| Index | Freeport | Illinois | National |
| Cost of living | 82 | 98 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 98 | 100 | 100 |
| Housing | 48 | 95 | 100 |
| Transportation | 100 | 101 | 100 |
| Utilities | 96 | 99 | 100 |
| Lifestyle & Entertainment | 94 | 100 | 100 |
| Household Items | 97 | 100 | 100 |
| Education & Childcare | 97 | 100 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Freeport? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Freeport stands at 82, making it 18% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing costs often consume a significant share of your take-home income, often surpassing 30%. Fortunately, Freeport distinguishes itself by reporting housing expenses that are 52.4% below the national average. This indicates that both owning a home and renting in this area are notably more budget-friendly compared to the rest of the nation. With such favorable housing affordability, residents of Freeport can allocate more of their income to housing, enhancing their financial flexibility.
Is Freeport an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Freeport is 61.8% lower than the national average, while the average monthly rent prices are 30.3% lower than average. The affordability of any location can also be influenced by median income levels. Freeport has a median household income of $60,434, which is 25.7% lower than the national average.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Freeport, the housing index is 52.4% lower than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Freeport, the groceries index is 2.5% lower than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Freeport, the general sales tax rate starts at 6.25%, and income tax rates begin at 4.95%.
The Freeport cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $76,575 | $6,381 | $1,787 | $2,297 |
| Renters | $38,257 | $3,188 | $893 | $1,148 |
| State | General Sales Tax | With Max Surtax |
| Illinois | 6.25% | 10.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Illinois | 4.95% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Adeline, IL | 101 | 80 | 20.5% |
| Winslow, IL | 332 | 84 | 16.2% |
| Leaf River, IL | 520 | 84 | 16.0% |
| Lanark, IL | 1,510 | 84 | 15.9% |
| Dakota, IL | 741 | 84 | 15.6% |
| Freeport, IL | 24,837 | 82 | 17.6% |
| City | Population | Cost of Living Index | National Avg. |
| Okemos, MI | 24,848 | 109 | 9.0% |
| Kalispell, MT | 24,848 | 107 | 6.9% |
| Somerset, NJ | 24,856 | 133 | 32.6% |
| Camas, WA | 24,814 | 140 | 40.3% |
| Sturgeon County, AB | 24,881 | n/a | |
| Freeport, IL | 24,837 | 82 | 17.6% |
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