Mascoutah cost of living index

Here we can see a simple outline of the cost of living in Mascoutah, IL. As you can see, with the average cost of living in Mascoutah, IL being 95, that puts it 4% lower than the average of Illinois and 5% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Mascoutah, IL, the price of goods and services are 10% lower than the average of Illinois as well as 9% lower than the nation's average.

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Salary Calculator

Use the salary calculator to compare your current income in Mascoutah, IL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Mascoutah, IL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mascoutah, IL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Mascoutah, IL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Mascoutah, IL homeowners have a median income of $86,530. Using that number, you will come up with a maximum of $2,019 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $41,016, which means there is a maximum of $957 to be spent on the costs of renting a home or apartment.

Illinois Sales Tax

Illinois Income Tax

When considering the overall cost of living expenses in Mascoutah, IL, it's important to take into account the sales tax for Illinois, as well as the rate for income tax in Illinois. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Illinois is 10.25%, and the sales tax in the state of Illinois is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Illinois starts from 3.75% and goes up to 3.75%.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Mascoutah, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.