Belvidere, IL Cost Of Living
Cost Of Living In Belvidere, IL Summary
Cost of living in Belvidere research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Belvidere is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Belvidere is 84, with 100 being the average.
The cost of living index in Belvidere is 0.8x lower than the national average.
Belvidere ranks as the #44 cheapest in Illinois out of 338.
Belvidere ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Belvidere is $120,900.
The median income in Belvidere is $57,507.
Table Of Contents
Belvidere's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Belvidere, IL?
According to the most recent data on the cost of living, Belvidere has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Illinois, Belvidere has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Belvidere ranks as #44 most affordable out of the 338 places we measured in Illinois. By definition, that implies Belvidere ranks as the #294 most expensive place in the Prairie State.
For more reading on life in Belvidere, check out:
- Living In Belvidere
- Belvidere Crime Report
- Search Homes For Sale In Belvidere, IL
In Illinois
In America
Belvidere Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Belvidere. Here is how it fairs on each of the criteria:
The Services index in Belvidere is 95.
The Groceries index in Belvidere is 94.
The Health index in Belvidere is 109.
The Housing index in Belvidere is 61.
The Transportation index in Belvidere is 105.
The Utilities index in Belvidere is 91.
| Living Expense | Belvidere | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 84 | 92 | 100 | |
| Services | 95 | 95 | 100 | |
| Groceries | 94 | 98 | 100 | |
| Health | 109 | 96 | 100 | |
| Housing | 61 | 81 | 100 | |
| Transportation | 105 | 105 | 100 | |
| Utilities | 91 | 90 | 100 | |
Belvidere, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Belvidere is $120,900.
The Median Rent in Belvidere is $895.
The Median Income in Belvidere is $57,507.
The Home Value To Income in Belvidere is 2.1x.
The Rent To Monthly Income in Belvidere is 0.19x.
| Statistic | Belvidere | Illinois | United States |
|---|---|---|---|
| Median Home Value | $120,900 | $212,600 | $244,900 |
| Median Rent | $895 | $1,097 | $1,163 |
| Median Income | $57,507 | $72,563 | $69,021 |
| Home Value To Income | 2.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Belvidere, IL Costs By Category
Detailed Belvidere Services Costs Vs. Illinois
Detailed Belvidere Groceries Costs Vs. Illinois
Detailed Belvidere Health Costs Vs. Illinois
Detailed Belvidere Transportation Costs Vs. Illinois
Detailed Belvidere Utilities Costs Vs. Illinois
Belvidere SnackAbility
/10
Cost Of Living In Cities Around Belvidere
The cost of living varies in the cities and towns around Belvidere. Here's a quick look at the cost of living in the most populous nearby places:
Rockford, IL has a cost of living index of 86, 1.0x Belvidere.
Loves Park, IL has a cost of living index of 86, 1.0x Belvidere.
Machesney Park, IL has a cost of living index of 88, 1.0x Belvidere.
| City | Population | Cost Of Living | Vs. Belvidere |
|---|---|---|---|
| Rockford, IL | 148,942 | 86 | 1.0x |
| Loves Park, IL | 23,223 | 86 | 1.0x |
| Machesney Park, IL | 22,870 | 88 | 1.0x |
| Roscoe, IL | 11,092 | 97 | 1.2x |
| Harvard, IL | 9,482 | 91 | 1.1x |
| Rockton, IL | 8,051 | 94 | 1.1x |
| South Beloit, IL | 7,943 | 86 | 1.0x |
| Marengo, IL | 7,466 | 92 | 1.1x |
| Candlewick Lake, IL | 5,154 | 93 | 1.1x |
| Genoa, IL | 5,139 | 90 | 1.1x |
