Cost Of Living in Flossmoor, 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	Flossmoor	Illinois	National
Cost of living	120	96	100
Goods & Services	106	97	100
Groceries	97	98	100
Health care	98	95	100
Housing	163	95	100
Transportation	114	103	100
Utilities	80	89	100

New Real Estate Listings in Flossmoor Area

For Sale For Rent

Search

Search Homes for Sale in Flossmoor, IL

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Flossmoor is 25% higher than the Illinois average
The cost of living in Flossmoor is 20% higher than the national average
Flossmoor housing is 63% 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

Most Affordable Places to Live in and Around Flossmoor

See all the best places to live around Flossmoor

Compare Flossmoor, IL Cost of Living

Write a review to give others more information about this area.

See all Flossmoor poll results

The best places in Illinois

Here are the best places to live in Illinois

Safest States In The US

Most Dangerous States In The US

These are the 10 cheapest cities in Illinois

Salary Calculator

This is how much you would need to earn in

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	$116,250	$9,688	$2,712	$3,488
Renters	$83,261	$6,938	$1,943	$2,498

To approximate the cost of living and the housing affordability in Flossmoor, 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 Flossmoor have a median income of $116,250. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,712 per month to avoid calamity and poverty. The renters in the city have an income of about $83,261, which would make their monthly maximum allowable rental costs $1,943.

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	Flossmoor	National avg.	Difference
Haircut	$19.72	$24.26	18.7%
Beauty Salon	$37.22	$45.56	18.3%
Toothpaste	$3.72	$3.70	0.6%
Shampoo	$1.32	$1.28	3.3%
Movie	$9.99	$12.13	17.7%
Bowling	$16.00	$18.00	11.1%

Groceries

Item	Flossmoor	National avg.	Difference
Ground Beef	$5.94	$5.84	1.8%
Fried Chicken	$1.39	$1.57	11.8%
Milk	$4.55	$4.67	2.5%
Potatoes	$5.08	$4.93	3.0%
Pizza	$10.69	$12.09	11.6%
Beer	$9.61	$10.41	7.7%

Health Care

Item	Flossmoor	National avg.	Difference
Optometrist	$86.67	$125.68	31.0%
Doctor	$110.00	$135.78	19.0%
Dentist	$82.00	$113.29	27.6%
Ibuprofen	$10.17	$10.65	4.5%
Lipitor	$511.00	$468.60	9.0%

Housing

Item	Flossmoor	National avg.	Difference
Home Price	$247,900.00	$184,700.00	34.2%
Avg. Mortgage Payment	$1,316.57	$2,346.69	43.9%
Apartment Rent	$2,187.00	$949.00	130.5%

Transportation

Item	Flossmoor	National avg.	Difference
Gasoline	$3.52	$3.46	1.7%
Tire Balancing	$45.00	$59.92	24.9%

Utilities

Item	Flossmoor	National avg.	Difference
All Electricity	$156.87	$193.99	19.1%
Phone	$198.03	$192.25	3.0%

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.
Ford Heights, IL	2,705	86	14.2%
East Chicago, IN	28,044	87	12.7%
Phoenix, IL	1,402	88	12.0%
Dixmoor, IL	3,570	90	10.2%
Harvey, IL	24,295	90	10.1%
Flossmoor, IL	9,318	120	19.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hartland, WI	9,317	114	14.0%
Brentwood, PA	9,319	90	9.9%
Eagle Point, OR	9,316	114	13.7%
Sellersburg, IN	9,320	97	3.3%
Northwest Harborcreek, PA	9,321	98	2.1%
Flossmoor, IL	9,318	120	19.9%

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 Flossmoor, IL