South Holland 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 HollandIllinoisNational
Cost of living index10899100
IndexSouth HollandIllinoisNational
Goods & Services index10698100
Groceries index10899100
Health care index100101100
Housing index11399100
Transportation index11297100
Utilities index104101100
Displayed above is a general overview of the South Holland, IL cost of living index. The overall cost of living index in South Holland, IL is 108, which is 9% higher than the Illinois average and 8% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in South Holland, IL are 8% higher than the Illinois average and 6% higher than the national average.

Did you know?

  • The cost of living in South Holland is 9% higher than the Illinois average.
  • The cost of living in South Holland is 8% higher than the national average.
  • The cost of housing in South Holland is 13% 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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Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in South Holland, IL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to South Holland, IL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the South Holland, IL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$69,731$5,811$1,627$2,092
Renters$37,021$3,085$864$1,111
One can approximate the cost of living and the housing affordability in South Holland, IL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in South Holland, IL have a median income of $69,731. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,627 per month to avoid calamity and poverty. The renters in the city have an income of about $37,021, which would make their monthly maximum allowable rental costs $864.

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 you are determining the total cost of living in South Holland, IL you will want to make sure you consider both the Illinois sales tax and the Illinois income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Illinois is 6.25%, with the highest surtax being 9.75%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Illinois have a range from 3.75% to 3.75%.

Goods & Services

ItemSouth HollandNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $45.00$34.6829.8%
Toothpaste $2.34$2.475.4%
Shampoo $0.99$1.023.1%
Movie $13.75$9.8739.3%
Bowling $5.00$4.3913.9%

Groceries

ItemSouth HollandNational avg.Difference
Ground Beef $5.37$4.4820.0%
Fried Chicken $1.42$1.463.0%
Milk $1.74$2.3626.2%
Potatoes $2.50$3.0618.3%
Pizza $10.99$9.2418.9%
Beer $14.25$8.6365.1%

Health Care

ItemSouth HollandNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $100.00$105.034.8%
Dentist $100.00$88.7012.7%
Ibuprofen $9.24$9.411.8%
Lipitor $262.00$298.5012.2%

Housing

ItemSouth HollandNational avg.Difference
Home Price $154,300.00$175,700.0012.2%
Avg. Mortgage Payment $1,500.61$1,081.0338.8%
Apartment Rent $1,565.00$920.0070.1%

Transportation

ItemSouth HollandNational avg.Difference
Gasoline $2.29$2.099.5%
Tire Balancing $53.31$45.2917.7%

Utilities

ItemSouth HollandNational avg.Difference
All Electricity$173.99$170.801.9%
Phone $30.05$28.266.3%
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.
Dixmoor, IL3,63587-13%
Hodgkins, IL2,18588-12%
Gary, IN79,16589-11%
Ford Heights, IL2,77786-14%
East Chicago, IN29,38791-9%
South Holland, IL22,1231088%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Elgin, IL22,1261066%
Derry, NH22,12911616%
Pelham, AL22,10698-2%
Crestview, FL22,09992-8%
Ruston, LA22,14990-10%
South Holland, IL22,1231088%
Source: The South Holland, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.