A
2%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
19%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Edwardsville Illinois National
Cost of living10296100
Goods & Services9297100
Groceries9798100
Health care8995100
Housing11995100
Transportation94103100
Utilities10289100

An Overview of Cost of Living in Edwardsville, IL

The cost of living in Edwardsville affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Edwardsville is 102, which is 2% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

In Edwardsville, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Edwardsville will resemble that of an average city, contributing to a manageable cost of living.

What Do Locals Say About the Cost of Living in Edwardsville?

Nobody knows their city better than the people who actually live there. So, we asked 7 local residents how they would rate the cost of living in Edwardsville and this is how they responded. 14% of people said that the cost of living was affordable, with prices decreasing, while 86% of people said that the cost of living was very expensive and prices continue to rise.

Is Edwardsville Affordable?

Is Edwardsville affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Edwardsville, for instance, where the median home price falls 28.9% higher than the national average, and monthly rent rates are 3% lower than usual. Additionally, median income levels contribute to the equation, with Edwardsville flaunting a median household income of $75,271, 36.1% higher than the national norm.

What Factors can Influence the Cost of Living in Edwardsville?

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Edwardsville, the groceries index is 3.1% lower than the national average.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Edwardsville, the healthcare costs are 11.3% lower than the national average.

Where is the Data From?

The Edwardsville cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Edwardsville is 6% higher than the Illinois average
  • The cost of living in Edwardsville is 2% higher than the national average
  • Edwardsville housing is 19% higher than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Edwardsville

See all the best places to live around Edwardsville

Compare Edwardsville, IL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$110,361$9,197$2,575$3,311
      Renters$38,066$3,172$888$1,142
      The affordability of the housing market in Edwardsville, 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 Edwardsville homeowners, the median income is $110,361. This indicates that a monthly maximum of $2,575 should be spent by homeowners on all housing related costs. Renters have a median income of $38,066. This indicates that renters would have a maximum of $888 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 Edwardsville National avg. Difference
      Haircut $21.19$24.2612.7%
      Beauty Salon $40.57$45.5611.0%
      Toothpaste $3.75$3.701.3%
      Shampoo $1.11$1.2813.3%
      Movie $11.28$12.137.1%
      Bowling $16.92$18.006.0%

      Groceries

      Item Edwardsville National avg. Difference
      Ground Beef $6.40$5.849.7%
      Fried Chicken $1.36$1.5713.3%
      Milk $4.50$4.673.7%
      Potatoes $5.28$4.936.9%
      Pizza $10.84$12.0910.3%
      Beer $9.47$10.419.1%

      Health Care

      Item Edwardsville National avg. Difference
      Optometrist $125.72$125.680.0%
      Doctor $124.51$135.788.3%
      Dentist $100.78$113.2911.0%
      Ibuprofen $10.14$10.654.8%
      Lipitor $520.16$468.6011.0%

      Housing

      Item Edwardsville National avg. Difference
      Home Price $238,000.00$184,700.0028.9%
      Avg. Mortgage Payment $1,737.43$2,346.6926.0%
      Apartment Rent $921.00$949.003.0%

      Transportation

      Item Edwardsville National avg. Difference
      Gasoline $3.20$3.467.6%
      Tire Balancing $50.00$59.9216.6%

      Utilities

      Item Edwardsville National avg. Difference
      All Electricity $133.84$193.9931.0%
      Phone $188.69$192.251.9%
      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 Population Cost of Living Index National Avg.
      Brooklyn, IL4287327.0%
      East St. Louis, IL26,3597723.4%
      Washington Park, IL3,9097822.3%
      Madison, IL2,9417821.9%
      Venice, IL2,0407821.6%
      Edwardsville, IL25,3321021.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Dedham, MA25,33015655.6%
      Candiac, QC25,341n/a 
      Kingsville, TX25,3678713.4%
      Clinton, IA25,2908614.4%
      Mount Pleasant, MI25,2908911.3%
      Edwardsville, IL25,3321021.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.