Sycamore 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.
IndexSycamoreIllinoisNational
Cost of living index9698100
IndexSycamoreIllinoisNational
Goods & Services index9597100
Groceries index9197100
Health care index107100100
Housing index9899100
Transportation index107104100
Utilities index8595100
The above illustration supplies generalized information for the Sycamore, IL cost of living index. Compared to other cities in Illinois and cities across the country, the cost of living index in Sycamore, IL is 96, which is 2% lower than the Illinois average and 4% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Sycamore, IL are 2% lower than the average for Illinois and 5% lower than the rest of the country.

Did you know?

  • The cost of living in Sycamore is 2% lower than the Illinois average.
  • The cost of living in Sycamore is 4% lower than the national average.
  • The cost of housing in Sycamore is 2% 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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Compare Sycamore, IL Cost of living To Other Cities

Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
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The salary calculator allows you to compare how much your current salary in Sycamore, 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 Sycamore, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Sycamore, 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$76,790$6,399$1,792$2,304
Renters$40,863$3,405$953$1,226
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Sycamore, 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 Sycamore, IL homeowners have a median income of $76,790. Using that number, you will come up with a maximum of $1,792 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $40,863, which means there is a maximum of $953 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 Sycamore, 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

ItemSycamoreNational avg.Difference
Haircut $13.71$15.5611.9%
Beauty Salon $29.19$36.1119.2%
Toothpaste $1.88$2.4724.1%
Shampoo $0.90$0.967.1%
Movie $10.36$10.132.3%
Bowling $3.99$4.7415.7%

Groceries

ItemSycamoreNational avg.Difference
Ground Beef $3.47$3.9813.0%
Fried Chicken $1.41$1.410.0%
Milk $2.15$2.064.3%
Potatoes $2.16$2.9827.7%
Pizza $8.67$9.478.5%
Beer $7.96$8.799.5%

Health Care

ItemSycamoreNational avg.Difference
Optometrist $73.86$101.0426.9%
Doctor $132.16$107.4423.0%
Dentist $94.44$90.424.5%
Ibuprofen $9.63$9.283.7%
Lipitor $431.63$426.501.2%

Housing

ItemSycamoreNational avg.Difference
Home Price $171,400.00$175,700.002.4%
Avg. Mortgage Payment $777.66$1,133.2331.4%
Apartment Rent $906.00$920.001.5%

Transportation

ItemSycamoreNational avg.Difference
Gasoline $2.11$1.995.7%
Tire Balancing $50.94$45.7611.3%

Utilities

ItemSycamoreNational avg.Difference
All Electricity$141.68$163.8113.5%
Phone $23.50$28.3917.2%
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.
Lee, IL33588-12%
Malta, IL1,11589-11%
Kirkland, IL1,79191-9%
DeKalb, IL44,09294-6%
Genoa, IL5,71695-5%
Sycamore, IL17,47396-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wahiawa, HI17,47316868%
Scarsdale, NY17,471284184%
Myrtle Grove, FL17,47591-9%
Seminole, FL17,47796-4%
North Salt Lake, UT17,4651033%
Sycamore, IL17,47396-4%
Source: The Sycamore, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.