A-
Overall 20%
Goods & Services 5%
Housing 68%
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.
IndexNew CantonIllinoisNational
Cost of living8098100
Goods & Services10598100
Groceries9597100
Health care104100100
Housing3295100
Transportation102112100
Utilities8997100

Key findings

  • The cost of living in New Canton is 19% lower than the Illinois average
  • The cost of living in New Canton is 20% lower than the national average
  • New Canton housing is 68% 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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Compare New Canton, 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)
      Owners$40,833$3,403$953$1,225
      Renters$18,906$1,576$441$567

      Illinois Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Illinois6.25%10.25%

      Illinois Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Illinois4.95%4.95%

      Goods & Services

      ItemNew CantonNational avg.Difference
      Haircut $10.71$17.4938.7%
      Beauty Salon $32.39$38.1715.1%
      Toothpaste $2.21$2.324.8%
      Shampoo $0.89$1.0112.4%
      Movie $11.99$10.7211.8%
      Bowling $6.40$13.8653.9%

      Groceries

      ItemNew CantonNational avg.Difference
      Ground Beef $3.69$3.905.4%
      Fried Chicken $1.40$1.400.5%
      Milk $1.72$1.9612.5%
      Potatoes $2.86$3.1810.1%
      Pizza $12.73$10.3922.4%
      Beer $8.22$9.2310.9%

      Health Care

      ItemNew CantonNational avg.Difference
      Optometrist $74.00$106.3430.4%
      Doctor $133.89$115.2516.2%
      Dentist $89.33$98.389.2%
      Ibuprofen $9.21$9.260.6%
      Lipitor $431.02$466.477.6%

      Housing

      ItemNew CantonNational avg.Difference
      Home Price $44,600.00$184,700.0075.9%
      Avg. Mortgage Payment $998.55$1,273.3221.6%
      Apartment Rent $483.00$949.0049.1%

      Transportation

      ItemNew CantonNational avg.Difference
      Gasoline $2.25$2.5913.2%
      Tire Balancing $48.87$48.900.1%

      Utilities

      ItemNew CantonNational avg.Difference
      All Electricity$159.87$167.604.6%
      Phone $23.34$163.4285.7%
      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.
      Ashburn, MO3399-1%
      Baylis, IL19078-22%
      El Dara, IL5779-21%
      Pleasant Hill, IL1,21777-23%
      Hull, IL47876-24%
      New Canton, IL35680-20%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Cedar Fort, UT3561033%
      Callao, MO35676-24%
      West Harrison, IN35684-16%
      Pakala Village, HI35611313%
      Bethania, NC35697-3%
      New Canton, IL35680-20%
      Source: The New Canton, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.