Cost of Living in Peotone, IL

Get crime, demographics and other data for any address in Peotone, IL
A-
3%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
2%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 Peotone Illinois National
Cost of living9796100
Goods & Services9697100
Groceries9798100
Health care9095100
Housing10295100
Transportation95103100
Utilities9089100
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Cost Of Living Quick Facts

  • The cost of living in Peotone is 1% higher than the Illinois average
  • The cost of living in Peotone is 3% lower than the national average
  • Peotone housing is 2% 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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Compare Peotone, IL Cost of Living

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      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$102,386$8,532$2,389$3,072
          Renters$39,844$3,320$930$1,195
          The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Peotone, IL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Peotone homeowners, is $102,386. This would allow for a maximum of $2,389 per month to be spent on housing costs. For renters, the median monthly income is $39,844 which would result in a maximum of $930 to be spent on rental costs.

          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 Peotone National avg. Difference
          Haircut $23.56$24.262.9%
          Beauty Salon $42.28$45.567.2%
          Toothpaste $3.77$3.701.9%
          Shampoo $1.46$1.2813.8%
          Movie $8.75$12.1327.9%
          Bowling $18.33$18.001.9%

          Groceries

          Item Peotone National avg. Difference
          Ground Beef $6.31$5.848.0%
          Fried Chicken $1.39$1.5711.4%
          Milk $4.63$4.670.8%
          Potatoes $4.96$4.930.5%
          Pizza $13.80$12.0914.1%
          Beer $10.43$10.410.2%

          Health Care

          Item Peotone National avg. Difference
          Optometrist $93.66$125.6825.5%
          Doctor $120.22$135.7811.5%
          Dentist $113.44$113.290.1%
          Ibuprofen $10.48$10.651.7%
          Lipitor $365.52$468.6022.0%

          Housing

          Item Peotone National avg. Difference
          Home Price $195,100.00$184,700.005.6%
          Avg. Mortgage Payment $1,536.70$2,346.6934.5%
          Apartment Rent $883.00$949.007.0%

          Transportation

          Item Peotone National avg. Difference
          Gasoline $3.17$3.468.3%
          Tire Balancing $61.36$59.922.4%

          Utilities

          Item Peotone National avg. Difference
          All Electricity $157.45$193.9918.8%
          Phone $197.49$192.252.7%
          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, IL2,7058614.2%
          Sauk Village, IL10,319909.8%
          Sun River Terrace, IL4848613.7%
          Park Forest, IL20,715918.8%
          Steger, IL9,289928.1%
          Peotone, IL4,066973.2%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          North East, PA4,065927.9%
          Fayetteville, NY4,0671055.0%
          Lolo, MT4,0641033.5%
          Maeser, UT4,0641055.0%
          Crabtree, QC4,064n/a 
          Peotone, IL4,066973.2%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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