| Index | Taylorville | Illinois | National |
| Cost of living | 86 | 98 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 56 | 95 | 100 |
| Transportation | 102 | 101 | 100 |
| Utilities | 99 | 99 | 100 |
| Lifestyle & Entertainment | 99 | 100 | 100 |
| Household Items | 99 | 100 | 100 |
| Education & Childcare | 95 | 100 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Taylorville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Taylorville stands at 86, making it 14% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
It's not uncommon for housing expenses to eat up a substantial portion of your income, oten exceeding 30%. The good news is that Taylorville stands out by reporting housing costs that are 43.8% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more affordable compared to the rest of the country. This favorable housing situation allows residents to allocate a more manageable portion of their income to housing, resulting in greater financial flexibility.
Is Taylorville an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Taylorville is 50% lower than the national average, while the average monthly rent prices are 29.3% lower than average. The affordability of any location can also be influenced by median income levels. Taylorville has a median household income of $62,703, which is 22.9% lower than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Taylorville, healthcare costs are 1% higher than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Taylorville, the utilities index stands at 1.5% lower than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
The cost of living estimates displayed for Taylorville are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| 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 | $81,645 | $6,804 | $1,905 | $2,450 |
| Renters | $37,383 | $3,115 | $872 | $1,122 |
| 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. |
| Jeisyville, IL | 60 | 78 | 21.9% |
| Palmer, IL | 294 | 80 | 20.4% |
| Harvel, IL | 253 | 81 | 19.2% |
| Tovey, IL | 600 | 81 | 19.0% |
| Assumption, IL | 1,199 | 82 | 18.0% |
| Taylorville, IL | 11,059 | 86 | 13.9% |
| City | Population | Cost of Living Index | National Avg. |
| Highland Park, MI | 11,056 | 80 | 20.3% |
| Fairview, CA | 11,062 | 188 | 88.2% |
| Marieville, QC | 11,065 | n/a | |
| Newport, OR | 11,066 | 118 | 17.5% |
| Timonium, MD | 11,051 | 134 | 33.6% |
| Taylorville, IL | 11,059 | 86 | 13.9% |
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