| Index | Morton | Illinois | National |
| Cost of living | 102 | 98 | 100 |
| Groceries | 97 | 100 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 105 | 95 | 100 |
| Transportation | 101 | 101 | 100 |
| Utilities | 103 | 99 | 100 |
| Lifestyle & Entertainment | 101 | 100 | 100 |
| Household Items | 100 | 100 | 100 |
| Education & Childcare | 101 | 100 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Morton? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Morton stands at 102, making it 2% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Morton closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Morton can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Is Morton an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Morton, the median home price is 11% higher than what most folks pay across the country, and monthly rent prices are 9% lower than the usual rates. Income levels in Morton come in at $119,358, which is 46.8% higher than the national average.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as 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 with fewer subsidy offerings might experience an elevation in their cost of living.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Morton, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 4.95%.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Morton, the utilities index is 3.2% higher than the national average.
The Morton cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical 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 | $138,256 | $11,521 | $3,226 | $4,148 |
| Renters | $76,333 | $6,361 | $1,781 | $2,290 |
| 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. |
| Mapleton, IL | 345 | 83 | 16.6% |
| Creve Coeur, IL | 5,261 | 85 | 15.3% |
| South Pekin, IL | 1,089 | 86 | 13.6% |
| Stanford, IL | 718 | 87 | 13.4% |
| Peoria Heights, IL | 6,052 | 87 | 12.5% |
| Morton, IL | 16,134 | 102 | 1.6% |
| City | Population | Cost of Living Index | National Avg. |
| Parlier, CA | 16,139 | 111 | 11.4% |
| Isla Vista, CA | 16,124 | 132 | 31.8% |
| Dixon, IL | 16,145 | 85 | 15.1% |
| Dentsville, SC | 16,145 | 93 | 7.1% |
| Springfield, MB | 16,146 | n/a | |
| Morton, IL | 16,134 | 102 | 1.6% |
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