Northfield, Illinois Cost Of Living

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F

Overall 58%

Goods & Services 9%

Housing 178%

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	Northfield	Illinois	National
Cost of living	158	98	100
Goods & Services	109	98	100
Groceries	104	97	100
Health care	100	100	100
Housing	278	95	100
Transportation	125	112	100
Utilities	93	97	100

Key findings

The cost of living in Northfield is 61% higher than the Illinois average
The cost of living in Northfield is 58% higher than the national average
Northfield housing is 178% higher 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	$135,162	$11,264	$3,154	$4,055
Renters	$59,444	$4,954	$1,387	$1,783

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Northfield, IL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Northfield homeowners, is $135,162. This would allow for a maximum of $3,154 per month to be spent on housing costs. For renters, the median monthly income is $59,444 which would result in a maximum of $1,387 to be spent on rental costs.

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	Northfield	National avg.	Difference
Haircut	$22.00	$17.49	25.8%
Beauty Salon	$69.77	$38.17	82.8%
Toothpaste	$2.69	$2.32	15.9%
Shampoo	$0.92	$1.01	9.1%
Movie	$14.86	$10.72	38.6%
Bowling	$19.00	$13.86	37.1%

Groceries

Item	Northfield	National avg.	Difference
Ground Beef	$4.07	$3.90	4.4%
Fried Chicken	$1.74	$1.40	24.7%
Milk	$2.09	$1.96	6.5%
Potatoes	$3.74	$3.18	17.5%
Pizza	$10.00	$10.39	3.8%
Beer	$8.14	$9.23	11.8%

Health Care

Item	Northfield	National avg.	Difference
Optometrist	$97.00	$106.34	8.8%
Doctor	$105.00	$115.25	8.9%
Dentist	$102.00	$98.38	3.7%
Ibuprofen	$9.95	$9.26	7.4%
Lipitor	$494.16	$466.47	5.9%

Housing

Item	Northfield	National avg.	Difference
Home Price	$597,900.00	$184,700.00	223.7%
Avg. Mortgage Payment	$1,857.61	$1,273.32	45.9%
Apartment Rent	$1,613.00	$949.00	70.0%

Transportation

Item	Northfield	National avg.	Difference
Gasoline	$3.42	$2.59	31.8%
Tire Balancing	$57.00	$48.90	16.6%

Utilities

Item	Northfield	National avg.	Difference
All Electricity	$131.81	$167.60	21.4%
Phone	$200.46	$163.42	22.7%

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, State	Population	Cost of Living Index	National Avg.
North Chicago, IL	30,023	98	-2%
Stone Park, IL	4,936	99	-1%
Northlake, IL	12,339	102	2%
Franklin Park, IL	18,290	102	2%
Melrose Park, IL	25,422	103	3%
Northfield, IL	5,374	158	58%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Bright, IN	5,375	96	-4%
Fairport, NY	5,372	99	-1%
New Castle, DE	5,372	113	13%
Bellingham, MA	5,376	127	27%
Highwood, IL	5,377	126	26%
Northfield, IL	5,374	158	58%

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

Northfield, IL Cost of Living

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