F
18%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
58%
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 Mokena Illinois National
Cost of living11896100
Goods & Services10697100
Groceries9798100
Health care9895100
Housing15895100
Transportation114103100
Utilities8089100

An Overview of Cost of Living in Mokena, IL

Knowing the cost of living in Mokena allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Mokena stands at 118, marking it 18% higher than the national average.

Housing costs are a very significant part of the Mokena cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 57.5% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Mokena Affordable?

Is Mokena 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 Mokena is 71.6% higher than the national average, while the average monthly rent prices are 24.6% higher than average. The affordability of any location can also be influenced by median income levels. Mokena has a median household income of $109,935, which is 98.7% higher than the national average.

What Factors can Influence the Cost of Living in Mokena?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Mokena, the healthcare costs are 2.3% lower than the national average.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Mokena, the utilities index registers 20.1% 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.

Where is the Data From?

The cost of living data in Mokena displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

New Real Estate Listings in Mokena Area
Search Homes for Sale in Mokena, IL

Cost Of Living Quick Facts

  • The cost of living in Mokena is 23% higher than the Illinois average
  • The cost of living in Mokena is 18% higher than the national average
  • Mokena housing is 58% 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 Mokena

See all the best places to live around Mokena

Compare Mokena, IL Cost of Living

      vs
      How would you rate the cost of living in Mokena?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Mokena?
      Write a review to give others more information about this area.
      See all Mokena poll results

      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$119,356$9,946$2,785$3,581
      Renters$52,361$4,363$1,222$1,571
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Mokena, 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 Mokena homeowners, is $119,356. This would allow for a maximum of $2,785 per month to be spent on housing costs. For renters, the median monthly income is $52,361 which would result in a maximum of $1,222 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 Mokena 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 Mokena 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 Mokena 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 Mokena National avg. Difference
      Home Price $317,000.00$184,700.0071.6%
      Avg. Mortgage Payment $1,316.57$2,346.6943.9%
      Apartment Rent $1,182.00$949.0024.6%

      Transportation

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

      Utilities

      Item Mokena 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.
      Wilmington village, IL1448020.0%
      Phoenix, IL1,4028812.0%
      Dixmoor, IL3,5709010.2%
      Harvey, IL24,2959010.1%
      Hometown, IL4,216919.0%
      Mokena, IL20,72011818.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      North Salt Lake, UT20,72112322.7%
      Park Forest, IL20,715918.8%
      Murphy, TX20,71114140.6%
      Baie-Comeau, QC20,732n/a 
      Lumberton, NC20,7048812.5%
      Mokena, IL20,72011818.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.