Antioch cost of living index

Here we can see a simple outline of the cost of living in Antioch, IL. As you can see, with the average cost of living in Antioch, IL being 100, that puts it 1% 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 Antioch, IL, the price of goods and services are 6% lower than the average of Illinois as well as 5% lower than the nation's average.

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Salary Calculator

The salary calculator is used in order to provide a comparison of your current salary in Antioch, IL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Antioch, IL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Antioch, IL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

The affordability of the housing market in Antioch, IL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Antioch, IL homeowners, the median income is $96,637. This indicates that a monthly maximum of $2,255 should be spent by homeowners on all housing related costs. Renters have a median income of $34,583. This indicates that renters should have a maximum of $807 used for their rent related monthly costs.

Illinois Sales Tax

Illinois Income Tax

The Illinois sales tax and Illinois income tax rates should definitely be considered when determining the overall cost of living in Antioch, IL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Illinois sales tax is 6.25% and the maximum surtax is 10.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Antioch, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.