D
10%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
31%
Housing NAT. AVG.
Search Homes for Sale
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 Bolingbrook Illinois National
Cost of living11096100
Goods & Services10697100
Groceries9798100
Health care9895100
Housing13195100
Transportation114103100
Utilities8089100

An Overview of Cost of Living in Bolingbrook, IL

Are you thinking about relocating, but curious about the potential cost of living in Bolingbrook? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Bolingbrook stands at 110, making it 10% higher 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.

When it comes to the cost of living in Bolingbrook, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 31.4% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Bolingbrook Affordable?

Is Bolingbrook 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 Bolingbrook is 25.1% higher than the national average, while the average monthly rent prices are 45.9% higher than average. The affordability of any location can also be influenced by median income levels. Bolingbrook has a median household income of $92,184, which is 66.6% higher than the national average.

What Factors can Influence the Cost of Living in Bolingbrook?

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Bolingbrook, the housing index comes in at 31.4% higher than the national average.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Bolingbrook, healthcare costs are 2.3% lower than the national average.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Bolingbrook, the transportation index is 13.6% higher than the national average.

Where is the Data From?

The cost of living in Bolingbrook, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Bolingbrook is 15% higher than the Illinois average
  • The cost of living in Bolingbrook is 10% higher than the national average
  • Bolingbrook housing is 31% 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 Bolingbrook

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Compare Bolingbrook, 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$106,531$8,878$2,486$3,196
          Renters$45,253$3,771$1,056$1,358
          The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Bolingbrook, 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 Bolingbrook homeowners, is $106,531. This would allow for a maximum of $2,486 per month to be spent on housing costs. For renters, the median monthly income is $45,253 which would result in a maximum of $1,056 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 Bolingbrook National avg. Difference
          Haircut $19.72$24.2618.7%
          Beauty Salon $37.22$45.5618.3%
          Toothpaste $3.72$3.700.6%
          Shampoo $1.32$1.283.3%
          Movie $9.99$12.1317.7%
          Bowling $16.00$18.0011.1%

          Groceries

          Item Bolingbrook National avg. Difference
          Ground Beef $5.94$5.841.8%
          Fried Chicken $1.39$1.5711.8%
          Milk $4.55$4.672.5%
          Potatoes $5.08$4.933.0%
          Pizza $10.69$12.0911.6%
          Beer $9.61$10.417.7%

          Health Care

          Item Bolingbrook National avg. Difference
          Optometrist $86.67$125.6831.0%
          Doctor $110.00$135.7819.0%
          Dentist $82.00$113.2927.6%
          Ibuprofen $10.17$10.654.5%
          Lipitor $511.00$468.609.0%

          Housing

          Item Bolingbrook National avg. Difference
          Home Price $231,100.00$184,700.0025.1%
          Avg. Mortgage Payment $1,316.57$2,346.6943.9%
          Apartment Rent $1,385.00$949.0045.9%

          Transportation

          Item Bolingbrook National avg. Difference
          Gasoline $3.52$3.461.7%
          Tire Balancing $45.00$59.9224.9%

          Utilities

          Item Bolingbrook National avg. Difference
          All Electricity $156.87$193.9919.1%
          Phone $198.03$192.253.0%
          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.
          Hodgkins, IL1,7538514.6%
          Preston Heights, IL2,529936.5%
          Ingalls Park, IL3,022946.5%
          Fairmont, IL2,690954.6%
          Rockdale, IL2,416963.8%
          Bolingbrook, IL74,31911010.4%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Jacksonville, NC74,313973.3%
          Wood Buffalo, AB74,298n/a 
          Rochester Hills, MI74,34011717.4%
          Pasco, WA74,2661043.7%
          Sault Ste. Marie, ON74,249n/a 
          Bolingbrook, IL74,31911010.4%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.