A-
Overall 21%
Goods & Services 9%
Housing 57%
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.
IndexCowdenIllinoisNational
Cost of living7998100
Goods & Services9198100
Groceries9397100
Health care85100100
Housing4395100
Transportation99112100
Utilities10897100

Key findings

  • The cost of living in Cowden is 19% lower than the Illinois average
  • The cost of living in Cowden is 21% lower than the national average
  • Cowden housing is 57% 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 Cowden, IL Cost of Living

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$38,214$3,185$892$1,147
      Renters$18,571$1,548$433$557

      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

      ItemCowdenNational avg.Difference
      Haircut $19.66$17.4912.4%
      Beauty Salon $33.50$38.1712.2%
      Toothpaste $1.82$2.3221.6%
      Shampoo $0.89$1.0112.0%
      Movie $9.39$10.7212.4%
      Bowling $15.00$13.868.2%

      Groceries

      ItemCowdenNational avg.Difference
      Ground Beef $4.09$3.904.9%
      Fried Chicken $0.87$1.4037.7%
      Milk $0.89$1.9654.6%
      Potatoes $3.91$3.1822.8%
      Pizza $9.49$10.398.7%
      Beer $8.49$9.238.0%

      Health Care

      ItemCowdenNational avg.Difference
      Optometrist $77.00$106.3427.6%
      Doctor $102.00$115.2511.5%
      Dentist $72.67$98.3826.1%
      Ibuprofen $7.98$9.2613.8%
      Lipitor $511.31$466.479.6%

      Housing

      ItemCowdenNational avg.Difference
      Home Price $61,000.00$184,700.0067.0%
      Avg. Mortgage Payment $1,001.02$1,273.3221.4%
      Apartment Rent $628.00$949.0033.8%

      Transportation

      ItemCowdenNational avg.Difference
      Gasoline $2.86$2.5910.3%
      Tire Balancing $41.00$48.9016.1%

      Utilities

      ItemCowdenNational avg.Difference
      All Electricity$187.09$167.6011.6%
      Phone $188.52$163.4215.4%
      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, StatePopulationCost of Living IndexNational Avg.
      Herrick, IL35876-24%
      Shumway, IL17577-23%
      Tower Hill, IL59977-23%
      Beecher City, IL40978-22%
      Ramsey, IL1,37478-22%
      Cowden, IL53479-21%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Perrysville, IN53485-15%
      Thornton, TX53481-19%
      Mingoville, PA5341033%
      Birch Tree, MO53474-26%
      Herreid, SD53480-20%
      Cowden, IL53479-21%
      Source: The Cowden, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.