Du Quoin cost of living index

An overview of the general cost of living index for Du Quoin, IL is displayed above for your reference. Residents in Du Quoin, IL enjoy a cost of living index of 81. This index is 18% lower than the Illinois average, and 19% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Du Quoin, IL, the average cost of goods and services is 10% lower than it is in Illinois, and it is 9% lower than the national average.

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Salary Calculator

Using the salary calculator lets you compare the salary you earn in Du Quoin, IL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Du Quoin, IL, you have to earn a higher income in order to still have the same standard of living. To operate the Du Quoin, IL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

If you want to find a good determining factor for the cost of living and the general affordability of housing in Du Quoin, IL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Du Quoin, IL, the median monthly income is $48,112 for those who own their own homes. Under the standard rule, that income level would allow for $1,123 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $16,629, per the median income in the area. That would allow for renters to spend up to $388 on monthly rental expenses.

Illinois Sales Tax

Illinois Income Tax

When considering the overall cost of living expenses in Du Quoin, IL, it's important to take into account the sales tax for Illinois, as well as the rate for income tax in Illinois. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Illinois is 10.25%, and the sales tax in the state of Illinois is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Illinois starts from 3.75% and goes up to 3.75%.

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 Du Quoin, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.