Malta, Illinois Cost Of Living

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Overall 11%

Goods & Services 4%

Housing 30%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Malta	Illinois	National
Cost of living	89	98	100
Goods & Services	96	98	100
Groceries	94	97	100
Health care	105	100	100
Housing	70	95	100
Transportation	109	112	100
Utilities	90	97	100

Key findings

The cost of living in Malta is 10% lower than the Illinois average
The cost of living in Malta is 11% lower than the national average
Malta housing is 30% lower than the national average
Illinois general sales tax is 23% higher than the national average
Illinois state income tax is 101% 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	$65,789	$5,482	$1,535	$1,974
Renters	$26,250	$2,188	$612	$788

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	Malta	National avg.	Difference
Haircut	$16.10	$17.49	7.9%
Beauty Salon	$32.29	$38.17	15.4%
Toothpaste	$1.83	$2.32	21.2%
Shampoo	$1.03	$1.01	1.8%
Movie	$11.59	$10.72	8.1%
Bowling	$12.83	$13.86	7.4%

Groceries

Item	Malta	National avg.	Difference
Ground Beef	$3.91	$3.90	0.3%
Fried Chicken	$1.49	$1.40	6.8%
Milk	$1.84	$1.96	6.2%
Potatoes	$3.23	$3.18	1.5%
Pizza	$10.49	$10.39	0.9%
Beer	$8.01	$9.23	13.2%

Health Care

Item	Malta	National avg.	Difference
Optometrist	$70.14	$106.34	34.0%
Doctor	$151.00	$115.25	31.0%
Dentist	$96.67	$98.38	1.7%
Ibuprofen	$9.74	$9.26	5.2%
Lipitor	$472.83	$466.47	1.4%

Housing

Item	Malta	National avg.	Difference
Home Price	$126,500.00	$184,700.00	31.5%
Avg. Mortgage Payment	$833.50	$1,273.32	34.5%
Apartment Rent	$705.00	$949.00	25.7%

Transportation

Item	Malta	National avg.	Difference
Gasoline	$2.94	$2.59	13.6%
Tire Balancing	$51.17	$48.90	4.7%

Utilities

Item	Malta	National avg.	Difference
All Electricity	$131.21	$167.60	21.7%
Phone	$188.52	$163.42	15.4%

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.
Steward, IL	315	86	-14%
Lee, IL	358	87	-13%
Rochelle, IL	9,385	88	-12%
Creston, IL	720	90	-10%
Monroe Center, IL	463	90	-10%
Malta, IL	1,041	89	-11%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Ostrander, OH	1,041	94	-6%
Hayes, LA	1,041	77	-23%
Stratford, CA	1,041	102	2%
Ashton, ID	1,041	90	-10%
Nicollet, MN	1,040	94	-6%
Malta, IL	1,041	89	-11%

Source: The Malta, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Malta, IL Cost of Living

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