Cost Of Living in Rock Falls, 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	Rock Falls	Illinois	National
Cost of living	80	96	100
Goods & Services	89	97	100
Groceries	97	98	100
Health care	101	95	100
Housing	48	95	100
Transportation	110	103	100
Utilities	87	89	100

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Cost Of Living Quick Facts

The cost of living in Rock Falls is 17% lower than the Illinois average
The cost of living in Rock Falls is 20% lower than the national average
Rock Falls housing is 52% 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	$56,978	$4,748	$1,329	$1,710
Renters	$24,403	$2,034	$569	$732

A good indicator of the general affordability of housing in Rock Falls, 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 Rock Falls, the median monthly income is $56,978 for those who own their own homes. Under the standard rule, that income level would allow for $1,329 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $24,403, per the median income in the area. That would allow for renters to spend up to $569 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	Rock Falls	National avg.	Difference
Haircut	$19.94	$24.26	17.8%
Beauty Salon	$36.22	$45.56	20.5%
Toothpaste	$3.58	$3.70	3.2%
Shampoo	$1.27	$1.28	1.1%
Movie	$12.73	$12.13	4.9%
Bowling	$12.67	$18.00	29.6%

Groceries

Item	Rock Falls	National avg.	Difference
Ground Beef	$5.72	$5.84	2.0%
Fried Chicken	$1.42	$1.57	9.9%
Milk	$4.63	$4.67	0.9%
Potatoes	$4.82	$4.93	2.3%
Pizza	$10.99	$12.09	9.1%
Beer	$9.56	$10.41	8.2%

Health Care

Item	Rock Falls	National avg.	Difference
Optometrist	$79.67	$125.68	36.6%
Doctor	$158.33	$135.78	16.6%
Dentist	$110.16	$113.29	2.8%
Ibuprofen	$10.57	$10.65	0.8%
Lipitor	$460.30	$468.60	1.8%

Housing

Item	Rock Falls	National avg.	Difference
Home Price	$71,600.00	$184,700.00	61.2%
Avg. Mortgage Payment	$1,465.09	$2,346.69	37.6%
Apartment Rent	$658.00	$949.00	30.7%

Transportation

Item	Rock Falls	National avg.	Difference
Gasoline	$3.69	$3.46	6.7%
Tire Balancing	$70.28	$59.92	17.3%

Utilities

Item	Rock Falls	National avg.	Difference
All Electricity	$147.39	$193.99	24.0%
Phone	$198.03	$192.25	3.0%

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.
Deer Grove, IL	33	75	24.8%
Harmon, IL	146	79	21.0%
Milledgeville, IL	987	80	19.6%
Nelson, IL	132	81	19.2%
Ohio, IL	509	81	18.9%
Rock Falls, IL	8,914	80	20.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Mahopac, NY	8,914	136	36.0%
Berkeley, MO	8,912	82	17.7%
Monmouth Junction, NJ	8,911	141	41.5%
Terrace Heights, WA	8,917	108	8.1%
Alma, MI	8,918	81	18.5%
Rock Falls, IL	8,914	80	20.1%

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 Rock Falls, IL