Wauconda 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.
IndexWaucondaIllinoisNational
Cost of living index10899100
IndexWaucondaIllinoisNational
Goods & Services index10698100
Groceries index10899100
Health care index100101100
Housing index11199100
Transportation index11297100
Utilities index104101100
The above illustration supplies generalized information for the Wauconda, IL cost of living index. Compared to other cities in Illinois and cities across the country, the cost of living index in Wauconda, IL is 108, which is 9% higher than the Illinois average and 8% higher 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 Wauconda, IL are 8% higher than the average for Illinois and 6% higher than the rest of the country.

Did you know?

  • The cost of living in Wauconda is 9% higher than the Illinois average.
  • The cost of living in Wauconda is 8% higher than the national average.
  • The cost of housing in Wauconda is 11% 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 Wauconda, IL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Wauconda, 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 Wauconda, IL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Wauconda, 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$81,176$6,765$1,894$2,436
Renters$51,429$4,286$1,200$1,543
If you want to find a good determining factor for the cost of living and the general affordability of housing in Wauconda, 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 Wauconda, IL, the median monthly income is $81,176 for those who own their own homes. Under the standard rule, that income level would allow for $1,894 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $51,429, per the median income in the area. That would allow for renters to spend up to $1,200 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%
One thing to keep in mind when considering the cost of living in Wauconda, 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

ItemWaucondaNational 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

ItemWaucondaNational 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

ItemWaucondaNational 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

ItemWaucondaNational avg.Difference
Home Price $200,300.00$175,700.0014.0%
Avg. Mortgage Payment $1,500.61$1,081.0338.8%
Apartment Rent $971.00$920.005.5%

Transportation

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

Utilities

ItemWaucondaNational 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.
Park City, IL7,55185-15%
Waukegan, IL88,67199-1%
North Chicago, IL30,76099-1%
Zion, IL24,29299-1%
Round Lake Beach, IL28,048100-0%
Wauconda, IL13,1891088%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Geneva, NY13,20290-10%
Azalea Park, FL13,20389-11%
Weigelstown, PA13,17498-2%
Hobe Sound, FL13,20599-1%
McPherson, KS13,20588-12%
Wauconda, IL13,1891088%
Source: The Wauconda, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.