A+
12%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
42%
Housing NAT. AVG.
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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 Herrin Illinois National
Cost of living8896100
Goods & Services10097100
Groceries9598100
Health care8895100
Housing5895100
Transportation91103100
Utilities12189100

An Overview of Cost of Living in Herrin, IL

The cost of living in Herrin affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Herrin is 88, which is 12% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Housing costs often consume a significant share of your take-home income, often surpassing 30%. Fortunately, Herrin distinguishes itself by reporting housing expenses that are 41.8% below the national average. This indicates that both owning a home and renting in this area are notably more budget-friendly compared to the rest of the nation. With such favorable housing affordability, residents of Herrin can allocate more of their income to housing, enhancing their financial flexibility.

Is Herrin Affordable?

Is Herrin affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Herrin, the median home price is 48.1% lower than the national average and monthly rent prices are 26.9% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Herrin boasting a median household income of $45,713, 17.4% lower than the national average.

What Factors can Influence the Cost of Living in Herrin?

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Herrin, the groceries index registers 5.4% lower 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 Herrin, healthcare costs are 12.1% lower than the national average.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Where is the Data From?

The Herrin cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Herrin is 9% lower than the Illinois average
  • The cost of living in Herrin is 12% lower than the national average
  • Herrin housing is 42% 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

Most Affordable Places to Live in and Around Herrin

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Compare Herrin, 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$55,833$4,653$1,303$1,675
      Renters$31,513$2,626$735$945
      A good indicator of the general affordability of housing in Herrin, IL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Herrin, the median monthly income is $55,833 for those who own their own homes. Under the standard rule, that income level would allow for $1,303 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $31,513, per the median income in the area. That would allow for renters to spend up to $735 on monthly rental expenses.

      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 Herrin National avg. Difference
      Haircut $25.34$24.264.4%
      Beauty Salon $44.12$45.563.2%
      Toothpaste $3.70$3.700.0%
      Shampoo $1.23$1.283.9%
      Movie $13.11$12.138.1%
      Bowling $16.17$18.0010.2%

      Groceries

      Item Herrin National avg. Difference
      Ground Beef $5.74$5.841.8%
      Fried Chicken $1.37$1.5713.2%
      Milk $4.50$4.673.7%
      Potatoes $5.13$4.933.9%
      Pizza $11.24$12.097.0%
      Beer $9.75$10.416.4%

      Health Care

      Item Herrin National avg. Difference
      Optometrist $94.06$125.6825.2%
      Doctor $105.07$135.7822.6%
      Dentist $103.51$113.298.6%
      Ibuprofen $10.26$10.653.7%
      Lipitor $470.38$468.600.4%

      Housing

      Item Herrin National avg. Difference
      Home Price $95,800.00$184,700.0048.1%
      Avg. Mortgage Payment $1,772.15$2,346.6924.5%
      Apartment Rent $694.00$949.0026.9%

      Transportation

      Item Herrin National avg. Difference
      Gasoline $3.25$3.466.1%
      Tire Balancing $50.23$59.9216.2%

      Utilities

      Item Herrin National avg. Difference
      All Electricity $259.32$193.9933.7%
      Phone $189.86$192.251.2%
      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.
      Mulkeytown, IL128945.9%
      Hurst, IL7567623.9%
      Dowell, IL3567623.6%
      Zeigler, IL1,7797723.3%
      Bush, IL3037723.2%
      Herrin, IL12,8068812.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Brighton, ON12,811n/a 
      Jacksonville, AL12,796909.9%
      Grass Valley, CA12,81712727.1%
      Lindsay, CA12,7931099.1%
      McComb, MS12,7888317.4%
      Herrin, IL12,8068812.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.