D
11%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
34%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Warrenville Illinois National
Cost of living11196100
Goods & Services10697100
Groceries9798100
Health care9895100
Housing13495100
Transportation114103100
Utilities8089100

An Overview of Cost of Living in Warrenville, IL

Knowing the cost of living in Warrenville allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Warrenville stands at 111, marking it 11% higher than the national average.

Housing costs are a major factor in the Warrenville cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 33.9% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Is Warrenville Affordable?

Is Warrenville affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Warrenville, the median home price is 21.5% higher than the national average and monthly rent prices are 62.8% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Warrenville boasting a median household income of $86,462, 56.3% higher than the national average.

What Factors can Influence the Cost of Living in Warrenville?

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Warrenville, is 33.9% higher than the national average.

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Warrenville, healthcare costs are 2.3% lower than the national average.

Where is the Data From?

The Warrenville cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Warrenville is 15% higher than the Illinois average
  • The cost of living in Warrenville is 11% higher than the national average
  • Warrenville housing is 34% higher than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 119% higher than the national average

Most Affordable Places to Live in and Around Warrenville

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Compare Warrenville, IL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$93,505$7,792$2,182$2,805
      Renters$63,611$5,301$1,484$1,909
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Warrenville, IL, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Warrenville, homeowners have a median income of $93,505. Using that number, a maximum of $2,182 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $63,611, which means there is a maximum of $1,484 to be spent on the costs of renting a home or apartment.

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Goods & Services

      Item Warrenville National avg. Difference
      Haircut $19.72$24.2618.7%
      Beauty Salon $37.22$45.5618.3%
      Toothpaste $3.72$3.700.6%
      Shampoo $1.32$1.283.3%
      Movie $9.99$12.1317.7%
      Bowling $16.00$18.0011.1%

      Groceries

      Item Warrenville National avg. Difference
      Ground Beef $5.94$5.841.8%
      Fried Chicken $1.39$1.5711.8%
      Milk $4.55$4.672.5%
      Potatoes $5.08$4.933.0%
      Pizza $10.69$12.0911.6%
      Beer $9.61$10.417.7%

      Health Care

      Item Warrenville National avg. Difference
      Optometrist $86.67$125.6831.0%
      Doctor $110.00$135.7819.0%
      Dentist $82.00$113.2927.6%
      Ibuprofen $10.17$10.654.5%
      Lipitor $511.00$468.609.0%

      Housing

      Item Warrenville National avg. Difference
      Home Price $224,500.00$184,700.0021.5%
      Avg. Mortgage Payment $1,316.57$2,346.6943.9%
      Apartment Rent $1,545.00$949.0062.8%

      Transportation

      Item Warrenville National avg. Difference
      Gasoline $3.52$3.461.7%
      Tire Balancing $45.00$59.9224.9%

      Utilities

      Item Warrenville National avg. Difference
      All Electricity $156.87$193.9919.1%
      Phone $198.03$192.253.0%
      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 Population Cost of Living Index National Avg.
      Berkeley, IL5,0791022.4%
      Northlake, IL12,2351033.5%
      Elgin, IL112,0621055.3%
      Hillside, IL7,9371066.3%
      Aurora, IL199,3261055.2%
      Warrenville, IL13,13711111.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Rocky Point, NY13,13812929.3%
      Timberlake, VA13,130982.0%
      La Grange Park, IL13,12912625.8%
      Henderson, TX13,145928.0%
      Stoughton, WI13,1461088.3%
      Warrenville, IL13,13711111.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.