Mount Zion, IL Cost Of Living

Mount Zion 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	Mount Zion	Illinois	National
Cost of living index	87	99	100
Index	Mount Zion	Illinois	National
Goods & Services index	95	101	100
Groceries index	90	97	100
Health care index	88	101	100
Housing index	70	95	100
Transportation index	97	105	100
Utilities index	96	96	100

A general summary of the cost of living index in Mount Zion, IL is shown above. Compared to the state average of Illinois the cost of living index in Mount Zion, IL is 87, which is 12% lower than the average in Illinois and compared to the national average it is 13% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Mount Zion, IL goods and services come in at 7% lower than the average in Illinois and are 6% lower than compared to the nationwide average.

Did you know?

The cost of living in Mount Zion is 12% lower than the Illinois average.
The cost of living in Mount Zion is 13% lower than the national average.
The cost of housing in Mount Zion is 30% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Mount Zion, IL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Mount Zion, IL, then you would need to earn more income in order to maintain the same standard of living. To use the Mount Zion, IL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$84,896	$7,075	$1,981	$2,547
Renters	$34,702	$2,892	$810	$1,041

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Mount Zion, IL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Mount Zion, IL has a median income of about $84,896 for people who own homes. Based on that number, a person should spend a maximum of $1,981 on expenses related to housing. Renters have a slightly different median income, which is $34,702. Based on this average, renters should spend no more than $810 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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%

One thing to keep in mind when considering the cost of living in Mount Zion, IL is the Illinois sales tax and Illinois income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Illinois sales tax rate is 6.25% and the maximum surtax that can be charged is 10.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

Item	Mount Zion	National avg.	Difference
Haircut	$15.33	$16.09	4.7%
Beauty Salon	$30.89	$37.33	17.3%
Toothpaste	$2.00	$2.45	18.3%
Shampoo	$0.83	$1.00	17.4%
Movie	$9.32	$10.28	9.4%
Bowling	$4.38	$4.93	11.2%

Groceries

Item	Mount Zion	National avg.	Difference
Ground Beef	$3.21	$3.80	15.7%
Fried Chicken	$1.53	$1.40	9.5%
Milk	$1.25	$2.01	37.7%
Potatoes	$2.87	$3.01	4.8%
Pizza	$9.16	$9.89	7.4%
Beer	$8.42	$8.90	5.4%

Health Care

Item	Mount Zion	National avg.	Difference
Optometrist	$78.11	$102.16	23.5%
Doctor	$103.39	$108.36	4.6%
Dentist	$71.67	$92.53	22.5%
Ibuprofen	$8.21	$9.28	11.5%
Lipitor	$430.91	$425.82	1.2%

Housing

Item	Mount Zion	National avg.	Difference
Home Price	$134,600.00	$184,700.00	27.1%
Avg. Mortgage Payment	$992.13	$1,202.44	17.5%
Apartment Rent	$589.00	$949.00	37.9%

Transportation

Item	Mount Zion	National avg.	Difference
Gasoline	$2.22	$2.24	1.1%
Tire Balancing	$42.88	$46.29	7.4%

Utilities

Item	Mount Zion	National avg.	Difference
All Electricity	$171.82	$165.96	3.5%
Phone	$25.38	$28.68	11.5%

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.
LaPlace, IL	161	77	-23%
Boody, IL	259	79	-21%
Lovington, IL	1,098	79	-21%
Niantic, IL	530	80	-20%
Bethany, IL	1,275	80	-20%
Mount Zion, IL	5,894	87	-13%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Central City, KY	5,895	81	-19%
Marion, VA	5,891	87	-13%
North Hobbs, NM	5,899	94	-6%
Crafton, PA	5,899	92	-8%
Norwood, PA	5,900	106	6%
Mount Zion, IL	5,894	87	-13%

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

Mount Zion, IL Cost of Living