Cost of living in Channahon 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 Channahon 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 Channahon is 105, with 100 being the average.
The cost of living index in Channahon is 1.1x higher than the national average.
Channahon ranks as the #204 cheapest in Illinois out of 338.
Channahon ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Channahon is $247,800.
The median income in Channahon is $105,156.
According to the most recent data on the cost of living, Channahon has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Illinois, Channahon has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Channahon ranks as #204 most affordable out of the 338 places we measured in Illinois. By definition, that implies Channahon ranks as the #134 most expensive place in the Prairie State.
For more reading on life in Channahon, check out:
Six factors go into calculating the cost of living index in Channahon. Here is how it fairs on each of the criteria:
The Services index in Channahon is 97.
The Groceries index in Channahon is 96.
The Health index in Channahon is 110.
The Housing index in Channahon is 117.
The Transportation index in Channahon is 111.
The Utilities index in Channahon is 90.
|Living Expense||Channahon||Illinois||National Average|
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 Channahon is $247,800.
The Median Rent in Channahon is $1,613.
The Median Income in Channahon is $105,156.
The Home Value To Income in Channahon is 2.4x.
The Rent To Monthly Income in Channahon is 0.18x.
|Median Home Value||$247,800||$212,600||$244,900|
|Home Value To Income||2.4x||2.9x||3.5x|
|Rent To Monthly Income||0.18x||0.18x||0.2x|
The cost of living varies in the cities and towns around Channahon. Here's a quick look at the cost of living in the most populous nearby places:
Joliet, IL has a cost of living index of 96, 0.9x Channahon.
Plainfield, IL has a cost of living index of 115, 1.1x Channahon.
Romeoville, IL has a cost of living index of 103, 1.0x Channahon.
|City||Population||Cost Of Living||Vs. Channahon|
|New Lenox, IL||26,942||110||1.0x|