| Index | Collinsville | Illinois | National |
| Cost of living | 92 | 98 | 100 |
| Groceries | 100 | 100 | 100 |
| Health care | 98 | 100 | 100 |
| Housing | 77 | 95 | 100 |
| Transportation | 100 | 101 | 100 |
| Utilities | 102 | 99 | 100 |
| Lifestyle & Entertainment | 97 | 100 | 100 |
| Household Items | 98 | 100 | 100 |
| Education & Childcare | 99 | 100 | 100 |
Understanding the cost of living in Collinsville can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Collinsville cost of living index is 92, which is 8% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Collinsville are priced in a manner consistent with other areas. This means that residents of Collinsville can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Wondering if Collinsville is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Collinsville, for example, the median home price is 28.8% lower than what folks pay nationally, and monthly rent is 10.7% lower than the usual rates. Plus, income levels matter too, with Collinsville boasting a median household income of $83,229, which is 2.3% higher than the national average.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Collinsville, healthcare costs are 2.4% lower than the national average.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Collinsville, the groceries index registers 0.3% higher than the national average.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
The cost of living data for Collinsville shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Groceries index | |
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| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $111,546 | $9,296 | $2,603 | $3,347 |
| Renters | $42,938 | $3,578 | $1,002 | $1,288 |
| State | General Sales Tax | With Max Surtax |
| Illinois | 6.25% | 10.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Illinois | 4.95% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Rentchler, IL | 4 | 99 | 1.4% |
| Brooklyn, IL | 445 | 74 | 26.2% |
| East St. Louis, IL | 27,033 | 77 | 22.5% |
| Alorton, IL | 2,149 | 78 | 22.3% |
| East Carondelet, IL | 330 | 78 | 22.2% |
| Collinsville, IL | 25,068 | 92 | 7.5% |
| City | Population | Cost of Living Index | National Avg. |
| Ridgeland, MS | 25,070 | 99 | 1.3% |
| Farmington, UT | 25,076 | 130 | 29.6% |
| Marysville, OH | 25,078 | 100 | 0.1% |
| Palm River-Clair Mel, FL | 25,085 | 100 | 0.0% |
| Peekskill, NY | 25,021 | 124 | 23.7% |
| Collinsville, IL | 25,068 | 92 | 7.5% |
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