Monee, Illinois Cost Of Living

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C+

Overall 5%

Goods & Services 2%

Housing 20%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Monee	Illinois	National
Cost of living	95	98	100
Goods & Services	98	98	100
Groceries	100	97	100
Health care	110	100	100
Housing	80	95	100
Transportation	117	112	100
Utilities	90	97	100

Key findings

The cost of living in Monee is 4% lower than the Illinois average
The cost of living in Monee is 5% lower than the national average
Monee housing is 20% lower than the national average
Illinois general sales tax is 23% higher than the national average
Illinois state income tax is 101% 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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$68,914	$5,743	$1,608	$2,068
Renters	$0	$0	$0	$0

The affordability of the housing market in Monee, IL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Monee homeowners, the median income is $68,914. This indicates that a monthly maximum of $1,608 should be spent by homeowners on all housing related costs. Renters have a median income of $0. This indicates that renters would have a maximum of $0 for their rent related monthly 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%

Goods & Services

Item	Monee	National avg.	Difference
Haircut	$19.28	$17.49	10.2%
Beauty Salon	$39.33	$38.17	3.0%
Toothpaste	$3.16	$2.32	36.2%
Shampoo	$0.96	$1.01	5.1%
Movie	$10.54	$10.72	1.7%
Bowling	$15.50	$13.86	11.8%

Groceries

Item	Monee	National avg.	Difference
Ground Beef	$3.96	$3.90	1.5%
Fried Chicken	$1.62	$1.40	16.1%
Milk	$2.16	$1.96	10.1%
Potatoes	$2.93	$3.18	7.9%
Pizza	$10.68	$10.39	2.8%
Beer	$8.26	$9.23	10.5%

Health Care

Item	Monee	National avg.	Difference
Optometrist	$107.11	$106.34	0.7%
Doctor	$157.40	$115.25	36.6%
Dentist	$103.57	$98.38	5.3%
Ibuprofen	$8.97	$9.26	3.1%
Lipitor	$447.13	$466.47	4.1%

Housing

Item	Monee	National avg.	Difference
Home Price	$148,100.00	$184,700.00	19.8%
Avg. Mortgage Payment	$1,188.17	$1,273.32	6.7%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Monee	National avg.	Difference
Gasoline	$3.10	$2.59	19.7%
Tire Balancing	$56.78	$48.90	16.1%

Utilities

Item	Monee	National avg.	Difference
All Electricity	$131.81	$167.60	21.4%
Phone	$188.88	$163.42	15.6%

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.
Dixmoor, IL	3,614	89	-11%
Ford Heights, IL	2,775	90	-10%
Harvey, IL	25,625	91	-9%
Phoenix, IL	2,042	92	-8%
Hammond, IN	78,349	93	-7%
Monee, IL	5,098	95	-5%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Milan, IL	5,097	86	-14%
Kalaheo, HI	5,099	185	85%
Rockport, MA	5,101	150	50%
Sumner, IL	5,094	79	-21%
Savannah, MO	5,103	90	-10%
Monee, IL	5,098	95	-5%

Source: The Monee, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Monee, IL Cost of Living