Lake Summerset, IL Cost Of Living

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.
Index	Lake Summerset	Illinois	National
Cost of living index	92	99	100
Index	Lake Summerset	Illinois	National
Goods & Services index	95	101	100
Groceries index	93	97	100
Health care index	110	101	100
Housing index	84	95	100
Transportation index	105	105	100
Utilities index	80	96	100

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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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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	$65,469	$5,456	$1,528	$1,964
Renters	$0	$0	$0	$0

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	3.75%	3.75%

Goods & Services

Item	Lake Summerset	National avg.	Difference
Haircut	$14.57	$16.09	9.4%
Beauty Salon	$30.09	$37.33	19.4%
Toothpaste	$1.87	$2.45	23.7%
Shampoo	$0.95	$1.00	5.4%
Movie	$10.86	$10.28	5.6%
Bowling	$4.00	$4.93	18.9%

Groceries

Item	Lake Summerset	National avg.	Difference
Ground Beef	$3.29	$3.80	13.6%
Fried Chicken	$1.48	$1.40	6.0%
Milk	$2.08	$2.01	3.8%
Potatoes	$2.98	$3.01	1.0%
Pizza	$9.00	$9.89	9.0%
Beer	$7.97	$8.90	10.5%

Health Care

Item	Lake Summerset	National avg.	Difference
Optometrist	$74.35	$102.16	27.2%
Doctor	$138.85	$108.36	28.1%
Dentist	$98.89	$92.53	6.9%
Ibuprofen	$9.81	$9.28	5.8%
Lipitor	$435.08	$425.82	2.2%

Housing

Item	Lake Summerset	National avg.	Difference
Home Price	$145,300.00	$184,700.00	21.3%
Avg. Mortgage Payment	$860.21	$1,202.44	28.5%
Apartment Rent	$930.00	$949.00	2.0%

Transportation

Item	Lake Summerset	National avg.	Difference
Gasoline	$2.27	$2.24	1.2%
Tire Balancing	$52.96	$46.29	14.4%

Utilities

Item	Lake Summerset	National avg.	Difference
All Electricity	$130.30	$165.96	21.5%
Phone	$23.50	$28.68	18.1%

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, State	Population	Cost of Living Index	National Avg.
Ridott, IL	173	80	-20%
Freeport, IL	24,784	81	-19%
Juda, WI	289	82	-18%
Hanover, WI	177	82	-18%
Dakota, IL	498	82	-18%
Lake Summerset, IL	1,943	92	-8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Collinsville, AL	1,943	80	-20%
Hanscom AFB, MA	1,943	167	67%
Tremont, IL	1,942	96	-4%
Ridgeville, SC	1,944	93	-7%
Brockway, PA	1,945	89	-11%
Lake Summerset, IL	1,943	92	-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.

Lake Summerset, IL Cost of Living