Urbana 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.
IndexUrbanaIllinoisNational
Cost of living index9499100
IndexUrbanaIllinoisNational
Goods & Services index9698100
Groceries index9299100
Health care index109101100
Housing index8599100
Transportation index8497100
Utilities index119101100
A general overview of the cost of living index for Urbana, IL is displayed above. In Urbana, IL, the overall cost of living index is 94, which is 5% lower than the Illinois average and 6% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Urbana, IL, the city's goods and services are 3% lower than the Illinois average and 4% lower than the U.S. average.

Did you know?

  • The cost of living in Urbana is 5% lower than the Illinois average.
  • The cost of living in Urbana is 6% lower than the national average.
  • The cost of housing in Urbana is 15% 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

This is how much you would need to earn in
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Goods & Services index
Groceries index
Health care index
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Transportation index
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The salary calculator allows you to compare how much your current salary in Urbana, 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 Urbana, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Urbana, 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$71,321$5,943$1,664$2,140
Renters$20,162$1,680$470$605
One can approximate the cost of living and the housing affordability in Urbana, 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 Urbana, IL have a median income of $71,321. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,664 per month to avoid calamity and poverty. The renters in the city have an income of about $20,162, which would make their monthly maximum allowable rental costs $470.

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%
The Illinois sales tax and Illinois income tax rates should definitely be considered when determining the overall cost of living in Urbana, IL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Illinois sales tax is 6.25% and the maximum surtax is 9.75%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

ItemUrbanaNational avg.Difference
Haircut $19.25$14.5931.9%
Beauty Salon $33.50$34.683.4%
Toothpaste $1.85$2.4725.2%
Shampoo $0.78$1.0223.7%
Movie $9.75$9.871.2%
Bowling $7.65$4.3974.2%

Groceries

ItemUrbanaNational avg.Difference
Ground Beef $4.03$4.4810.0%
Fried Chicken $1.29$1.4611.9%
Milk $2.49$2.365.7%
Potatoes $2.96$3.063.3%
Pizza $6.99$9.2424.4%
Beer $8.46$8.632.0%

Health Care

ItemUrbanaNational avg.Difference
Optometrist $80.40$99.7819.4%
Doctor $110.50$105.035.2%
Dentist $103.50$88.7016.7%
Ibuprofen $10.21$9.418.5%
Lipitor $320.44$298.507.4%

Housing

ItemUrbanaNational avg.Difference
Home Price $148,600.00$175,700.0015.4%
Avg. Mortgage Payment $1,039.68$1,081.033.8%
Apartment Rent $782.00$920.0015.0%

Transportation

ItemUrbanaNational avg.Difference
Gasoline $1.77$2.0915.5%
Tire Balancing $38.00$45.2916.1%

Utilities

ItemUrbanaNational avg.Difference
All Electricity$189.39$170.8010.9%
Phone $36.95$28.2630.8%
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.
Ivesdale, IL28883-17%
Seymour, IL26983-17%
Allerton, IL24485-15%
Thomasboro, IL1,14785-15%
Rantoul, IL13,21485-15%
Urbana, IL41,76094-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Valley, NM41,76090-10%
Hicksville, NY41,78414949%
University, FL41,73286-14%
Altamonte Springs, FL41,88995-5%
Buffalo Grove, IL41,61312222%
Urbana, IL41,76094-6%
Source: The Urbana, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.