Taylorville 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.
IndexTaylorvilleIllinoisNational
Cost of living index8499100
IndexTaylorvilleIllinoisNational
Goods & Services index10398100
Groceries index10199100
Health care index106101100
Housing index5499100
Transportation index9297100
Utilities index72101100
The above illustration supplies generalized information for the Taylorville, IL cost of living index. Compared to other cities in Illinois and cities across the country, the cost of living index in Taylorville, IL is 84, which is 15% lower than the Illinois average and 16% 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 Taylorville, IL are 5% higher than the average for Illinois and 3% higher than the rest of the country.

Did you know?

  • The cost of living in Taylorville is 15% lower than the Illinois average.
  • The cost of living in Taylorville is 16% lower than the national average.
  • The cost of housing in Taylorville is 46% 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

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Groceries index
Health care index
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Transportation index
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The salary calculator is used in order to provide a comparison of your current salary in Taylorville, 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 Taylorville, IL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Taylorville, 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$54,527$4,544$1,272$1,636
Renters$27,309$2,276$637$819
If you want to find a good determining factor for the cost of living and the general affordability of housing in Taylorville, IL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Taylorville, IL, the median monthly income is $54,527 for those who own their own homes. Under the standard rule, that income level would allow for $1,272 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $27,309, per the median income in the area. That would allow for renters to spend up to $637 on monthly rental expenses.

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 Taylorville, 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

ItemTaylorvilleNational avg.Difference
Haircut $13.43$14.598.0%
Beauty Salon $33.50$34.683.4%
Toothpaste $2.22$2.4710.2%
Shampoo $0.97$1.025.1%
Movie $10.62$9.877.6%
Bowling $3.67$4.3916.4%

Groceries

ItemTaylorvilleNational avg.Difference
Ground Beef $4.72$4.485.4%
Fried Chicken $1.47$1.460.4%
Milk $2.40$2.361.8%
Potatoes $3.73$3.0621.8%
Pizza $9.49$9.242.7%
Beer $7.67$8.6311.2%

Health Care

ItemTaylorvilleNational avg.Difference
Optometrist $87.00$99.7812.8%
Doctor $132.50$105.0326.1%
Dentist $83.57$88.705.8%
Ibuprofen $10.01$9.416.4%
Lipitor $315.70$298.505.8%

Housing

ItemTaylorvilleNational avg.Difference
Home Price $83,700.00$175,700.0052.4%
Avg. Mortgage Payment $825.57$1,081.0323.6%
Apartment Rent $634.00$920.0031.1%

Transportation

ItemTaylorvilleNational avg.Difference
Gasoline $1.83$2.0912.7%
Tire Balancing $47.74$45.295.4%

Utilities

ItemTaylorvilleNational avg.Difference
All Electricity$137.18$170.8019.7%
Phone $17.16$28.2639.3%
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.
Bulpitt, IL29177-23%
Jeisyville, IL13178-22%
Mount Auburn, IL53579-21%
Palmer, IL16180-20%
Owaneco, IL16579-21%
Taylorville, IL11,76184-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Red Bank, TN11,75989-11%
Washington, IN11,75882-18%
Somersworth, NH11,76511515%
Martinsville, IN11,75684-16%
Richmond, TX11,76986-14%
Taylorville, IL11,76184-16%
Source: The Taylorville, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.