Gilberts, IL Cost Of Living

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Gilberts cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Gilberts	Illinois	National
Cost of living index	112	98	100
Index	Gilberts	Illinois	National
Goods & Services index	96	98	100
Groceries index	94	97	100
Health care index	105	100	100
Housing index	148	95	100
Transportation index	109	112	100
Utilities index	90	97	100

Displayed above is a general overview of the Gilberts, IL cost of living index. The overall cost of living index in Gilberts, IL is 112, which is 14% higher than the Illinois average and 12% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Gilberts, IL are 2% lower than the Illinois average and 4% lower than the national average.

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Did you know?

The cost of living in Gilberts is 14% higher than the Illinois average.
The cost of living in Gilberts is 12% higher than the national average.
The cost of housing in Gilberts is 48% higher than the national average.
Illinois general sales tax is 23% higher than the national average.
Illinois state income tax is 123% higher than the national average.

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Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator allows you to compare how much your current salary in Gilberts, IL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Gilberts, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Gilberts, IL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$123,936	$10,328	$2,892	$3,718
Renters	$86,296	$7,191	$2,013	$2,589

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Gilberts, IL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Gilberts, IL homeowners have a median income of $123,936. Using that number, you will come up with a maximum of $2,892 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $86,296, which means there is a maximum of $2,013 to be spent on the costs of renting a home or apartment.

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%

The Illinois sales tax and Illinois income tax rates should definitely be considered when determining the overall cost of living in Gilberts, IL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Illinois sales tax is 6.25% and the maximum surtax is 10.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Illinois income tax rates range from 4.95% to 4.95%.

Goods & Services

Item	Gilberts	National avg.	Difference
Haircut	$16.10	$17.49	7.9%
Beauty Salon	$32.29	$38.17	15.4%
Toothpaste	$1.83	$2.32	21.2%
Shampoo	$1.03	$1.01	1.8%
Movie	$11.59	$10.72	8.1%
Bowling	$12.83	$13.86	7.4%

Groceries

Item	Gilberts	National avg.	Difference
Ground Beef	$3.91	$3.90	0.3%
Fried Chicken	$1.49	$1.40	6.8%
Milk	$1.84	$1.96	6.2%
Potatoes	$3.23	$3.18	1.5%
Pizza	$10.49	$10.39	0.9%
Beer	$8.01	$9.23	13.2%

Health Care

Item	Gilberts	National avg.	Difference
Optometrist	$70.14	$106.34	34.0%
Doctor	$151.00	$115.25	31.0%
Dentist	$96.67	$98.38	1.7%
Ibuprofen	$9.74	$9.26	5.2%
Lipitor	$472.83	$466.47	1.4%

Housing

Item	Gilberts	National avg.	Difference
Home Price	$255,100.00	$184,700.00	38.1%
Avg. Mortgage Payment	$833.50	$1,273.32	34.5%
Apartment Rent	$1,639.00	$949.00	72.7%

Transportation

Item	Gilberts	National avg.	Difference
Gasoline	$2.94	$2.59	13.6%
Tire Balancing	$51.17	$48.90	4.7%

Utilities

Item	Gilberts	National avg.	Difference
All Electricity	$131.21	$167.60	21.7%
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.
Marengo, IL	8,081	93	-7%
Union, IL	484	94	-6%
Carpentersville, IL	38,275	102	2%
Pingree Grove, IL	5,983	96	-4%
Woodstock, IL	25,232	96	-4%
Gilberts, IL	7,479	112	12%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Palmyra, PA	7,481	96	-4%
Fairlawn, OH	7,477	98	-2%
Hood River, OR	7,476	128	28%
Monahans, TX	7,484	85	-15%
Aurora, MO	7,473	81	-19%
Gilberts, IL	7,479	112	12%

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

Gilberts, IL Cost of Living