A
10%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
36%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Sauk Village Illinois National
Cost of living9096100
Goods & Services10697100
Groceries9798100
Health care9895100
Housing6495100
Transportation114103100
Utilities8089100

An Overview of Cost of Living in Sauk Village, IL

Understanding the cost of living in Sauk Village can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Sauk Village cost of living index is 90, which is 10% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Everyday expenditures like food, housing, goods and services, transportation and health care in Sauk Village are priced in a manner consistent with other areas. This means that residents of Sauk Village can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Sauk Village Affordable?

Is Sauk Village affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Sauk Village, the median home price is 61.8% lower than the national average and monthly rent prices are 24.1% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Sauk Village boasting a median household income of $46,061, 16.7% lower than the national average.

What Factors can Influence the Cost of Living in Sauk Village?

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Sauk Village, the prevailing sales tax rate starts at 6.25%, and income tax rates kick off at 4.95%.

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Sauk Village, the housing index comes in at 36% lower than the national average.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Where is the Data From?

The cost of living data in Sauk Village displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Sauk Village is 6% lower than the Illinois average
  • The cost of living in Sauk Village is 10% lower than the national average
  • Sauk Village housing is 36% lower than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 119% higher than the national average

Most Affordable Places to Live in and Around Sauk Village

See all the best places to live around Sauk Village

Compare Sauk Village, IL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$60,053$5,004$1,401$1,802
      Renters$31,307$2,609$730$939
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Sauk Village, IL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Sauk Village homeowners, is $60,053. This would allow for a maximum of $1,401 per month to be spent on housing costs. For renters, the median monthly income is $31,307 which would result in a maximum of $730 to be spent on rental costs.

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Goods & Services

      Item Sauk Village National avg. Difference
      Haircut $19.72$24.2618.7%
      Beauty Salon $37.22$45.5618.3%
      Toothpaste $3.72$3.700.6%
      Shampoo $1.32$1.283.3%
      Movie $9.99$12.1317.7%
      Bowling $16.00$18.0011.1%

      Groceries

      Item Sauk Village National avg. Difference
      Ground Beef $5.94$5.841.8%
      Fried Chicken $1.39$1.5711.8%
      Milk $4.55$4.672.5%
      Potatoes $5.08$4.933.0%
      Pizza $10.69$12.0911.6%
      Beer $9.61$10.417.7%

      Health Care

      Item Sauk Village National avg. Difference
      Optometrist $86.67$125.6831.0%
      Doctor $110.00$135.7819.0%
      Dentist $82.00$113.2927.6%
      Ibuprofen $10.17$10.654.5%
      Lipitor $511.00$468.609.0%

      Housing

      Item Sauk Village National avg. Difference
      Home Price $70,500.00$184,700.0061.8%
      Avg. Mortgage Payment $1,316.57$2,346.6943.9%
      Apartment Rent $1,178.00$949.0024.1%

      Transportation

      Item Sauk Village National avg. Difference
      Gasoline $3.52$3.461.7%
      Tire Balancing $45.00$59.9224.9%

      Utilities

      Item Sauk Village National avg. Difference
      All Electricity $156.87$193.9919.1%
      Phone $198.03$192.253.0%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Ford Heights, IL2,7058614.2%
      East Chicago, IN28,0448712.7%
      Gary, IN75,4868812.0%
      Phoenix, IL1,4028812.0%
      Dixmoor, IL3,5709010.2%
      Sauk Village, IL10,319909.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hillsdale, NJ10,31716060.2%
      Granbury, TX10,3251088.2%
      Greencastle, IN10,312937.4%
      Fredonia, NY10,311909.7%
      Fairfield, IA10,3278910.7%
      Sauk Village, IL10,319909.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.