Cost of Living in South Beloit, IL

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10%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
29%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index South Beloit Illinois National
Cost of living9098100
Groceries96100100
Health care97100100
Housing7195100
Transportation98101100
Utilities10099100
Lifestyle & Entertainment99100100
Household Items98100100
Education & Childcare99100100
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Homes For Sale In South Beloit, IL

property for sale

541 Roscoe Ave

South Beloit, IL
property for sale

830 Westerfield Way

South Beloit, IL
property for sale

15619 Sienna Ct

South Beloit, IL
property for sale

15215 White School RD

Roscoe, IL

Cost Of Living Quick Facts

  • The cost of living in South Beloit is 8% lower than the Illinois average
  • The cost of living in South Beloit is 10% lower than the national average
  • South Beloit housing is 29% lower than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around South Beloit

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      Salary Calculator

      This is how much you would need to earn in
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      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$99,482$8,290$2,321$2,985
      Renters$72,924$6,077$1,701$2,188
      A good way to judge both the affordability of the housing and the cost of living in South Beloit is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. South Beloit has a median income of about $99,482 for people who own homes. Based on that number, a maximum of $2,321 should be spent on expenses related to housing. Renters have a slightly different median income, which is $72,924. Based on this average, renters should spend no more than $1,701 on all rental costs if they want to maintain a non-impoverished standard of living.

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hanover, WI1228514.8%
      Beloit, WI37,9388712.7%
      Capron, IL1,6898910.8%
      Footville, WI1,0599010.3%
      Loves Park, IL24,142909.8%
      South Beloit, IL7,9249010.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Citrus Hills, FL7,92312019.7%
      Senatobia, MS7,927919.3%
      Hood River, OR7,92813232.0%
      Holly Springs, MS7,9198415.7%
      Butler, NJ7,92913434.1%
      South Beloit, IL7,9249010.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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