Cornell, Illinois Cost Of Living

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Overall 11%

Goods & Services 7%

Housing 39%

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	Cornell	Illinois	National
Cost of living	89	98	100
Goods & Services	93	98	100
Groceries	110	97	100
Health care	108	100	100
Housing	61	95	100
Transportation	126	112	100
Utilities	90	97	100

Key findings

The cost of living in Cornell is 10% lower than the Illinois average
The cost of living in Cornell is 11% lower than the national average
Cornell housing is 39% lower 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	$53,000	$4,417	$1,237	$1,590
Renters	$21,250	$1,771	$496	$638

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	Cornell	National avg.	Difference
Haircut	$18.33	$17.49	4.8%
Beauty Salon	$32.33	$38.17	15.3%
Toothpaste	$2.24	$2.32	3.5%
Shampoo	$0.98	$1.01	3.2%
Movie	$7.75	$10.72	27.7%
Bowling	$13.33	$13.86	3.8%

Groceries

Item	Cornell	National avg.	Difference
Ground Beef	$3.69	$3.90	5.4%
Fried Chicken	$2.31	$1.40	65.5%
Milk	$1.96	$1.96	0.1%
Potatoes	$3.26	$3.18	2.4%
Pizza	$9.99	$10.39	3.9%
Beer	$8.16	$9.23	11.6%

Health Care

Item	Cornell	National avg.	Difference
Optometrist	$144.33	$106.34	35.7%
Doctor	$121.33	$115.25	5.3%
Dentist	$107.00	$98.38	8.8%
Ibuprofen	$8.79	$9.26	5.1%
Lipitor	$496.00	$466.47	6.3%

Housing

Item	Cornell	National avg.	Difference
Home Price	$77,200.00	$184,700.00	58.2%
Avg. Mortgage Payment	$950.82	$1,273.32	25.3%
Apartment Rent	$992.00	$949.00	4.5%

Transportation

Item	Cornell	National avg.	Difference
Gasoline	$3.25	$2.59	25.4%
Tire Balancing	$63.98	$48.90	30.9%

Utilities

Item	Cornell	National avg.	Difference
All Electricity	$131.81	$167.60	21.4%
Phone	$188.52	$163.42	15.4%

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.
Dana, IL	121	82	-18%
Long Point, IL	208	83	-17%
Leonore, IL	90	84	-16%
Streator, IL	13,163	85	-15%
Kinsman, IL	85	85	-15%
Cornell, IL	358	89	-11%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Corning, OH	358	78	-22%
Dublin, NC	358	88	-12%
Lee, IL	358	87	-13%
Union Valley, TX	358	108	8%
Grays Prairie, TX	358	96	-4%
Cornell, IL	358	89	-11%

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

Cornell, IL Cost of Living

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