Braidwood cost of living index

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. 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. The breakdown for each index is as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexBraidwoodIllinoisNational
Cost of living9698100
IndexBraidwoodIllinoisNational
Goods & Services9898100
Groceries10097100
Health care110100100
Housing8695100
Transportation117112100
Utilities9097100

Key findings

  • The cost of living in Braidwood is 2% lower than the Illinois average
  • The cost of living in Braidwood is 4% lower than the national average
  • Braidwood housing is 14% lower than the national average
  • Illinois general sales tax is 23% higher than the national average
  • Illinois state income tax is 123% higher than the national average

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Compare Braidwood, IL Cost of Living To Other Cities

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      This is how much you would need to earn in
      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$67,383$5,615$1,572$2,022
      Renters$36,563$3,047$853$1,097
      The affordability of the housing market in Braidwood, IL as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Braidwood homeowners, the median income is $67,383. This indicates that a monthly maximum of $1,572 should be spent by homeowners on all housing related costs. Renters have a median income of $36,563. This indicates that renters would have a maximum of $853 for their rent related monthly costs.

      Illinois Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Illinois6.25%10.25%

      Illinois Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Illinois4.95%4.95%

      Goods & Services

      ItemBraidwoodNational avg.Difference
      Haircut $19.28$17.4910.2%
      Beauty Salon $39.33$38.173.0%
      Toothpaste $3.16$2.3236.2%
      Shampoo $0.96$1.015.1%
      Movie $10.54$10.721.7%
      Bowling $15.50$13.8611.8%

      Groceries

      ItemBraidwoodNational avg.Difference
      Ground Beef $3.96$3.901.5%
      Fried Chicken $1.62$1.4016.1%
      Milk $2.16$1.9610.1%
      Potatoes $2.93$3.187.9%
      Pizza $10.68$10.392.8%
      Beer $8.26$9.2310.5%

      Health Care

      ItemBraidwoodNational avg.Difference
      Optometrist $107.11$106.340.7%
      Doctor $157.40$115.2536.6%
      Dentist $103.57$98.385.3%
      Ibuprofen $8.97$9.263.1%
      Lipitor $447.13$466.474.1%

      Housing

      ItemBraidwoodNational avg.Difference
      Home Price $154,500.00$184,700.0016.4%
      Avg. Mortgage Payment $1,188.17$1,273.326.7%
      Apartment Rent $858.00$949.009.6%

      Transportation

      ItemBraidwoodNational avg.Difference
      Gasoline $3.10$2.5919.7%
      Tire Balancing $56.78$48.9016.1%

      Utilities

      ItemBraidwoodNational avg.Difference
      All Electricity$131.81$167.6021.4%
      Phone $188.88$163.4215.6%
      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, StatePopulationCost of Living IndexNational Avg.
      Wilmington village, IL14479-21%
      Union Hill, IL3287-13%
      Godley, IL73091-9%
      Dwight, IL4,16892-8%
      Reddick, IL32893-7%
      Braidwood, IL6,10296-4%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Somerset, PA6,10285-15%
      Stone Mountain, GA6,10291-9%
      Cheshire Village, CT6,10312929%
      Brunswick, MD6,1011011%
      Manistee, MI6,10081-19%
      Braidwood, IL6,10296-4%
      Source: The Braidwood, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.