Bloomingdale, IL Cost Of Living

Bloomingdale 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.
Index	Bloomingdale	Illinois	National
Cost of living index	121	99	100
Index	Bloomingdale	Illinois	National
Goods & Services index	115	101	100
Groceries index	108	97	100
Health care index	101	101	100
Housing index	144	95	100
Transportation index	127	105	100
Utilities index	90	96	100

A general overview of the cost of living index for Bloomingdale, IL is displayed above. In Bloomingdale, IL, the overall cost of living index is 121, which is 22% higher than the Illinois average and 21% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Bloomingdale, IL, the city's goods and services are 14% higher than the Illinois average and 15% higher than the U.S. average.

Did you know?

The cost of living in Bloomingdale is 22% higher than the Illinois average.
The cost of living in Bloomingdale is 21% higher than the national average.
The cost of housing in Bloomingdale is 44% 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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Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is meant to help you compare your salary in Bloomingdale, IL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Bloomingdale, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Bloomingdale, IL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$89,172	$7,431	$2,081	$2,675
Renters	$51,512	$4,293	$1,202	$1,546

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Bloomingdale, IL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Bloomingdale, IL homeowners have a median income of $89,172. Using that number, you will come up with a maximum of $2,081 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $51,512, which means there is a maximum of $1,202 to be spent on the costs of renting a home or apartment.

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	3.75%	3.75%

When assessing the complete cost of living in Bloomingdale, IL, the Illinois income tax and the Illinois sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Illinois maximum surtax is 10.25%, and the Illinois sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.75% to 3.75% in Illinois.

Goods & Services

Item	Bloomingdale	National avg.	Difference
Haircut	$20.00	$16.09	24.3%
Beauty Salon	$69.87	$37.33	87.2%
Toothpaste	$2.80	$2.45	14.3%
Shampoo	$0.98	$1.00	1.7%
Movie	$13.72	$10.28	33.5%
Bowling	$8.00	$4.93	62.2%

Groceries

Item	Bloomingdale	National avg.	Difference
Ground Beef	$4.33	$3.80	13.8%
Fried Chicken	$1.28	$1.40	8.1%
Milk	$1.95	$2.01	2.9%
Potatoes	$3.79	$3.01	26.0%
Pizza	$9.99	$9.89	1.1%
Beer	$8.49	$8.90	4.6%

Health Care

Item	Bloomingdale	National avg.	Difference
Optometrist	$95.00	$102.16	7.0%
Doctor	$100.00	$108.36	7.7%
Dentist	$102.33	$92.53	10.6%
Ibuprofen	$9.87	$9.28	6.4%
Lipitor	$414.41	$425.82	2.7%

Housing

Item	Bloomingdale	National avg.	Difference
Home Price	$281,000.00	$184,700.00	52.1%
Avg. Mortgage Payment	$1,785.17	$1,202.44	48.5%
Apartment Rent	$1,187.00	$949.00	25.1%

Transportation

Item	Bloomingdale	National avg.	Difference
Gasoline	$2.93	$2.24	30.6%
Tire Balancing	$55.00	$46.29	18.8%

Utilities

Item	Bloomingdale	National avg.	Difference
All Electricity	$130.69	$165.96	21.3%
Phone	$29.99	$28.68	4.6%

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, State	Population	Cost of Living Index	National Avg.
Hodgkins, IL	1,960	89	-11%
Bellwood, IL	19,146	101	1%
Maywood, IL	24,029	102	2%
Stone Park, IL	4,936	102	2%
Broadview, IL	7,915	102	2%
Bloomingdale, IL	22,221	121	21%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Silver Firs, WA	22,221	151	51%
Farmington, MN	22,226	106	6%
Darien, IL	22,232	114	14%
New Brighton, MN	22,233	107	7%
Roseburg, OR	22,201	104	4%
Bloomingdale, IL	22,221	121	21%

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

Bloomingdale, IL Cost of Living