Countryside cost of living index

A general overview of the cost of living index for Countryside, IL is displayed above. In Countryside, IL, the overall cost of living index is 112, which is 14% higher than the Illinois average and 12% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Countryside, IL, the city's goods and services are 14% higher than the Illinois average and 15% higher than the U.S. average.

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Salary Calculator

The salary calculator is used in order to provide a comparison of your current salary in Countryside, IL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Countryside, IL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Countryside, IL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Countryside, IL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Countryside, IL has a median income of about $65,547 for people who own homes. Based on that number, a person should spend a maximum of $1,529 on expenses related to housing. Renters have a slightly different median income, which is $27,244. Based on this average, renters should spend no more than $636 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Illinois Sales Tax

Illinois Income Tax

When assessing the complete cost of living in Countryside, IL, the Illinois income tax and the Illinois sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Illinois maximum surtax is 10.25%, and the Illinois sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.75% to 3.75% in Illinois.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Countryside, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.