Shelbyville cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexShelbyvilleIllinoisNational
Cost of living index8299100
IndexShelbyvilleIllinoisNational
Goods & Services index9498100
Groceries index9699100
Health care index92101100
Housing index5299100
Transportation index9697100
Utilities index100101100
A general overview of the cost of living index for Shelbyville, IL is displayed above. In Shelbyville, IL, the overall cost of living index is 82, which is 17% lower than the Illinois average and 18% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Shelbyville, IL, the city's goods and services are 5% lower than the Illinois average and 6% lower than the U.S. average.

Did you know?

  • The cost of living in Shelbyville is 17% lower than the Illinois average.
  • The cost of living in Shelbyville is 18% lower than the national average.
  • The cost of housing in Shelbyville is 48% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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The salary calculator allows you to compare how much your current salary in Shelbyville, IL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Shelbyville, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Shelbyville, IL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$47,614$3,968$1,111$1,429
Renters$21,750$1,813$507$653
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Shelbyville, IL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Shelbyville, IL homeowners have a median income of $47,614. Using that number, you will come up with a maximum of $1,111 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $21,750, which means there is a maximum of $507 to be spent on the costs of renting a home or apartment.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%9.75%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%
One thing to keep in mind when considering the cost of living in Shelbyville, IL is the Illinois sales tax and Illinois income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Illinois sales tax rate is 6.25% and the maximum surtax that can be charged is 9.75%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

ItemShelbyvilleNational avg.Difference
Haircut $14.55$14.590.3%
Beauty Salon $27.80$34.6819.8%
Toothpaste $2.99$2.4720.9%
Shampoo $0.88$1.0213.9%
Movie $8.92$9.879.6%
Bowling $4.25$4.393.2%

Groceries

ItemShelbyvilleNational avg.Difference
Ground Beef $4.04$4.489.8%
Fried Chicken $1.14$1.4622.1%
Milk $1.62$2.3631.3%
Potatoes $2.91$3.064.9%
Pizza $9.32$9.240.8%
Beer $8.82$8.632.2%

Health Care

ItemShelbyvilleNational avg.Difference
Optometrist $82.00$99.7817.8%
Doctor $99.00$105.035.7%
Dentist $72.40$88.7018.4%
Ibuprofen $8.21$9.4112.8%
Lipitor $321.28$298.507.6%

Housing

ItemShelbyvilleNational avg.Difference
Home Price $81,100.00$175,700.0053.8%
Avg. Mortgage Payment $940.23$1,081.0313.0%
Apartment Rent $603.00$920.0034.5%

Transportation

ItemShelbyvilleNational avg.Difference
Gasoline $1.88$2.0910.3%
Tire Balancing $52.05$45.2914.9%

Utilities

ItemShelbyvilleNational avg.Difference
All Electricity$189.55$170.8011.0%
Phone $23.80$28.2615.8%
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, StatePopulationCost of Living IndexNational Avg.
Westervelt, IL9372-28%
Cowden, IL57976-24%
Herrick, IL44678-22%
Tower Hill, IL52878-22%
Assumption, IL1,26679-21%
Shelbyville, IL5,21182-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wheatley Heights, NY5,21115353%
Vinton, IA5,21185-15%
Twin Lakes, CA5,21216262%
Harvest, AL5,2131000%
Centreville, IL5,20882-18%
Shelbyville, IL5,21182-18%
Source: The Shelbyville, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.