Cost Of Living in Volo, 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	Volo	Illinois	National
Cost of living	113	96	100
Goods & Services	107	97	100
Groceries	104	98	100
Health care	108	95	100
Housing	134	95	100
Transportation	107	103	100
Utilities	89	89	100

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Cost Of Living Quick Facts

The cost of living in Volo is 17% higher than the Illinois average
The cost of living in Volo is 13% higher than the national average
Volo housing is 34% 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

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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	$102,894	$8,575	$2,401	$3,087
Renters	$0	$0	$0	$0

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	Volo	National avg.	Difference
Haircut	$33.69	$24.26	38.9%
Beauty Salon	$53.44	$45.56	17.3%
Toothpaste	$3.75	$3.70	1.4%
Shampoo	$1.27	$1.28	1.1%
Movie	$17.91	$12.13	47.6%
Bowling	$24.58	$18.00	36.6%

Groceries

Item	Volo	National avg.	Difference
Ground Beef	$5.28	$5.84	9.5%
Fried Chicken	$1.42	$1.57	9.7%
Milk	$4.87	$4.67	4.3%
Potatoes	$4.90	$4.93	0.7%
Pizza	$13.41	$12.09	10.9%
Beer	$10.00	$10.41	4.0%

Health Care

Item	Volo	National avg.	Difference
Optometrist	$118.27	$125.68	5.9%
Doctor	$167.67	$135.78	23.5%
Dentist	$128.22	$113.29	13.2%
Ibuprofen	$10.97	$10.65	2.9%
Lipitor	$382.34	$468.60	18.4%

Housing

Item	Volo	National avg.	Difference
Home Price	$212,200.00	$184,700.00	14.9%
Avg. Mortgage Payment	$2,578.06	$2,346.69	9.9%
Apartment Rent	$1,708.00	$949.00	80.0%

Transportation

Item	Volo	National avg.	Difference
Gasoline	$3.56	$3.46	2.7%
Tire Balancing	$70.87	$59.92	18.3%

Utilities

Item	Volo	National avg.	Difference
All Electricity	$148.58	$193.99	23.4%
Phone	$210.03	$192.25	9.3%

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.
Park City, IL	7,636	84	15.8%
Round Lake Park, IL	7,744	97	2.8%
Waukegan, IL	87,157	98	2.1%
Camp Lake, WI	4,175	97	2.5%
Wilmot, WI	219	98	2.2%
Volo, IL	5,498	113	13.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Slinger, WI	5,500	110	9.6%
Lac-Mégantic, QC	5,501	n/a
Tracyton, WA	5,494	126	25.6%
Bath, NY	5,493	86	13.8%
Belle Mead, NJ	5,492	161	61.3%
Volo, IL	5,498	113	13.0%

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 Volo, IL