| Index | Machesney Park | Illinois | National |
| Cost of living | 92 | 98 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 98 | 100 | 100 |
| Housing | 79 | 95 | 100 |
| Transportation | 100 | 101 | 100 |
| Utilities | 96 | 99 | 100 |
| Lifestyle & Entertainment | 94 | 100 | 100 |
| Household Items | 97 | 100 | 100 |
| Education & Childcare | 97 | 100 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Machesney Park? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Machesney Park stands at 92, making it 8% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Machesney Park are priced in a manner consistent with other areas. This means that residents of Machesney Park can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Machesney Park an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Machesney Park, the median home price is 31.2% lower than what most folks pay across the country, and monthly rent prices are 3.5% higher than the usual rates. Income levels in Machesney Park come in at $97,031, which is 19.3% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Machesney Park, the healthcare costs are 2.5% lower than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Machesney Park, the groceries index is 2.5% lower than the national average.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Machesney Park, the housing index stands at 20.8% lower than the national average.
The cost of living estimates displayed for Machesney Park are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $111,648 | $9,304 | $2,605 | $3,350 |
| Renters | $79,142 | $6,595 | $1,847 | $2,374 |
| State | General Sales Tax | With Max Surtax |
| Illinois | 6.25% | 10.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Illinois | 4.95% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Rockford, IL | 151,169 | 87 | 13.5% |
| Beloit, WI | 37,938 | 87 | 12.7% |
| Capron, IL | 1,689 | 89 | 10.8% |
| Belvidere, IL | 25,831 | 89 | 10.7% |
| South Beloit, IL | 7,924 | 90 | 10.0% |
| Machesney Park, IL | 23,320 | 92 | 8.1% |
| City | Population | Cost of Living Index | National Avg. |
| Duncan, OK | 23,311 | 87 | 13.4% |
| Roselle, IL | 23,298 | 114 | 14.5% |
| Allison Park, PA | 23,344 | 110 | 10.3% |
| Lennox, CA | 23,290 | 150 | 50.3% |
| Griffin, GA | 23,351 | 91 | 8.5% |
| Machesney Park, IL | 23,320 | 92 | 8.1% |
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