Effingham, Illinois Cost Of Living

Buy Rent

B

Overall 14%

Goods & Services 9%

Housing 36%

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	Effingham	Illinois	National
Cost of living	86	98	100
Goods & Services	91	98	100
Groceries	93	97	100
Health care	85	100	100
Housing	64	95	100
Transportation	99	112	100
Utilities	108	97	100

Key findings

The cost of living in Effingham is 13% lower than the Illinois average
The cost of living in Effingham is 14% lower than the national average
Effingham housing is 36% lower 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	$58,057	$4,838	$1,355	$1,742
Renters	$30,983	$2,582	$723	$930

To approximate the cost of living and the housing affordability in Effingham, IL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Effingham have a median income of $58,057. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,355 per month to avoid calamity and poverty. The renters in the city have an income of about $30,983, which would make their monthly maximum allowable rental costs $723.

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	Effingham	National avg.	Difference
Haircut	$19.66	$17.49	12.4%
Beauty Salon	$33.50	$38.17	12.2%
Toothpaste	$1.82	$2.32	21.6%
Shampoo	$0.89	$1.01	12.0%
Movie	$9.39	$10.72	12.4%
Bowling	$15.00	$13.86	8.2%

Groceries

Item	Effingham	National avg.	Difference
Ground Beef	$4.09	$3.90	4.9%
Fried Chicken	$0.87	$1.40	37.7%
Milk	$0.89	$1.96	54.6%
Potatoes	$3.91	$3.18	22.8%
Pizza	$9.49	$10.39	8.7%
Beer	$8.49	$9.23	8.0%

Health Care

Item	Effingham	National avg.	Difference
Optometrist	$77.00	$106.34	27.6%
Doctor	$102.00	$115.25	11.5%
Dentist	$72.67	$98.38	26.1%
Ibuprofen	$7.98	$9.26	13.8%
Lipitor	$511.31	$466.47	9.6%

Housing

Item	Effingham	National avg.	Difference
Home Price	$123,500.00	$184,700.00	33.1%
Avg. Mortgage Payment	$1,001.02	$1,273.32	21.4%
Apartment Rent	$557.00	$949.00	41.3%

Transportation

Item	Effingham	National avg.	Difference
Gasoline	$2.86	$2.59	10.3%
Tire Balancing	$41.00	$48.90	16.1%

Utilities

Item	Effingham	National avg.	Difference
All Electricity	$187.09	$167.60	11.6%
Phone	$188.52	$163.42	15.4%

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, State	Population	Cost of Living Index	National Avg.
Wheeler, IL	131	76	-24%
Shumway, IL	175	77	-23%
Beecher City, IL	409	78	-22%
Mason, IL	352	78	-22%
Edgewood, IL	494	78	-22%
Effingham, IL	12,650	86	-14%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Moss Bluff, LA	12,654	92	-8%
Goldenrod, FL	12,659	94	-6%
Loveland, OH	12,641	97	-3%
Lincolnwood, IL	12,637	135	35%
Carnot-Moon, PA	12,664	99	-1%
Effingham, IL	12,650	86	-14%

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

Effingham, IL Cost of Living

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