Lake Summerset cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each 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.
IndexLake SummersetIllinoisNational
Cost of living index9299100
IndexLake SummersetIllinoisNational
Goods & Services index95101100
Groceries index9397100
Health care index110101100
Housing index8495100
Transportation index105105100
Utilities index8096100
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Did you know?

  • The cost of living in Lake Summerset is 7% lower than the Illinois average.
  • The cost of living in Lake Summerset is 8% lower than the national average.
  • The cost of housing in Lake Summerset is 16% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Compare Lake Summerset, IL Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$65,469$5,456$1,528$1,964
Renters$0$0$0$0

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%10.25%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%

Goods & Services

ItemLake SummersetNational avg.Difference
Haircut $14.57$16.099.4%
Beauty Salon $30.09$37.3319.4%
Toothpaste $1.87$2.4523.7%
Shampoo $0.95$1.005.4%
Movie $10.86$10.285.6%
Bowling $4.00$4.9318.9%

Groceries

ItemLake SummersetNational avg.Difference
Ground Beef $3.29$3.8013.6%
Fried Chicken $1.48$1.406.0%
Milk $2.08$2.013.8%
Potatoes $2.98$3.011.0%
Pizza $9.00$9.899.0%
Beer $7.97$8.9010.5%

Health Care

ItemLake SummersetNational avg.Difference
Optometrist $74.35$102.1627.2%
Doctor $138.85$108.3628.1%
Dentist $98.89$92.536.9%
Ibuprofen $9.81$9.285.8%
Lipitor $435.08$425.822.2%

Housing

ItemLake SummersetNational avg.Difference
Home Price $145,300.00$184,700.0021.3%
Avg. Mortgage Payment $860.21$1,202.4428.5%
Apartment Rent $930.00$949.002.0%

Transportation

ItemLake SummersetNational avg.Difference
Gasoline $2.27$2.241.2%
Tire Balancing $52.96$46.2914.4%

Utilities

ItemLake SummersetNational avg.Difference
All Electricity$130.30$165.9621.5%
Phone $23.50$28.6818.1%
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, StatePopulationCost of Living IndexNational Avg.
Ridott, IL17380-20%
Freeport, IL24,78481-19%
Juda, WI28982-18%
Hanover, WI17782-18%
Dakota, IL49882-18%
Lake Summerset, IL1,94392-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Collinsville, AL1,94380-20%
Hanscom AFB, MA1,94316767%
Tremont, IL1,94296-4%
Ridgeville, SC1,94493-7%
New London, IA1,94580-20%
Lake Summerset, IL1,94392-8%
Source: The Lake Summerset, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.