Monee, IL Cost Of Living

Monee 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	Monee	Illinois	National
Cost of living index	93	99	100
Index	Monee	Illinois	National
Goods & Services index	96	101	100
Groceries index	102	97	100
Health care index	109	101	100
Housing index	80	95	100
Transportation index	111	105	100
Utilities index	84	96	100

Displayed above is a general overview of the Monee, IL cost of living index. The overall cost of living index in Monee, IL is 93, which is 6% lower than the Illinois average and 7% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Monee, IL are 5% lower than the Illinois average and 4% lower than the national average.

Did you know?

The cost of living in Monee is 6% lower than the Illinois average.
The cost of living in Monee is 7% lower than the national average.
The cost of housing in Monee is 20% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is meant to help you compare your salary in Monee, IL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Monee, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Monee, IL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

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 indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Monee, IL 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 should have a maximum of $0 used 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	3.75%	3.75%

When considering the overall cost of living expenses in Monee, 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

Item	Monee	National avg.	Difference
Haircut	$17.59	$16.09	9.3%
Beauty Salon	$36.33	$37.33	2.7%
Toothpaste	$3.19	$2.45	30.3%
Shampoo	$0.98	$1.00	2.1%
Movie	$9.91	$10.28	3.6%
Bowling	$3.81	$4.93	22.8%

Groceries

Item	Monee	National avg.	Difference
Ground Beef	$4.04	$3.80	6.2%
Fried Chicken	$1.77	$1.40	26.7%
Milk	$2.41	$2.01	20.0%
Potatoes	$2.84	$3.01	5.7%
Pizza	$9.86	$9.89	0.3%
Beer	$8.51	$8.90	4.4%

Health Care

Item	Monee	National avg.	Difference
Optometrist	$102.46	$102.16	0.3%
Doctor	$145.88	$108.36	34.6%
Dentist	$91.90	$92.53	0.7%
Ibuprofen	$9.16	$9.28	1.3%
Lipitor	$401.68	$425.82	5.7%

Housing

Item	Monee	National avg.	Difference
Home Price	$148,100.00	$184,700.00	19.8%
Avg. Mortgage Payment	$1,081.39	$1,202.44	10.1%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Monee	National avg.	Difference
Gasoline	$2.38	$2.24	6.1%
Tire Balancing	$56.83	$46.29	22.8%

Utilities

Item	Monee	National avg.	Difference
All Electricity	$130.84	$165.96	21.2%
Phone	$25.99	$28.68	9.4%

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	91	-9%
Ford Heights, IL	2,775	92	-8%
Harvey, IL	25,625	94	-6%
Phoenix, IL	2,042	94	-6%
Hammond, IN	78,349	96	-4%
Monee, IL	5,098	93	-7%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Milan, IL	5,097	88	-12%
Kalaheo, HI	5,099	186	86%
Rockport, MA	5,101	153	53%
Sumner, IL	5,094	75	-25%
Dos Palos, CA	5,103	94	-6%
Monee, IL	5,098	93	-7%

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

Monee, IL Cost of Living