Cost of Living in Marengo, IL

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3%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
11%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Marengo Illinois National
Cost of living9798100
Groceries101100100
Health care101100100
Housing8995100
Transportation100101100
Utilities9999100
Lifestyle & Entertainment99100100
Household Items102100100
Education & Childcare100100100
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Homes For Sale In Marengo, IL

property for sale

439 W Grant Hwy

Marengo, IL
property for sale

633 Mohawk Trl

Marengo, IL
property for sale

18312 Loretta Dr

Marengo, IL
property for sale

8915 Wildrose Ln

Marengo, IL
See the Newest Homes For Sale In Marengo, IL

Cost Of Living Quick Facts

  • The cost of living in Marengo is 1% lower than the Illinois average
  • The cost of living in Marengo is 3% lower than the national average
  • Marengo housing is 11% lower than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

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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
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$130,538$10,878$3,046$3,917
      Renters$47,245$3,937$1,102$1,417
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Marengo, IL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Marengo homeowners, is $130,538. This would allow for a maximum of $3,046 per month to be spent on housing costs. For renters, the median monthly income is $47,245 which would result in a maximum of $1,102 to be spent on rental 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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Garden Prairie, IL2718218.1%
      Capron, IL1,6898910.8%
      Belvidere, IL25,8318910.7%
      Harvard, IL9,547945.8%
      Kirkland, IL1,555973.5%
      Marengo, IL8,096973.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      McGregor, FL8,09512323.0%
      Grand Blanc, MI8,098955.1%
      St. Marys, ON8,093n/a 
      Marion, NC8,0998812.4%
      Floresville, TX8,092964.1%
      Marengo, IL8,096973.1%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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