| Index | South Holland | Illinois | National |
| Cost of living | 101 | 98 | 100 |
| Groceries | 101 | 100 | 100 |
| Health care | 97 | 100 | 100 |
| Housing | 105 | 95 | 100 |
| Transportation | 98 | 101 | 100 |
| Utilities | 100 | 99 | 100 |
| Lifestyle & Entertainment | 103 | 100 | 100 |
| Household Items | 100 | 100 | 100 |
| Education & Childcare | 96 | 100 | 100 |
Understanding the cost of living in South Holland can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The South Holland cost of living index is 101, which is 1% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in South Holland are priced in a manner consistent with other areas. This means that residents of South Holland can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is South Holland affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take South Holland, for instance, where the median home price falls 15.4% lower than the national average, and monthly rent rates are 53.1% higher than usual. Additionally, median income levels contribute to the equation, with South Holland flaunting a median household income of $100,434, 23.5% higher than the national norm.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In South Holland, healthcare costs are 2.6% lower than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
The cost of living estimates displayed for South Holland 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.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $113,495 | $9,458 | $2,648 | $3,405 |
| Renters | $54,832 | $4,569 | $1,279 | $1,645 |
| 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. |
| Hodgkins, IL | 1,817 | 83 | 16.9% |
| Ford Heights, IL | 2,801 | 83 | 16.6% |
| East Chicago, IN | 28,835 | 82 | 17.8% |
| Gary, IN | 77,151 | 81 | 19.3% |
| Phoenix, IL | 1,450 | 85 | 14.6% |
| South Holland, IL | 22,294 | 101 | 1.3% |
| City | Population | Cost of Living Index | National Avg. |
| Clarksville, IN | 22,296 | 91 | 9.0% |
| Perrysburg, OH | 22,288 | 103 | 3.3% |
| Massapequa, NY | 22,302 | 163 | 63.0% |
| Yellowknife, NT | 22,316 | n/a | |
| Roselle, NJ | 22,321 | 116 | 15.7% |
| South Holland, IL | 22,294 | 101 | 1.3% |
Here are the best places to live in Illinois
Most Dangerous States In The US
Check out the 10 safest cities in Illinois
Check out the 10 most dangerous cities in Illinois