Cost of Living in Hanover, IL

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18%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
51%
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 Hanover Illinois National
Cost of living8298100
Groceries98100100
Health care96100100
Housing4995100
Transportation96101100
Utilities9399100
Lifestyle & Entertainment97100100
Household Items97100100
Education & Childcare89100100
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Homes For Sale In Hanover, IL

property for sale

10198 S Crazy Hollow Rd

Hanover, IL
property for sale

203 Monroe St

Hanover, IL
property for sale

2287 W Hanover Rd

Hanover, IL
property for sale

6163 S Blanding Rd

Hanover, IL

Cost Of Living Quick Facts

  • The cost of living in Hanover is 17% lower than the Illinois average
  • The cost of living in Hanover is 18% lower than the national average
  • Hanover housing is 51% 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 Hanover

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Compare Hanover, IL Cost of Living

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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$78,606$6,551$1,834$2,358
      Renters$36,300$3,025$847$1,089

      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.
      Savanna, IL3,0288019.8%
      Spragueville, IA1158118.7%
      Springbrook, IA1338217.7%
      Stockton, IL1,7008317.5%
      Elizabeth, IL9288416.3%
      Hanover, IL7378218.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Stillmore, GA7378118.6%
      Jackson Heights, NC737990.9%
      Glen Ullin, ND7378614.3%
      Chazy, NY737973.4%
      Dunkirk, OH7378217.8%
      Hanover, IL7378218.4%
      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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