| Index | Worth | Illinois | National |
| Cost of living | 100 | 98 | 100 |
| Groceries | 101 | 100 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 100 | 95 | 100 |
| Transportation | 105 | 101 | 100 |
| Utilities | 98 | 99 | 100 |
| Lifestyle & Entertainment | 102 | 100 | 100 |
| Household Items | 101 | 100 | 100 |
| Education & Childcare | 95 | 100 | 100 |
Getting a feel for the cost of living in Worth is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Worth is 100, which is 0% equal to the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in Worth aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Worth residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Worth 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 Worth, for instance, where the median home price falls 4% lower than the national average, and monthly rent rates are 8.4% higher than usual. Additionally, median income levels contribute to the equation, with Worth flaunting a median household income of $88,504, 8.8% higher than the national norm.
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 Worth, the groceries index is 1.2% higher than the national average.
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.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Worth, the housing index is 0.3% lower than the national average.
The Worth cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| 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 | $107,554 | $8,963 | $2,509 | $3,227 |
| Renters | $45,694 | $3,808 | $1,066 | $1,371 |
| 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% |
| Phoenix, IL | 1,450 | 85 | 14.6% |
| Dixmoor, IL | 3,663 | 87 | 12.6% |
| Harvey, IL | 24,931 | 87 | 13.2% |
| Worth, IL | 10,840 | 100 | 0.4% |
| City | Population | Cost of Living Index | National Avg. |
| South Yarmouth, MA | 10,841 | 133 | 32.5% |
| Cadillac, MI | 10,841 | 84 | 15.9% |
| Mount Sinai, NY | 10,841 | 152 | 52.4% |
| Sweetwater, TX | 10,838 | 84 | 16.5% |
| Burley, ID | 10,837 | 93 | 7.0% |
| Worth, IL | 10,840 | 100 | 0.4% |
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