Villa 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.
IndexVilla ParkIllinoisNational
Cost of living index11299100
IndexVilla ParkIllinoisNational
Goods & Services index10698100
Groceries index10899100
Health care index100101100
Housing index12699100
Transportation index11297100
Utilities index104101100
Here we can see a simple outline of the cost of living in Villa Park, IL. As you can see, with the average cost of living in Villa Park, IL being 112, that puts it 13% higher than the average of Illinois and 12% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Villa Park, IL, the price of goods and services are 8% higher than the average of Illinois as well as 6% higher than the nation's average.

Did you know?

  • The cost of living in Villa Park is 13% higher than the Illinois average.
  • The cost of living in Villa Park is 12% higher than the national average.
  • The cost of housing in Villa Park is 26% 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 Villa Park, IL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Villa Park, IL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Villa Park, IL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Villa Park, IL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$78,269$6,522$1,826$2,348
Renters$41,838$3,487$976$1,255
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Villa Park, IL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Villa Park, IL homeowners, is $78,269. This would allow for a maximum of $1,826 per month to be spent on housing costs. For renters, the median monthly income is $41,838 which would result in a maximum of $976 to be spent on rental 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%
One thing to keep in mind when considering the cost of living in Villa Park, 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

ItemVilla ParkNational 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

ItemVilla ParkNational 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

ItemVilla ParkNational 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

ItemVilla ParkNational avg.Difference
Home Price $230,600.00$175,700.0031.2%
Avg. Mortgage Payment $1,500.61$1,081.0338.8%
Apartment Rent $1,050.00$920.0014.1%

Transportation

ItemVilla ParkNational avg.Difference
Gasoline $2.29$2.099.5%
Tire Balancing $53.31$45.2917.7%

Utilities

ItemVilla ParkNational 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.
Hodgkins, IL2,18588-12%
Hometown, IL4,35893-7%
Merrionette Park, IL1,74897-3%
Cicero, IL84,42399-1%
Bellwood, IL19,14999-1%
Villa Park, IL22,07311212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Forest Grove, OR22,07011414%
Charleston, IL22,06589-11%
North Plainfield, NJ22,05612121%
South Euclid, OH22,05295-5%
Crestview, FL22,09992-8%
Villa Park, IL22,07311212%
Source: The Villa 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.