Cost Of Living in Barrington Hills, IL

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Barrington Hills	Illinois	National
Cost of living	185	96	100
Goods & Services	107	97	100
Groceries	104	98	100
Health care	108	95	100
Housing	374	95	100
Transportation	107	103	100
Utilities	89	89	100

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Cost Of Living Quick Facts

The cost of living in Barrington Hills is 92% higher than the Illinois average
The cost of living in Barrington Hills is 85% higher than the national average
Barrington Hills housing is 274% higher 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

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Price difference in compared to

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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$169,583	$14,132	$3,957	$5,088
Renters	$0	$0	$0	$0

A good indicator of the general affordability of housing in Barrington Hills, IL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Barrington Hills, the median monthly income is $169,583 for those who own their own homes. Under the standard rule, that income level would allow for $3,957 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $0, per the median income in the area. That would allow for renters to spend up to $0 on monthly rental expenses.

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%

Goods & Services

Item	Barrington Hills	National avg.	Difference
Haircut	$33.69	$24.26	38.9%
Beauty Salon	$53.44	$45.56	17.3%
Toothpaste	$3.75	$3.70	1.4%
Shampoo	$1.27	$1.28	1.1%
Movie	$17.91	$12.13	47.6%
Bowling	$24.58	$18.00	36.6%

Groceries

Item	Barrington Hills	National avg.	Difference
Ground Beef	$5.28	$5.84	9.5%
Fried Chicken	$1.42	$1.57	9.7%
Milk	$4.87	$4.67	4.3%
Potatoes	$4.90	$4.93	0.7%
Pizza	$13.41	$12.09	10.9%
Beer	$10.00	$10.41	4.0%

Health Care

Item	Barrington Hills	National avg.	Difference
Optometrist	$118.27	$125.68	5.9%
Doctor	$167.67	$135.78	23.5%
Dentist	$128.22	$113.29	13.2%
Ibuprofen	$10.97	$10.65	2.9%
Lipitor	$382.34	$468.60	18.4%

Housing

Item	Barrington Hills	National avg.	Difference
Home Price	$759,800.00	$184,700.00	311.4%
Avg. Mortgage Payment	$2,578.06	$2,346.69	9.9%
Apartment Rent	$2,732.00	$949.00	187.9%

Transportation

Item	Barrington Hills	National avg.	Difference
Gasoline	$3.56	$3.46	2.7%
Tire Balancing	$70.87	$59.92	18.3%

Utilities

Item	Barrington Hills	National avg.	Difference
All Electricity	$148.58	$193.99	23.4%
Phone	$210.03	$192.25	9.3%

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	Population	Cost of Living Index	National Avg.
Round Lake Park, IL	7,744	97	2.8%
Woodstock, IL	25,391	95	4.6%
Carpentersville, IL	37,618	105	4.9%
Hainesville, IL	3,595	105	4.9%
Elgin, IL	112,062	105	5.3%
Barrington Hills, IL	4,156	185	85.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Noyack, NY	4,155	186	86.5%
Horseshoe Bay, TX	4,155	117	17.3%
Jasper, FL	4,157	81	19.3%
Brices Creek, NC	4,158	118	18.0%
Westport, NC	4,153	132	32.5%
Barrington Hills, IL	4,156	185	85.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Barrington Hills, IL