Tinley Park 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.
IndexTinley ParkIllinoisNational
Cost of living index10799100
IndexTinley ParkIllinoisNational
Goods & Services index9698100
Groceries index10699100
Health care index104101100
Housing index12399100
Transportation index10097100
Utilities index103101100
A general summary of the cost of living index in Tinley Park, IL is shown above. Compared to the state average of Illinois the cost of living index in Tinley Park, IL is 107, which is 8% higher than the average in Illinois and compared to the national average it is 7% 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 Tinley Park, IL goods and services come in at 2% lower than the average in Illinois and are 4% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Tinley Park is 8% higher than the Illinois average.
  • The cost of living in Tinley Park is 7% higher than the national average.
  • The cost of housing in Tinley Park is 23% 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 Tinley Park, IL Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is meant to help you compare your salary in Tinley Park, IL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Tinley Park, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Tinley Park, IL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$83,938$6,995$1,958$2,518
Renters$44,205$3,684$1,031$1,326
The affordability of the housing market in Tinley Park, IL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Tinley Park, IL homeowners, the median income is $83,938. This indicates that a monthly maximum of $1,958 should be spent by homeowners on all housing related costs. Renters have a median income of $44,205. This indicates that renters should have a maximum of $1,031 used for their rent related monthly costs.

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 considering the overall cost of living expenses in Tinley Park, IL, it's important to take into account the sales tax for Illinois, as well as the rate for income tax in Illinois. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Illinois is 9.75%, and the sales tax in the state of Illinois is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Illinois starts from 3.75% and goes up to 3.75%.

Goods & Services

ItemTinley ParkNational avg.Difference
Haircut $15.50$14.596.2%
Beauty Salon $37.40$34.687.8%
Toothpaste $3.31$2.4733.8%
Shampoo $1.53$1.0249.7%
Movie $10.26$9.874.0%
Bowling $3.51$4.3920.1%

Groceries

ItemTinley ParkNational avg.Difference
Ground Beef $4.21$4.486.0%
Fried Chicken $1.56$1.466.6%
Milk $2.65$2.3612.4%
Potatoes $2.78$3.069.2%
Pizza $8.86$9.244.1%
Beer $8.19$8.635.1%

Health Care

ItemTinley ParkNational avg.Difference
Optometrist $111.13$99.7811.4%
Doctor $129.44$105.0323.2%
Dentist $82.38$88.707.1%
Ibuprofen $8.99$9.414.5%
Lipitor $298.47$298.500.0%

Housing

ItemTinley ParkNational avg.Difference
Home Price $225,200.00$175,700.0028.2%
Avg. Mortgage Payment $1,023.97$1,081.035.3%
Apartment Rent $1,008.00$920.009.6%

Transportation

ItemTinley ParkNational avg.Difference
Gasoline $2.03$2.093.1%
Tire Balancing $49.67$45.299.7%

Utilities

ItemTinley ParkNational avg.Difference
All Electricity$175.65$170.802.8%
Phone $29.20$28.263.3%
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%
Ford Heights, IL2,77786-14%
Robbins, IL5,22191-9%
Harvey, IL25,22592-8%
Tinley Park, IL57,0991077%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Tamiami, FL57,12311313%
Rocky Mount, NC57,07190-10%
Dearborn Heights, MI57,06387-13%
Towson, MD57,14612020%
Auburn, AL56,9861044%
Tinley Park, IL57,0991077%
Source: The Tinley Park, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.