Sycamore, IL Cost Of Living

Sycamore cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Sycamore	Illinois	National
Cost of living index	95	99	100
Index	Sycamore	Illinois	National
Goods & Services index	95	101	100
Groceries index	93	97	100
Health care index	110	101	100
Housing index	95	95	100
Transportation index	105	105	100
Utilities index	80	96	100

The above illustration supplies generalized information for the Sycamore, IL cost of living index. Compared to other cities in Illinois and cities across the country, the cost of living index in Sycamore, IL is 95, which is 4% lower than the Illinois average and 5% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Sycamore, IL are 6% lower than the average for Illinois and 5% lower than the rest of the country.

Did you know?

The cost of living in Sycamore is 4% lower than the Illinois average.
The cost of living in Sycamore is 5% lower than the national average.
The cost of housing in Sycamore is 5% lower than the national average.
Illinois general sales tax is 23% higher than the national average.
Illinois state income tax is 69% higher than the national average.

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator allows you to compare how much your current salary in Sycamore, IL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Sycamore, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Sycamore, IL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$85,077	$7,090	$1,985	$2,553
Renters	$50,607	$4,217	$1,181	$1,518

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Sycamore, IL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Sycamore, IL homeowners have a median income of $85,077. Using that number, you will come up with a maximum of $1,985 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $50,607, which means there is a maximum of $1,181 to be spent on the costs of renting a home or apartment.

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	3.75%	3.75%

One thing to keep in mind when considering the cost of living in Sycamore, IL is the Illinois sales tax and Illinois income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Illinois sales tax rate is 6.25% and the maximum surtax that can be charged is 10.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

Item	Sycamore	National avg.	Difference
Haircut	$14.57	$16.09	9.4%
Beauty Salon	$30.09	$37.33	19.4%
Toothpaste	$1.87	$2.45	23.7%
Shampoo	$0.95	$1.00	5.4%
Movie	$10.86	$10.28	5.6%
Bowling	$4.00	$4.93	18.9%

Groceries

Item	Sycamore	National avg.	Difference
Ground Beef	$3.29	$3.80	13.6%
Fried Chicken	$1.48	$1.40	6.0%
Milk	$2.08	$2.01	3.8%
Potatoes	$2.98	$3.01	1.0%
Pizza	$9.00	$9.89	9.0%
Beer	$7.97	$8.90	10.5%

Health Care

Item	Sycamore	National avg.	Difference
Optometrist	$74.35	$102.16	27.2%
Doctor	$138.85	$108.36	28.1%
Dentist	$98.89	$92.53	6.9%
Ibuprofen	$9.81	$9.28	5.8%
Lipitor	$435.08	$425.82	2.2%

Housing

Item	Sycamore	National avg.	Difference
Home Price	$173,900.00	$184,700.00	5.8%
Avg. Mortgage Payment	$860.21	$1,202.44	28.5%
Apartment Rent	$934.00	$949.00	1.6%

Transportation

Item	Sycamore	National avg.	Difference
Gasoline	$2.27	$2.24	1.2%
Tire Balancing	$52.96	$46.29	14.4%

Utilities

Item	Sycamore	National avg.	Difference
All Electricity	$130.30	$165.96	21.5%
Phone	$23.50	$28.68	18.1%

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, State	Population	Cost of Living Index	National Avg.
Lee, IL	358	85	-15%
Malta, IL	1,041	87	-13%
Genoa, IL	4,930	90	-10%
Kirkland, IL	1,662	90	-10%
DeKalb, IL	43,269	91	-9%
Sycamore, IL	17,611	95	-5%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
North Aurora, IL	17,612	104	4%
Martinsburg, WV	17,613	94	-6%
Glassmanor, MD	17,608	110	10%
Cinco Ranch, TX	17,605	116	16%
Helena, AL	17,630	98	-2%
Sycamore, IL	17,611	95	-5%

Source: The Sycamore, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Sycamore, IL Cost of Living