South Barrington 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.
IndexSouth BarringtonIllinoisNational
Cost of living index21398100
IndexSouth BarringtonIllinoisNational
Goods & Services index10897100
Groceries index10897100
Health care index103100100
Housing index45699100
Transportation index126104100
Utilities index9595100
A general summary of the cost of living index in South Barrington, IL is shown above. Compared to the state average of Illinois the cost of living index in South Barrington, IL is 213, which is 117% higher than the average in Illinois and compared to the national average it is 113% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In South Barrington, IL goods and services come in at 12% higher than the average in Illinois and are 8% higher than compared to the nationwide average.

Did you know?

  • The cost of living in South Barrington is 117% higher than the Illinois average.
  • The cost of living in South Barrington is 113% higher than the national average.
  • The cost of housing in South Barrington is 356% higher 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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Compare South Barrington, IL Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in South Barrington, 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 South Barrington, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The South Barrington, 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$173,641$14,470$4,051$5,210
Renters$0$0$0$0
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in South Barrington, IL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. South Barrington, IL has a median income of about $173,641 for people who own homes. Based on that number, a person should spend a maximum of $4,051 on expenses related to housing. Renters have a slightly different median income, which is $0. Based on this average, renters should spend no more than $0 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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%
When assessing the complete cost of living in South Barrington, IL, the Illinois income tax and the Illinois sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Illinois maximum surtax is 9.75%, and the Illinois sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.75% to 3.75% in Illinois.

Goods & Services

ItemSouth BarringtonNational avg.Difference
Haircut $17.44$15.5612.1%
Beauty Salon $55.00$36.1152.3%
Toothpaste $2.68$2.478.3%
Shampoo $1.00$0.963.6%
Movie $13.20$10.1330.3%
Bowling $8.00$4.7468.9%

Groceries

ItemSouth BarringtonNational avg.Difference
Ground Beef $4.57$3.9814.6%
Fried Chicken $1.67$1.4118.4%
Milk $1.94$2.065.8%
Potatoes $3.51$2.9817.6%
Pizza $9.99$9.475.5%
Beer $8.73$8.790.7%

Health Care

ItemSouth BarringtonNational avg.Difference
Optometrist $95.00$101.046.0%
Doctor $99.17$107.447.7%
Dentist $101.11$90.4211.8%
Ibuprofen $9.80$9.285.6%
Lipitor $421.75$426.501.1%

Housing

ItemSouth BarringtonNational avg.Difference
Home Price $800,600.00$175,700.00355.7%
Avg. Mortgage Payment $1,611.36$1,133.2342.2%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemSouth BarringtonNational avg.Difference
Gasoline $2.57$1.9928.9%
Tire Balancing $54.44$45.7619.0%

Utilities

ItemSouth BarringtonNational avg.Difference
All Electricity$150.85$163.817.9%
Phone $28.44$28.390.2%
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.
Bellwood, IL19,1491011%
Stone Park, IL4,9591033%
Carpentersville, IL38,1281044%
Northlake, IL12,3681044%
Franklin Park, IL18,3891066%
South Barrington, IL4,811213113%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Piedmont, AL4,81179-21%
Manchester, MD4,81011414%
San Diego, TX4,81380-20%
Orange, VA4,8081033%
Waipio Acres, HI4,80715656%
South Barrington, IL4,811213113%
Source: The South Barrington, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.