Granite City cost of living index

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. 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. The breakdown for each index is as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexGranite CityIllinoisNational
Cost of living8398100
IndexGranite CityIllinoisNational
Goods & Services9198100
Groceries10597100
Health care92100100
Housing5295100
Transportation95112100
Utilities10197100

Key findings

  • The cost of living in Granite City is 16% lower than the Illinois average
  • The cost of living in Granite City is 17% lower than the national average
  • Granite City housing is 48% lower 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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Compare Granite City, IL Cost of Living To Other Cities

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      This is how much you would need to earn in
      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$59,048$4,921$1,378$1,772
      Renters$24,066$2,006$562$722
      A good indicator of the general affordability of housing in Granite City, IL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Granite City, the median monthly income is $59,048 for those who own their own homes. Under the standard rule, that income level would allow for $1,378 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $24,066, per the median income in the area. That would allow for renters to spend up to $562 on monthly rental expenses.

      Illinois Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Illinois6.25%10.25%

      Illinois Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Illinois4.95%4.95%

      Goods & Services

      ItemGranite CityNational avg.Difference
      Haircut $17.00$17.492.8%
      Beauty Salon $39.71$38.174.0%
      Toothpaste $2.32$2.320.0%
      Shampoo $1.06$1.014.8%
      Movie $9.83$10.728.3%
      Bowling $14.83$13.867.0%

      Groceries

      ItemGranite CityNational avg.Difference
      Ground Beef $4.01$3.902.8%
      Fried Chicken $1.67$1.4019.7%
      Milk $1.90$1.963.2%
      Potatoes $3.49$3.189.6%
      Pizza $9.96$10.394.2%
      Beer $9.26$9.230.3%

      Health Care

      ItemGranite CityNational avg.Difference
      Optometrist $78.67$106.3426.0%
      Doctor $71.67$115.2537.8%
      Dentist $102.57$98.384.3%
      Ibuprofen $11.32$9.2622.2%
      Lipitor $474.50$466.471.7%

      Housing

      ItemGranite CityNational avg.Difference
      Home Price $83,700.00$184,700.0054.7%
      Avg. Mortgage Payment $855.20$1,273.3232.8%
      Apartment Rent $642.00$949.0032.3%

      Transportation

      ItemGranite CityNational avg.Difference
      Gasoline $2.57$2.590.7%
      Tire Balancing $44.41$48.909.2%

      Utilities

      ItemGranite CityNational avg.Difference
      All Electricity$163.79$167.602.3%
      Phone $191.07$163.4216.9%
      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, StatePopulationCost of Living IndexNational Avg.
      Brooklyn, IL74075-25%
      Alorton, IL1,90877-23%
      Venice, IL1,89878-22%
      East St. Louis, IL26,73178-22%
      Centreville, IL5,12778-22%
      Granite City, IL29,66283-17%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Niles, IL29,62811414%
      Bay Shore, NY29,70413333%
      Sterling, VA29,59713131%
      San Carlos, CA29,596237137%
      Prairieville, LA29,7321066%
      Granite City, IL29,66283-17%
      Source: The Granite City, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.