Cost Of Living in Herrick, IL

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A+

28%

Overall NAT. AVG.

18%

Goods & Services NAT. AVG.

63%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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	Herrick	Illinois	National
Cost of living	72	96	100
Goods & Services	82	97	100
Groceries	96	98	100
Health care	83	95	100
Housing	37	95	100
Transportation	94	103	100
Utilities	90	89	100

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Cost Of Living Quick Facts

The cost of living in Herrick is 25% lower than the Illinois average
The cost of living in Herrick is 28% lower than the national average
Herrick housing is 63% 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

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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	$51,250	$4,271	$1,196	$1,538
Renters	$45,500	$3,792	$1,062	$1,365

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	Herrick	National avg.	Difference
Haircut	$35.50	$24.26	46.3%
Beauty Salon	$44.28	$45.56	2.8%
Toothpaste	$3.85	$3.70	4.1%
Shampoo	$1.22	$1.28	4.6%
Movie	$14.03	$12.13	15.7%
Bowling	$15.58	$18.00	13.4%

Groceries

Item	Herrick	National avg.	Difference
Ground Beef	$5.86	$5.84	0.4%
Fried Chicken	$1.38	$1.57	12.0%
Milk	$4.69	$4.67	0.3%
Potatoes	$5.11	$4.93	3.6%
Pizza	$13.74	$12.09	13.7%
Beer	$10.08	$10.41	3.2%

Health Care

Item	Herrick	National avg.	Difference
Optometrist	$117.14	$125.68	6.8%
Doctor	$149.89	$135.78	10.4%
Dentist	$110.00	$113.29	2.9%
Ibuprofen	$10.40	$10.65	2.4%
Lipitor	$384.07	$468.60	18.0%

Housing

Item	Herrick	National avg.	Difference
Home Price	$52,900.00	$184,700.00	71.4%
Avg. Mortgage Payment	$1,861.33	$2,346.69	20.7%
Apartment Rent	$531.00	$949.00	44.0%

Transportation

Item	Herrick	National avg.	Difference
Gasoline	$4.03	$3.46	16.3%
Tire Balancing	$64.10	$59.92	7.0%

Utilities

Item	Herrick	National avg.	Difference
All Electricity	$126.60	$193.99	34.7%
Phone	$198.23	$192.25	3.1%

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	Population	Cost of Living Index	National Avg.
Bingham, IL	86	94	6.1%
Cowden, IL	538	72	28.3%
Tower Hill, IL	643	73	26.7%
Beecher City, IL	373	74	25.9%
Ramsey, IL	871	75	25.5%
Herrick, IL	367	72	27.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
California Pines, CA	367	90	10.3%
Gardner, FL	367	85	14.9%
Quimby, IA	367	75	25.5%
Estral Beach, MI	367	99	1.4%
Summersville, MO	367	74	25.9%
Herrick, IL	367	72	27.8%