| Index | Godfrey | Illinois | National |
| Cost of living | 95 | 98 | 100 |
| Groceries | 99 | 100 | 100 |
| Health care | 93 | 100 | 100 |
| Housing | 91 | 95 | 100 |
| Transportation | 97 | 101 | 100 |
| Utilities | 96 | 99 | 100 |
| Lifestyle & Entertainment | 94 | 100 | 100 |
| Household Items | 97 | 100 | 100 |
| Education & Childcare | 96 | 100 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Godfrey? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Godfrey stands at 95, making it 5% 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.
In Godfrey, daily expenses such as food, housing, lifestyle expenses, 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 Godfrey will resemble that of an average city, contributing to a manageable cost of living.
Is Godfrey affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Godfrey, the median home price is 16.8% lower than the national average and monthly rent prices are 8.9% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Godfrey boasting a median household income of $110,636, 36% higher than the national average.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Godfrey, the groceries index is 1.5% lower than the national average.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Godfrey, the transportation index is 3.5% lower than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
The Godfrey cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional 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 | $121,186 | $10,099 | $2,827 | $3,636 |
| Renters | $65,886 | $5,491 | $1,537 | $1,977 |
| 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. |
| Champ, MO | 3 | 96 | 4.1% |
| Otterville, IL | 201 | 77 | 23.4% |
| Royal Lakes, IL | 292 | 78 | 22.2% |
| Kinloch, MO | 344 | 79 | 20.8% |
| Riverview, MO | 2,906 | 81 | 19.4% |
| Godfrey, IL | 17,898 | 95 | 5.4% |
| City | Population | Cost of Living Index | National Avg. |
| Coalinga, CA | 17,902 | 112 | 11.6% |
| Flowing Wells, AZ | 17,890 | 85 | 15.4% |
| Lindenwold, NJ | 17,906 | 102 | 2.0% |
| Wailuku, HI | 17,886 | 168 | 67.6% |
| Amesbury Town, MA | 17,916 | 131 | 30.9% |
| Godfrey, IL | 17,898 | 95 | 5.4% |
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