A+
12%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
39%
Housing NAT. AVG.
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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 Macomb Illinois National
Cost of living8896100
Goods & Services9697100
Groceries9598100
Health care10495100
Housing6195100
Transportation100103100
Utilities11389100

An Overview of Cost of Living in Macomb, IL

Knowing the cost of living in Macomb allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Macomb stands at 88, marking it 12% lower than the national average.

Is Macomb Affordable?

Wondering if Macomb is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Macomb, for example, the median home price is 46.5% lower than what folks pay nationally, and monthly rent is 22.3% lower than the usual rates. Plus, income levels matter too, with Macomb boasting a median household income of $34,467, which is 37.7% lower than the national average.

What Factors can Influence the Cost of Living in Macomb?

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Macomb, the transportation index is 0.4% lower than the national average.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.

Where is the Data From?

The cost of living in Macomb, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Macomb is 9% lower than the Illinois average
  • The cost of living in Macomb is 12% lower than the national average
  • Macomb housing is 39% lower than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 119% higher than the national average

Most Affordable Places to Live in and Around Macomb

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Compare Macomb, IL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$67,818$5,652$1,582$2,035
      Renters$20,047$1,671$468$601
      The affordability of the housing market in Macomb, IL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Macomb homeowners, the median income is $67,818. This indicates that a monthly maximum of $1,582 should be spent by homeowners on all housing related costs. Renters have a median income of $20,047. This indicates that renters would have a maximum of $468 for their rent related monthly costs.

      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 Macomb National avg. Difference
      Haircut $18.13$24.2625.3%
      Beauty Salon $28.00$45.5638.5%
      Toothpaste $3.84$3.703.8%
      Shampoo $1.30$1.281.3%
      Movie $9.83$12.1319.0%
      Bowling $11.95$18.0033.6%

      Groceries

      Item Macomb National avg. Difference
      Ground Beef $5.55$5.845.0%
      Fried Chicken $1.41$1.5710.6%
      Milk $4.72$4.671.0%
      Potatoes $4.74$4.934.0%
      Pizza $12.79$12.095.8%
      Beer $9.83$10.415.6%

      Health Care

      Item Macomb National avg. Difference
      Optometrist $120.50$125.684.1%
      Doctor $171.88$135.7826.6%
      Dentist $97.53$113.2913.9%
      Ibuprofen $10.43$10.652.1%
      Lipitor $506.88$468.608.2%

      Housing

      Item Macomb National avg. Difference
      Home Price $98,800.00$184,700.0046.5%
      Avg. Mortgage Payment $1,420.60$2,346.6939.5%
      Apartment Rent $737.00$949.0022.3%

      Transportation

      Item Macomb National avg. Difference
      Gasoline $3.37$3.462.5%
      Tire Balancing $62.78$59.924.8%

      Utilities

      Item Macomb National avg. Difference
      All Electricity $229.59$193.9918.3%
      Phone $200.45$192.254.3%
      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.
      Bardolph, IL2777525.2%
      Vermont, IL7387722.9%
      Avon, IL6908019.9%
      Plymouth, IL4418118.9%
      Table Grove, IL3638118.8%
      Macomb, IL17,6588812.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Bracebridge, ON17,648n/a 
      Kirksville, MO17,6458911.3%
      Bay City, TX17,6729010.3%
      Santa Fe Springs, CA17,64314847.8%
      Bryn Mawr-Skyway, WA17,64314444.0%
      Macomb, IL17,6588812.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.