Cost of Living in Harvard, IL

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A+
6%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
20%
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 Harvard Illinois National
Cost of living9498100
Groceries101100100
Health care101100100
Housing8095100
Transportation100101100
Utilities9999100
Lifestyle & Entertainment99100100
Household Items102100100
Education & Childcare100100100
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Homes For Sale In Harvard, IL

property for sale

819 Casey Ln

Harvard, IL
property for sale

1404 Willow Ln

Harvard, IL
property for sale

311 Marengo Rd

Harvard, IL
property for sale

17519 Lincoln Rd

Harvard, IL
See the Newest Homes For Sale In Harvard, IL

Cost Of Living Quick Facts

  • The cost of living in Harvard is 4% lower than the Illinois average
  • The cost of living in Harvard is 6% lower than the national average
  • Harvard housing is 20% 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 Harvard

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Compare Harvard, IL Cost of Living

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      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$111,590$9,299$2,604$3,348
      Renters$57,580$4,798$1,343$1,728
      A good way to judge both the affordability of the housing and the cost of living in Harvard is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Harvard has a median income of about $111,590 for people who own homes. Based on that number, a maximum of $2,604 should be spent on expenses related to housing. Renters have a slightly different median income, which is $57,580. Based on this average, renters should spend no more than $1,343 on all rental costs if they want to maintain a non-impoverished standard of living.

      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.
      Garden Prairie, IL2718218.1%
      Capron, IL1,6898910.8%
      Belvidere, IL25,8318910.7%
      Lake Ivanhoe, WI408945.7%
      Clinton, WI2,042936.9%
      Harvard, IL9,547945.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sellersburg, IN9,547964.3%
      Tomah, WI9,547927.5%
      Eagle Point, OR9,54611717.5%
      Walnut Grove, WA9,54611514.9%
      Bay Minette, AL9,5458812.2%
      Harvard, IL9,547945.8%
      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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