| Index | Mokena | Illinois | National |
| Cost of living | 118 | 98 | 100 |
| Groceries | 102 | 100 | 100 |
| Health care | 100 | 100 | 100 |
| Housing | 159 | 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 Mokena 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 Mokena cost of living index is 118, which is 18% 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.
Housing costs make up a big chunk of the cost of living in Mokena, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 59.4% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Mokena affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Mokena, the median home price is 74.6% higher than the national average and monthly rent prices are 24% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Mokena boasting a median household income of $164,488, 102.2% higher than the national average.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Mokena, the groceries index is 2.2% higher than the national average.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Mokena, is 59.4% higher than the national average.
The Mokena 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.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $176,039 | $14,670 | $4,107 | $5,282 |
| Renters | $79,119 | $6,593 | $1,846 | $2,374 |
| 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. |
| Wilmington village, IL | 150 | 79 | 21.3% |
| Phoenix, IL | 1,450 | 85 | 14.6% |
| Dixmoor, IL | 3,663 | 87 | 12.6% |
| Harvey, IL | 24,931 | 87 | 13.2% |
| Hometown, IL | 4,350 | 89 | 11.2% |
| Mokena, IL | 21,535 | 118 | 18.4% |
| City | Population | Cost of Living Index | National Avg. |
| Mill Creek, WA | 21,532 | 162 | 61.6% |
| Kuna, ID | 21,530 | 111 | 11.4% |
| Clifton, CO | 21,554 | 103 | 2.5% |
| Lorton, VA | 21,505 | 145 | 44.6% |
| McNair, VA | 21,567 | 141 | 40.7% |
| Mokena, IL | 21,535 | 118 | 18.4% |
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