Newman, Illinois Cost Of Living

Buy Rent

A

Overall 22%

Goods & Services 11%

Housing 61%

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.
Index	Newman	Illinois	National
Cost of living	78	98	100
Goods & Services	89	98	100
Groceries	91	97	100
Health care	101	100	100
Housing	39	95	100
Transportation	105	112	100
Utilities	108	97	100

Key findings

The cost of living in Newman is 21% lower than the Illinois average
The cost of living in Newman is 22% lower than the national average
Newman housing is 61% 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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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$51,125	$4,260	$1,193	$1,534
Renters	$23,571	$1,964	$550	$707

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	4.95%	4.95%

Goods & Services

Item	Newman	National avg.	Difference
Haircut	$20.00	$17.49	14.4%
Beauty Salon	$44.33	$38.17	16.1%
Toothpaste	$2.16	$2.32	6.9%
Shampoo	$0.93	$1.01	8.1%
Movie	$10.00	$10.72	6.8%
Bowling	$14.33	$13.86	3.4%

Groceries

Item	Newman	National avg.	Difference
Ground Beef	$3.60	$3.90	7.7%
Fried Chicken	$1.24	$1.40	11.2%
Milk	$1.84	$1.96	6.2%
Potatoes	$3.22	$3.18	1.2%
Pizza	$12.58	$10.39	21.0%
Beer	$8.31	$9.23	10.0%

Health Care

Item	Newman	National avg.	Difference
Optometrist	$78.80	$106.34	25.9%
Doctor	$120.00	$115.25	4.1%
Dentist	$101.00	$98.38	2.7%
Ibuprofen	$9.76	$9.26	5.4%
Lipitor	$487.38	$466.47	4.5%

Housing

Item	Newman	National avg.	Difference
Home Price	$53,200.00	$184,700.00	71.2%
Avg. Mortgage Payment	$979.79	$1,273.32	23.1%
Apartment Rent	$582.00	$949.00	38.7%

Transportation

Item	Newman	National avg.	Difference
Gasoline	$2.86	$2.59	10.3%
Tire Balancing	$48.00	$48.90	1.8%

Utilities

Item	Newman	National avg.	Difference
All Electricity	$186.40	$167.60	11.2%
Phone	$188.52	$163.42	15.4%

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.
Longview, IL	137	73	-27%
Metcalf, IL	179	78	-22%
Redmon, IL	133	80	-20%
Sidell, IL	520	81	-19%
Brocton, IL	377	78	-22%
Newman, IL	830	78	-22%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Curtis, NE	830	78	-22%
Millerton, NY	830	109	9%
Wells, NY	830	97	-3%
Avon, NC	830	112	12%
Douglassville, PA	830	103	3%
Newman, IL	830	78	-22%

Source: The Newman, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Newman, IL Cost of Living