Cost Of Living in Flora, 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	Flora	Illinois	National
Cost of living	85	96	100
Goods & Services	100	97	100
Groceries	95	98	100
Health care	88	95	100
Housing	49	95	100
Transportation	91	103	100
Utilities	121	89	100

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Cost Of Living Quick Facts

The cost of living in Flora is 12% lower than the Illinois average
The cost of living in Flora is 15% lower than the national average
Flora housing is 51% 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	$57,321	$4,777	$1,337	$1,720
Renters	$37,262	$3,105	$869	$1,118

To approximate the cost of living and the housing affordability in Flora, 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 Flora have a median income of $57,321. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,337 per month to avoid calamity and poverty. The renters in the city have an income of about $37,262, which would make their monthly maximum allowable rental costs $869.

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	Flora	National avg.	Difference
Haircut	$25.34	$24.26	4.4%
Beauty Salon	$44.12	$45.56	3.2%
Toothpaste	$3.70	$3.70	0.0%
Shampoo	$1.23	$1.28	3.9%
Movie	$13.11	$12.13	8.1%
Bowling	$16.17	$18.00	10.2%

Groceries

Item	Flora	National avg.	Difference
Ground Beef	$5.74	$5.84	1.8%
Fried Chicken	$1.37	$1.57	13.2%
Milk	$4.50	$4.67	3.7%
Potatoes	$5.13	$4.93	3.9%
Pizza	$11.24	$12.09	7.0%
Beer	$9.75	$10.41	6.4%

Health Care

Item	Flora	National avg.	Difference
Optometrist	$94.06	$125.68	25.2%
Doctor	$105.07	$135.78	22.6%
Dentist	$103.51	$113.29	8.6%
Ibuprofen	$10.26	$10.65	3.7%
Lipitor	$470.38	$468.60	0.4%

Housing

Item	Flora	National avg.	Difference
Home Price	$77,600.00	$184,700.00	58.0%
Avg. Mortgage Payment	$1,772.15	$2,346.69	24.5%
Apartment Rent	$627.00	$949.00	33.9%

Transportation

Item	Flora	National avg.	Difference
Gasoline	$3.25	$3.46	6.1%
Tire Balancing	$50.23	$59.92	16.2%

Utilities

Item	Flora	National avg.	Difference
All Electricity	$259.32	$193.99	33.7%
Phone	$189.86	$192.25	1.2%

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.
Sailor Springs, IL	114	100	0.1%
Johnsonville, IL	50	100	0.1%
Mount Erie, IL	114	80	19.7%
Noble, IL	647	81	19.3%
Clay City, IL	896	82	18.1%
Flora, IL	4,686	85	15.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Rio Bravo, TX	4,686	77	22.8%
Clarcona, FL	4,687	89	11.1%
Headland, AL	4,684	93	7.4%
Baldwin City, KS	4,684	93	7.0%
Penn Estates, PA	4,688	106	5.8%
Flora, IL	4,686	85	15.1%

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 Flora, IL