Overall 14%
Goods & Services 6%
Housing 45%
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.
Cost of living8698100
Goods & Services9498100
Health care103100100

Key findings

  • The cost of living in Morrison is 12% lower than the Illinois average
  • The cost of living in Morrison is 14% lower than the national average
  • Morrison housing is 45% 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

Most Affordable Places to Live in and Around Morrison

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Compare Morrison, IL Cost of Living

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      To approximate the cost of living and the housing affordability in Morrison, IL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Morrison have a median income of $49,554. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,156 per month to avoid calamity and poverty. The renters in the city have an income of about $27,438, which would make their monthly maximum allowable rental costs $640.

      Illinois Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Illinois Income Tax

      StateIncome Tax (Low)Income Tax (High)

      Goods & Services

      ItemMorrisonNational avg.Difference
      Haircut $12.67$17.4927.6%
      Beauty Salon $31.75$38.1716.8%
      Toothpaste $3.09$2.3233.1%
      Shampoo $0.95$1.016.1%
      Movie $10.72$10.720.0%
      Bowling $13.33$13.863.8%


      ItemMorrisonNational avg.Difference
      Ground Beef $3.27$3.9016.2%
      Fried Chicken $1.69$1.4021.1%
      Milk $2.52$1.9628.4%
      Potatoes $2.64$3.1817.1%
      Pizza $12.95$10.3924.6%
      Beer $8.99$9.232.6%

      Health Care

      ItemMorrisonNational avg.Difference
      Optometrist $87.50$106.3417.7%
      Doctor $130.50$115.2513.2%
      Dentist $97.50$98.380.9%
      Ibuprofen $8.49$9.268.3%
      Lipitor $515.99$466.4710.6%


      ItemMorrisonNational avg.Difference
      Home Price $91,900.00$184,700.0050.2%
      Avg. Mortgage Payment $950.53$1,273.3225.4%
      Apartment Rent $635.00$949.0033.1%


      ItemMorrisonNational avg.Difference
      Gasoline $2.67$2.592.9%
      Tire Balancing $65.32$48.9033.6%


      ItemMorrisonNational avg.Difference
      All Electricity$159.75$167.604.7%
      Phone $188.52$163.4215.4%
      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, StatePopulationCost of Living IndexNational Avg.
      Deer Grove, IL3999-1%
      Chadwick, IL58181-19%
      Rock Falls, IL9,10483-17%
      Milledgeville, IL1,05283-17%
      Sterling, IL15,07183-17%
      Morrison, IL3,99286-14%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Fort Pierce South, FL3,99291-9%
      McGehee, AR3,99176-24%
      Skyline View, PA3,9931066%
      Washington, GA3,99482-18%
      Chelan, WA3,9891099%
      Morrison, IL3,99286-14%
      Source: The Morrison, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.