Cost of Living in Colchester, IL

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16%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
51%
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 Colchester Illinois National
Cost of living8498100
Groceries100100100
Health care99100100
Housing4995100
Transportation101101100
Utilities9799100
Lifestyle & Entertainment96100100
Household Items102100100
Education & Childcare100100100
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Homes For Sale In Colchester, IL

property for sale

506 McLean St

Colchester, IL
property for sale

404 N Hun St

Colchester, IL
property for sale

570 Emma Rd

Colchester, IL
property for sale

113 Valentine Pl

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

Cost Of Living Quick Facts

  • The cost of living in Colchester is 15% lower than the Illinois average
  • The cost of living in Colchester is 16% lower than the national average
  • Colchester housing is 51% 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 Colchester

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Compare Colchester, IL Cost of Living

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      Utilities index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$74,869$6,239$1,747$2,246
      Renters$25,393$2,116$592$762

      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.
      Bardolph, IL2867525.0%
      Bowen, IL5997821.7%
      Littleton, IL1528019.8%
      Plymouth, IL4518119.0%
      Tennessee, IL918218.4%
      Colchester, IL1,3838416.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Crugers, NY1,38313939.1%
      Blue Ridge, AL1,38411010.3%
      Des Arc, AR1,3848019.8%
      Covelo, CA1,38412121.1%
      Crested Butte, CO1,38414747.1%
      Colchester, IL1,3838416.0%
      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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