D+
9%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
27%
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 Romeoville Illinois National
Cost of living10996100
Goods & Services10697100
Groceries9798100
Health care9895100
Housing12795100
Transportation114103100
Utilities8089100

An Overview of Cost of Living in Romeoville, IL

Are you thinking about relocating, but curious about the potential cost of living in Romeoville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Romeoville stands at 109, making it 9% 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.

Everyday expenditures like food, housing, goods and services, transportation and health care in Romeoville are priced in a manner consistent with other areas. This means that residents of Romeoville can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Housing costs are a major factor in the Romeoville cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 26.9% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Is Romeoville Affordable?

Is Romeoville 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 Romeoville is 7.6% higher than the national average, while the average monthly rent prices are 71.9% higher than average. The affordability of any location can also be influenced by median income levels. Romeoville has a median household income of $85,888, which is 55.3% higher than the national average.

What Factors can Influence the Cost of Living in Romeoville?

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Romeoville, the groceries index is 2.7% lower than the national average.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Romeoville, healthcare costs are 2.3% lower than the national average.

Where is the Data From?

The Romeoville 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Romeoville is 13% higher than the Illinois average
  • The cost of living in Romeoville is 9% higher than the national average
  • Romeoville housing is 27% 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 Romeoville

See all the best places to live around Romeoville

Compare Romeoville, 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$92,340$7,695$2,154$2,770
      Renters$58,972$4,914$1,376$1,769
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Romeoville, IL, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Romeoville, homeowners have a median income of $92,340. Using that number, a maximum of $2,154 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $58,972, which means there is a maximum of $1,376 to be spent on the costs of renting a home or apartment.

      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 Romeoville 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 Romeoville 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 Romeoville 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 Romeoville National avg. Difference
      Home Price $198,800.00$184,700.007.6%
      Avg. Mortgage Payment $1,316.57$2,346.6943.9%
      Apartment Rent $1,631.00$949.0071.9%

      Transportation

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

      Utilities

      Item Romeoville 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%
      Romeoville, IL39,6441099.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Indian Trail, NC39,64411110.9%
      Marlborough, MA39,66313939.2%
      Royal Palm Beach, FL39,61512120.8%
      Crystal Lake, IL39,6851043.7%
      Sumter, SC39,758937.0%
      Romeoville, IL39,6441099.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.