Cost of Living in Eldorado, IL

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21%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
63%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Eldorado Illinois National
Cost of living7998100
Groceries97100100
Health care94100100
Housing3795100
Transportation97101100
Utilities9499100
Lifestyle & Entertainment99100100
Household Items99100100
Education & Childcare99100100
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Homes For Sale In Eldorado, IL

property for sale

1701 Locust St

Eldorado, IL
property for sale

1830 King St

Eldorado, IL
property for sale

607 Mundy St

Eldorado, IL
property for sale

1014 Beulah St

Eldorado, IL
See the Newest Homes For Sale In Eldorado, IL

Cost Of Living Quick Facts

  • The cost of living in Eldorado is 20% lower than the Illinois average
  • The cost of living in Eldorado is 21% lower than the national average
  • Eldorado housing is 63% lower 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 Eldorado

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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
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$64,591$5,383$1,507$1,938
      Renters$20,687$1,724$483$621
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Eldorado, IL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Eldorado homeowners, is $64,591. This would allow for a maximum of $1,507 per month to be spent on housing costs. For renters, the median monthly income is $20,687 which would result in a maximum of $483 to be spent on rental 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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Norris City, IL1,3567723.0%
      Omaha, IL2467722.5%
      Broughton, IL1197921.0%
      Shawneetown, IL1,3187920.6%
      Equality, IL4578020.1%
      Eldorado, IL4,1417920.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Kitimat-Stikine E, BC4,140n/a 
      Shackle Island, TN4,13911717.2%
      National Harbor, MD4,14312525.4%
      Elk Ridge, UT4,14313030.2%
      Shelburne, NS4,143n/a 
      Eldorado, IL4,1417920.9%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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