Harvey, Illinois Cost Of Living

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C+

Overall 8%

Goods & Services 14%

Housing 47%

Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Harvey	Illinois	National
Cost of living	92	97	100
Goods & Services	114	97	100
Groceries	107	96	100
Health care	99	99	100
Housing	53	95	100
Transportation	114	106	100
Utilities	93	94	100

Key findings

The cost of living in Harvey is 5% lower than the Illinois average
The cost of living in Harvey is 8% lower than the national average
Harvey housing is 47% lower than the national average
Illinois general sales tax is 23% higher than the national average
Illinois state income tax is 101% higher than the national average

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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$37,656	$3,138	$879	$1,130
Renters	$12,442	$1,037	$290	$373

A good way to judge both the affordability of the housing and the cost of living in Harvey 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. Harvey has a median income of about $37,656 for people who own homes. Based on that number, a maximum of $879 should be spent on expenses related to housing. Renters have a slightly different median income, which is $12,442. Based on this average, renters should spend no more than $290 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%

Goods & Services

Item	Harvey	National avg.	Difference
Haircut	$27.76	$18.62	49.0%
Beauty Salon	$65.57	$39.05	67.9%
Toothpaste	$2.46	$2.34	5.2%
Shampoo	$1.06	$1.06	0.3%
Movie	$14.85	$10.68	39.0%
Bowling	$15.76	$14.67	7.4%

Groceries

Item	Harvey	National avg.	Difference
Ground Beef	$4.87	$4.22	15.4%
Fried Chicken	$1.99	$1.39	43.4%
Milk	$2.42	$2.05	18.0%
Potatoes	$3.23	$3.29	1.8%
Pizza	$12.00	$10.62	13.0%
Beer	$8.61	$9.38	8.2%

Health Care

Item	Harvey	National avg.	Difference
Optometrist	$96.76	$108.57	10.9%
Doctor	$104.96	$116.17	9.6%
Dentist	$101.82	$99.13	2.7%
Ibuprofen	$10.12	$9.68	4.6%
Lipitor	$494.33	$466.92	5.9%

Housing

Item	Harvey	National avg.	Difference
Home Price	$72,700.00	$184,700.00	60.6%
Avg. Mortgage Payment	$1,769.43	$1,197.42	47.8%
Apartment Rent	$817.00	$949.00	13.9%

Transportation

Item	Harvey	National avg.	Difference
Gasoline	$2.51	$2.22	12.9%
Tire Balancing	$56.85	$50.07	13.5%

Utilities

Item	Harvey	National avg.	Difference
All Electricity	$131.89	$167.67	21.3%
Phone	$203.16	$175.64	15.7%

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.
Hodgkins, IL	1,960	88	-12%
Dixmoor, IL	3,614	89	-11%
Ford Heights, IL	2,775	91	-9%
East Chicago, IN	28,961	91	-9%
Hometown, IL	4,343	92	-8%
Harvey, IL	25,625	92	-8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Soledad, CA	25,616	111	11%
Hazelwood, MO	25,604	86	-14%
Homewood, AL	25,652	112	12%
Temple Terrace, FL	25,654	99	-1%
Lebanon, PA	25,654	89	-11%
Harvey, IL	25,625	92	-8%

Source: The Harvey, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.