Winthrop Harbor 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.
IndexWinthrop HarborIllinoisNational
Cost of living index10499100
IndexWinthrop HarborIllinoisNational
Goods & Services index9798100
Groceries index10399100
Health care index115101100
Housing index11399100
Transportation index8997100
Utilities index110101100
Here we can see a simple outline of the cost of living in Winthrop Harbor, IL. As you can see, with the average cost of living in Winthrop Harbor, IL being 104, that puts it 5% higher than the average of Illinois and 4% 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 Winthrop Harbor, IL, the price of goods and services are 1% lower than the average of Illinois as well as 3% lower than the nation's average.

Did you know?

  • The cost of living in Winthrop Harbor is 5% higher than the Illinois average.
  • The cost of living in Winthrop Harbor is 4% higher than the national average.
  • The cost of housing in Winthrop Harbor is 13% 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 Winthrop Harbor, IL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Winthrop Harbor, IL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Winthrop Harbor, IL, then you would need to earn more income in order to maintain the same standard of living. To use the Winthrop Harbor, IL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$79,694$6,641$1,859$2,391
Renters$43,547$3,629$1,016$1,307
If you want to find a good determining factor for the cost of living and the general affordability of housing in Winthrop Harbor, 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 Winthrop Harbor, IL, the median monthly income is $79,694 for those who own their own homes. Under the standard rule, that income level would allow for $1,859 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $43,547, per the median income in the area. That would allow for renters to spend up to $1,016 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%
When considering the overall cost of living expenses in Winthrop Harbor, IL, it's important to take into account the sales tax for Illinois, as well as the rate for income tax in Illinois. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Illinois is 9.75%, and the sales tax in the state of Illinois is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Illinois starts from 3.75% and goes up to 3.75%.

Goods & Services

ItemWinthrop HarborNational avg.Difference
Haircut $15.99$14.599.6%
Beauty Salon $30.60$34.6811.8%
Toothpaste $2.51$2.471.5%
Shampoo $0.89$1.0212.9%
Movie $9.80$9.870.7%
Bowling $3.25$4.3926.0%

Groceries

ItemWinthrop HarborNational avg.Difference
Ground Beef $3.32$4.4825.8%
Fried Chicken $1.86$1.4627.0%
Milk $2.20$2.366.6%
Potatoes $2.35$3.0623.2%
Pizza $9.00$9.242.6%
Beer $7.97$8.637.7%

Health Care

ItemWinthrop HarborNational avg.Difference
Optometrist $52.40$99.7847.5%
Doctor $166.00$105.0358.0%
Dentist $91.60$88.703.3%
Ibuprofen $9.19$9.412.4%
Lipitor $315.77$298.505.8%

Housing

ItemWinthrop HarborNational avg.Difference
Home Price $193,200.00$175,700.0010.0%
Avg. Mortgage Payment $1,141.54$1,081.035.6%
Apartment Rent $1,117.00$920.0021.4%

Transportation

ItemWinthrop HarborNational avg.Difference
Gasoline $1.89$2.099.6%
Tire Balancing $37.95$45.2916.2%

Utilities

ItemWinthrop HarborNational avg.Difference
All Electricity$169.20$170.800.9%
Phone $35.25$28.2624.8%
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.
Park City, IL7,55185-15%
Waukegan, IL88,67199-1%
North Chicago, IL30,76099-1%
Zion, IL24,29299-1%
Kenosha, WI99,70995-5%
Winthrop Harbor, IL6,7441044%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Church Hill, TN6,74289-11%
Mattydale, NY6,74190-10%
Milford, OH6,74890-10%
Treasure Island, FL6,74912323%
Centerville, SC6,74988-12%
Winthrop Harbor, IL6,7441044%
Source: The Winthrop Harbor, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.