Downers Grove, Illinois Cost Of Living

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F

Overall 19%

Goods & Services 2%

Housing 63%

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	Downers Grove	Illinois	National
Cost of living	119	98	100
Goods & Services	98	98	100
Groceries	100	97	100
Health care	110	100	100
Housing	163	95	100
Transportation	117	112	100
Utilities	90	97	100

Key findings

The cost of living in Downers Grove is 21% higher than the Illinois average
The cost of living in Downers Grove is 19% higher than the national average
Downers Grove housing is 63% higher 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	$105,327	$8,777	$2,457	$3,160
Renters	$41,031	$3,419	$957	$1,231

The affordability of the housing market in Downers Grove, IL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Downers Grove homeowners, the median income is $105,327. This indicates that a monthly maximum of $2,457 should be spent by homeowners on all housing related costs. Renters have a median income of $41,031. This indicates that renters would have a maximum of $957 for their rent related monthly costs.

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	Downers Grove	National avg.	Difference
Haircut	$19.28	$17.49	10.2%
Beauty Salon	$39.33	$38.17	3.0%
Toothpaste	$3.16	$2.32	36.2%
Shampoo	$0.96	$1.01	5.1%
Movie	$10.54	$10.72	1.7%
Bowling	$15.50	$13.86	11.8%

Groceries

Item	Downers Grove	National avg.	Difference
Ground Beef	$3.96	$3.90	1.5%
Fried Chicken	$1.62	$1.40	16.1%
Milk	$2.16	$1.96	10.1%
Potatoes	$2.93	$3.18	7.9%
Pizza	$10.68	$10.39	2.8%
Beer	$8.26	$9.23	10.5%

Health Care

Item	Downers Grove	National avg.	Difference
Optometrist	$107.11	$106.34	0.7%
Doctor	$157.40	$115.25	36.6%
Dentist	$103.57	$98.38	5.3%
Ibuprofen	$8.97	$9.26	3.1%
Lipitor	$447.13	$466.47	4.1%

Housing

Item	Downers Grove	National avg.	Difference
Home Price	$331,600.00	$184,700.00	79.5%
Avg. Mortgage Payment	$1,188.17	$1,273.32	6.7%
Apartment Rent	$1,181.00	$949.00	24.4%

Transportation

Item	Downers Grove	National avg.	Difference
Gasoline	$3.10	$2.59	19.7%
Tire Balancing	$56.78	$48.90	16.1%

Utilities

Item	Downers Grove	National avg.	Difference
All Electricity	$131.81	$167.60	21.4%
Phone	$188.88	$163.42	15.6%

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.
Hodgkins, IL	1,960	87	-13%
Hometown, IL	4,343	91	-9%
Cicero, IL	83,972	98	-2%
Crestwood, IL	10,989	98	-2%
Bellwood, IL	19,146	98	-2%
Downers Grove, IL	49,555	119	19%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Wilson, NC	49,558	90	-10%
Logan, UT	49,539	92	-8%
Olympia, WA	49,608	114	14%
Florin, CA	49,486	108	8%
Galveston, TX	49,443	95	-5%
Downers Grove, IL	49,555	119	19%

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