Cost of Living in Assumption, IL

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18%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
55%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Assumption Illinois National
Cost of living8298100
Groceries98100100
Health care99100100
Housing4595100
Transportation100101100
Utilities10099100
Lifestyle & Entertainment94100100
Household Items98100100
Education & Childcare96100100
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Homes For Sale In Assumption, IL

property for sale

303 W 2nd St

Assumption, IL
property for sale

120 S Walnut St

Assumption, IL
property for sale

412 W Illinois St

Assumption, IL
property for sale

107 S Oak St

Assumption, IL
See the Newest Homes For Sale In Assumption, IL

Cost Of Living Quick Facts

  • The cost of living in Assumption is 17% lower than the Illinois average
  • The cost of living in Assumption is 18% lower than the national average
  • Assumption housing is 55% lower than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Assumption

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Compare Assumption, IL Cost of Living

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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$75,937$6,328$1,772$2,278
      Renters$67,309$5,609$1,570$2,019

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Westervelt, IL34982.1%
      Wenonah, IL148019.8%
      Tower Hill, IL6658119.1%
      Ohlman, IL1078316.8%
      Pana, IL5,5218317.1%
      Assumption, IL1,1998218.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Wooster, AR1,1991011.0%
      Blue Ridge, GA1,199963.8%
      Astoria, IL1,1998019.7%
      Bromley, KY1,1998316.7%
      Riddle, OR1,199954.9%
      Assumption, IL1,1998218.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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