| Index | Roscoe | Illinois | National |
| Cost of living | 100 | 98 | 100 |
| Groceries | 96 | 100 | 100 |
| Health care | 97 | 100 | 100 |
| Housing | 103 | 95 | 100 |
| Transportation | 98 | 101 | 100 |
| Utilities | 100 | 99 | 100 |
| Lifestyle & Entertainment | 99 | 100 | 100 |
| Household Items | 98 | 100 | 100 |
| Education & Childcare | 99 | 100 | 100 |
The cost of living in Roscoe affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Roscoe is 100, which is 0% equal to the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Roscoe closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Roscoe can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Is Roscoe an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Roscoe, the median home price is 4.2% lower than what most folks pay across the country, and monthly rent prices are 21.5% higher than the usual rates. Income levels in Roscoe come in at $145,325, which is 78.7% higher than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Roscoe, the groceries index is 3.7% lower than the national average.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Roscoe, the transportation index is 1.9% lower than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Roscoe, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 4.95%.
The cost of living estimates displayed for Roscoe are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Groceries index | |
| Health care index | |
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| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $159,092 | $13,258 | $3,712 | $4,773 |
| Renters | $91,829 | $7,652 | $2,143 | $2,755 |
| State | General Sales Tax | With Max Surtax |
| Illinois | 6.25% | 10.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Illinois | 4.95% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Hanover, WI | 122 | 85 | 14.8% |
| Rockford, IL | 151,169 | 87 | 13.5% |
| Beloit, WI | 37,938 | 87 | 12.7% |
| Capron, IL | 1,689 | 89 | 10.8% |
| Belvidere, IL | 25,831 | 89 | 10.7% |
| Roscoe, IL | 10,953 | 100 | 0.4% |
| City | Population | Cost of Living Index | National Avg. |
| Memphis, FL | 10,949 | 102 | 1.6% |
| Montmagny, QC | 10,961 | n/a | |
| Forestville, OH | 10,944 | 104 | 4.3% |
| Ogdensburg, NY | 10,940 | 91 | 9.5% |
| New Port Richey East, FL | 10,938 | 95 | 5.0% |
| Roscoe, IL | 10,953 | 100 | 0.4% |
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