Midlothian, IL Cost Of Living

Midlothian cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Midlothian	Illinois	National
Cost of living index	104	99	100
Index	Midlothian	Illinois	National
Goods & Services index	115	101	100
Groceries index	108	97	100
Health care index	101	101	100
Housing index	89	95	100
Transportation index	127	105	100
Utilities index	90	96	100

The above illustration supplies generalized information for the Midlothian, IL cost of living index. Compared to other cities in Illinois and cities across the country, the cost of living index in Midlothian, IL is 104, which is 6% higher than the Illinois average and 4% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Midlothian, IL are 14% higher than the average for Illinois and 15% higher than the rest of the country.

Did you know?

The cost of living in Midlothian is 6% higher than the Illinois average.
The cost of living in Midlothian is 4% higher than the national average.
The cost of housing in Midlothian is 11% lower than the national average.
Illinois general sales tax is 23% higher than the national average.
Illinois state income tax is 69% 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

Use the salary calculator to compare your current income in Midlothian, 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 Midlothian, IL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Midlothian, 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

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$73,868	$6,156	$1,723	$2,216
Renters	$35,364	$2,947	$825	$1,061

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Midlothian, IL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Midlothian, IL has a median income of about $73,868 for people who own homes. Based on that number, a person should spend a maximum of $1,723 on expenses related to housing. Renters have a slightly different median income, which is $35,364. Based on this average, renters should spend no more than $825 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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	3.75%	3.75%

One thing to keep in mind when considering the cost of living in Midlothian, IL is the Illinois sales tax and Illinois income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Illinois sales tax rate is 6.25% and the maximum surtax that can be charged is 10.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

Item	Midlothian	National avg.	Difference
Haircut	$20.00	$16.09	24.3%
Beauty Salon	$69.87	$37.33	87.2%
Toothpaste	$2.80	$2.45	14.3%
Shampoo	$0.98	$1.00	1.7%
Movie	$13.72	$10.28	33.5%
Bowling	$8.00	$4.93	62.2%

Groceries

Item	Midlothian	National avg.	Difference
Ground Beef	$4.33	$3.80	13.8%
Fried Chicken	$1.28	$1.40	8.1%
Milk	$1.95	$2.01	2.9%
Potatoes	$3.79	$3.01	26.0%
Pizza	$9.99	$9.89	1.1%
Beer	$8.49	$8.90	4.6%

Health Care

Item	Midlothian	National avg.	Difference
Optometrist	$95.00	$102.16	7.0%
Doctor	$100.00	$108.36	7.7%
Dentist	$102.33	$92.53	10.6%
Ibuprofen	$9.87	$9.28	6.4%
Lipitor	$414.41	$425.82	2.7%

Housing

Item	Midlothian	National avg.	Difference
Home Price	$150,200.00	$184,700.00	18.7%
Avg. Mortgage Payment	$1,785.17	$1,202.44	48.5%
Apartment Rent	$1,016.00	$949.00	7.1%

Transportation

Item	Midlothian	National avg.	Difference
Gasoline	$2.93	$2.24	30.6%
Tire Balancing	$55.00	$46.29	18.8%

Utilities

Item	Midlothian	National avg.	Difference
All Electricity	$130.69	$165.96	21.3%
Phone	$29.99	$28.68	4.6%

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.
Hodgkins, IL	1,960	89	-11%
Dixmoor, IL	3,614	91	-9%
Ford Heights, IL	2,775	92	-8%
East Chicago, IN	28,961	92	-8%
Harvey, IL	25,625	94	-6%
Midlothian, IL	14,830	104	4%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Sun Lakes, AZ	14,828	108	8%
Corinth, MS	14,832	83	-17%
Johnson City, NY	14,835	86	-14%
Tenafly, NJ	14,821	197	97%
Whitewater, WI	14,840	99	-1%
Midlothian, IL	14,830	104	4%

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

Midlothian, IL Cost of Living