Bloomingdale, Illinois Cost Of Living

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Overall 18%

Goods & Services 9%

Housing 44%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Bloomingdale	Illinois	National
Cost of living	118	98	100
Goods & Services	109	98	100
Groceries	104	97	100
Health care	100	100	100
Housing	144	95	100
Transportation	125	112	100
Utilities	93	97	100

Key findings

The cost of living in Bloomingdale is 20% higher than the Illinois average
The cost of living in Bloomingdale is 18% higher than the national average
Bloomingdale housing is 44% higher than the national average
Illinois general sales tax is 23% higher than the national average
Illinois state income tax is 101% higher than the national average

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Price difference in compared to

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

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

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Bloomingdale, IL, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Bloomingdale, homeowners have a median income of $89,172. Using that number, a maximum of $2,081 per month should be allocated to housing expenses. 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	4.95%	4.95%

Goods & Services

Item	Bloomingdale	National avg.	Difference
Haircut	$22.00	$17.49	25.8%
Beauty Salon	$69.77	$38.17	82.8%
Toothpaste	$2.69	$2.32	15.9%
Shampoo	$0.92	$1.01	9.1%
Movie	$14.86	$10.72	38.6%
Bowling	$19.00	$13.86	37.1%

Groceries

Item	Bloomingdale	National avg.	Difference
Ground Beef	$4.07	$3.90	4.4%
Fried Chicken	$1.74	$1.40	24.7%
Milk	$2.09	$1.96	6.5%
Potatoes	$3.74	$3.18	17.5%
Pizza	$10.00	$10.39	3.8%
Beer	$8.14	$9.23	11.8%

Health Care

Item	Bloomingdale	National avg.	Difference
Optometrist	$97.00	$106.34	8.8%
Doctor	$105.00	$115.25	8.9%
Dentist	$102.00	$98.38	3.7%
Ibuprofen	$9.95	$9.26	7.4%
Lipitor	$494.16	$466.47	5.9%

Housing

Item	Bloomingdale	National avg.	Difference
Home Price	$281,000.00	$184,700.00	52.1%
Avg. Mortgage Payment	$1,857.61	$1,273.32	45.9%
Apartment Rent	$1,187.00	$949.00	25.1%

Transportation

Item	Bloomingdale	National avg.	Difference
Gasoline	$3.42	$2.59	31.8%
Tire Balancing	$57.00	$48.90	16.6%

Utilities

Item	Bloomingdale	National avg.	Difference
All Electricity	$131.81	$167.60	21.4%
Phone	$200.46	$163.42	22.7%

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	87	-13%
Bellwood, IL	19,146	98	-2%
Maywood, IL	24,029	99	-1%
Stone Park, IL	4,936	99	-1%
Broadview, IL	7,915	99	-1%
Bloomingdale, IL	22,221	118	18%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Silver Firs, WA	22,221	150	50%
Farmington, MN	22,226	108	8%
Darien, IL	22,232	115	15%
New Brighton, MN	22,233	109	9%
Roseburg, OR	22,201	108	8%
Bloomingdale, IL	22,221	118	18%

Source: The Bloomingdale, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.