| Index | Matteson | Illinois | National |
| Cost of living | 102 | 98 | 100 |
| Groceries | 102 | 100 | 100 |
| Health care | 100 | 100 | 100 |
| Housing | 105 | 95 | 100 |
| Transportation | 105 | 101 | 100 |
| Utilities | 102 | 99 | 100 |
| Lifestyle & Entertainment | 102 | 100 | 100 |
| Household Items | 98 | 100 | 100 |
| Education & Childcare | 94 | 100 | 100 |
Understanding the cost of living in Matteson can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Matteson cost of living index is 102, which is 2% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
The cost of living in Matteson aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Matteson residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Matteson affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Matteson, for instance, where the median home price falls 4.2% lower than the national average, and monthly rent rates are 27.7% higher than usual. Additionally, median income levels contribute to the equation, with Matteson flaunting a median household income of $125,744, 54.6% higher than the national norm.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Matteson, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 4.95%.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Matteson, the utilities index registers 2.1% higher 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.
The Matteson cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $140,975 | $11,748 | $3,289 | $4,230 |
| Renters | $46,516 | $3,876 | $1,085 | $1,396 |
| 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. |
| Ford Heights, IL | 2,801 | 83 | 16.6% |
| Phoenix, IL | 1,450 | 85 | 14.6% |
| Dixmoor, IL | 3,663 | 87 | 12.6% |
| Harvey, IL | 24,931 | 87 | 13.2% |
| Sauk Village, IL | 10,669 | 89 | 10.7% |
| Matteson, IL | 19,990 | 102 | 2.2% |
| City | Population | Cost of Living Index | National Avg. |
| Murray, KY | 19,988 | 93 | 7.2% |
| Affton, MO | 19,993 | 94 | 6.3% |
| Johnstown, PA | 19,980 | 79 | 21.3% |
| Evergreen Park, IL | 19,979 | 105 | 4.7% |
| Montrose, CO | 19,970 | 111 | 10.6% |
| Matteson, IL | 19,990 | 102 | 2.2% |
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