Penfield, Illinois Cost Of Living

A+

19%

Overall NAT. AVG.

7%

Goods & Services NAT. AVG.

47%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Penfield	Illinois	National
Cost of living	81	97	100
Goods & Services	93	96	100
Groceries	91	97	100
Health care	103	98	100
Housing	53	95	100
Transportation	84	104	100
Utilities	100	96	100

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Cost Of Living Quick Facts

The cost of living in Penfield is 16% lower than the Illinois average
The cost of living in Penfield is 19% lower than the national average
Penfield housing is 47% lower than the national average
Illinois general sales tax is 22% higher than the national average
Illinois state income tax is 119% 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	$53,750	$4,479	$1,254	$1,613
Renters	$43,750	$3,646	$1,021	$1,313

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	Penfield	National avg.	Difference
Haircut	$13.17	$20.27	35.1%
Beauty Salon	$30.00	$40.39	25.7%
Toothpaste	$1.79	$2.36	24.0%
Shampoo	$0.95	$1.08	11.4%
Movie	$11.00	$10.99	0.1%
Bowling	$10.49	$15.49	32.3%

Groceries

Item	Penfield	National avg.	Difference
Ground Beef	$4.11	$4.30	4.4%
Fried Chicken	$1.06	$1.40	24.0%
Milk	$1.76	$2.20	20.3%
Potatoes	$4.39	$3.22	36.5%
Pizza	$11.66	$10.74	8.5%
Beer	$11.32	$9.60	17.9%

Health Care

Item	Penfield	National avg.	Difference
Optometrist	$108.33	$109.73	1.3%
Doctor	$100.56	$118.34	15.0%
Dentist	$122.83	$100.94	21.7%
Ibuprofen	$9.63	$9.93	3.0%
Lipitor	$463.33	$469.53	1.3%

Housing

Item	Penfield	National avg.	Difference
Home Price	$84,500.00	$184,700.00	54.3%
Avg. Mortgage Payment	$838.21	$1,229.62	31.8%
Apartment Rent	$668.00	$949.00	29.6%

Transportation

Item	Penfield	National avg.	Difference
Gasoline	$2.32	$2.71	14.4%
Tire Balancing	$42.00	$51.86	19.0%

Utilities

Item	Penfield	National avg.	Difference
All Electricity	$175.01	$170.84	2.4%
Phone	$181.35	$187.18	3.1%

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	Population	Cost of Living Index	National Avg.
Rossville, IL	1,694	77	23.2%
Rankin, IL	457	77	23.0%
Hoopeston, IL	5,245	78	22.4%
Muncie, IL	194	78	22.3%
Henning, IL	243	78	22.1%
Penfield, IL	151	81	18.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Abanda, AL	151	99	0.5%
Crystal Beach, AZ	151	93	7.0%
Oakville, CA	151	126	25.6%
Magnolia, IA	151	80	20.1%
Welton, IA	151	86	13.6%
Penfield, IL	151	81	18.9%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.