Waukegan 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.
IndexWaukeganIllinoisNational
Cost of living index10098100
IndexWaukeganIllinoisNational
Goods & Services index10897100
Groceries index10897100
Health care index103100100
Housing index8199100
Transportation index126104100
Utilities index9595100
Here we can see a simple outline of the cost of living in Waukegan, IL. As you can see, with the average cost of living in Waukegan, IL being 100, that puts it 2% higher than the average of Illinois and equal to 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 Waukegan, IL, the price of goods and services are 12% higher than the average of Illinois as well as 8% higher than the nation's average.

Did you know?

  • The cost of living in Waukegan is 2% higher than the Illinois average.
  • The cost of living in Waukegan is equal to the national average.
  • The cost of housing in Waukegan is 19% 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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Compare Waukegan, IL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Waukegan, 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 Waukegan, IL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Waukegan, 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$65,194$5,433$1,521$1,956
Renters$30,301$2,525$707$909
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Waukegan, 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 Waukegan, IL homeowners, is $65,194. This would allow for a maximum of $1,521 per month to be spent on housing costs. For renters, the median monthly income is $30,301 which would result in a maximum of $707 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%
When you are determining the total cost of living in Waukegan, IL you will want to make sure you consider both the Illinois sales tax and the Illinois income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Illinois is 6.25%, with the highest surtax being 9.75%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Illinois have a range from 3.75% to 3.75%.

Goods & Services

ItemWaukeganNational avg.Difference
Haircut $17.44$15.5612.1%
Beauty Salon $55.00$36.1152.3%
Toothpaste $2.68$2.478.3%
Shampoo $1.00$0.963.6%
Movie $13.20$10.1330.3%
Bowling $8.00$4.7468.9%

Groceries

ItemWaukeganNational avg.Difference
Ground Beef $4.57$3.9814.6%
Fried Chicken $1.67$1.4118.4%
Milk $1.94$2.065.8%
Potatoes $3.51$2.9817.6%
Pizza $9.99$9.475.5%
Beer $8.73$8.790.7%

Health Care

ItemWaukeganNational avg.Difference
Optometrist $95.00$101.046.0%
Doctor $99.17$107.447.7%
Dentist $101.11$90.4211.8%
Ibuprofen $9.80$9.285.6%
Lipitor $421.75$426.501.1%

Housing

ItemWaukeganNational avg.Difference
Home Price $130,900.00$175,700.0025.5%
Avg. Mortgage Payment $1,611.36$1,133.2342.2%
Apartment Rent $875.00$920.004.9%

Transportation

ItemWaukeganNational avg.Difference
Gasoline $2.57$1.9928.9%
Tire Balancing $54.44$45.7619.0%

Utilities

ItemWaukeganNational avg.Difference
All Electricity$150.85$163.817.9%
Phone $28.44$28.390.2%
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, IL7,55186-14%
North Chicago, IL30,7601011%
Zion, IL24,29295-5%
Kenosha, WI99,70995-5%
Round Lake Beach, IL28,0481011%
Waukegan, IL88,6711000%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Germantown, MD88,71712626%
Fall River, MA88,75611616%
Longmont, CO88,54711010%
Plantation, FL88,48611313%
Sunrise, FL88,391100-0%
Waukegan, IL88,6711000%
Source: The Waukegan, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.