Cost Of Living in Beardstown, 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	Beardstown	Illinois	National
Cost of living	80	96	100
Goods & Services	88	97	100
Groceries	97	98	100
Health care	93	95	100
Housing	46	95	100
Transportation	109	103	100
Utilities	97	89	100

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Cost Of Living Quick Facts

The cost of living in Beardstown is 17% lower than the Illinois average
The cost of living in Beardstown is 20% lower than the national average
Beardstown housing is 54% 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

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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	$51,216	$4,268	$1,195	$1,537
Renters	$29,008	$2,417	$677	$870

To approximate the cost of living and the housing affordability in Beardstown, IL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Beardstown have a median income of $51,216. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,195 per month to avoid calamity and poverty. The renters in the city have an income of about $29,008, which would make their monthly maximum allowable rental costs $677.

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	Beardstown	National avg.	Difference
Haircut	$15.00	$24.26	38.2%
Beauty Salon	$30.00	$45.56	34.2%
Toothpaste	$3.76	$3.70	1.5%
Shampoo	$1.20	$1.28	6.6%
Movie	$10.96	$12.13	9.7%
Bowling	$20.00	$18.00	11.1%

Groceries

Item	Beardstown	National avg.	Difference
Ground Beef	$5.77	$5.84	1.2%
Fried Chicken	$1.35	$1.57	14.4%
Milk	$4.63	$4.67	0.8%
Potatoes	$5.10	$4.93	3.4%
Pizza	$14.32	$12.09	18.5%
Beer	$9.43	$10.41	9.5%

Health Care

Item	Beardstown	National avg.	Difference
Optometrist	$120.83	$125.68	3.9%
Doctor	$121.67	$135.78	10.4%
Dentist	$100.00	$113.29	11.7%
Ibuprofen	$10.26	$10.65	3.7%
Lipitor	$493.33	$468.60	5.3%

Housing

Item	Beardstown	National avg.	Difference
Home Price	$71,000.00	$184,700.00	61.6%
Avg. Mortgage Payment	$1,978.34	$2,346.69	15.7%
Apartment Rent	$617.00	$949.00	35.0%

Transportation

Item	Beardstown	National avg.	Difference
Gasoline	$3.60	$3.46	4.1%
Tire Balancing	$72.50	$59.92	21.0%

Utilities

Item	Beardstown	National avg.	Difference
All Electricity	$181.08	$193.99	6.7%
Phone	$195.03	$192.25	1.4%

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.
Ripley, IL	48	74	26.3%
Browning, IL	145	76	24.1%
Versailles, IL	424	78	22.1%
Meredosia, IL	904	79	21.4%
Chandlerville, IL	430	79	20.8%
Beardstown, IL	5,504	80	20.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Batesburg-Leesville, SC	5,504	90	10.1%
Rockdale, TX	5,505	84	16.4%
Lac-Mégantic, QC	5,501	n/a
Slinger, WI	5,500	110	9.6%
Whiskey Creek, FL	5,508	114	14.5%
Beardstown, IL	5,504	80	20.3%

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 Beardstown, IL