Chatham, IL Cost Of Living
Cost Of Living In Chatham, IL Summary
Cost of living in Chatham 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 Chatham 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 Chatham is 98, with 100 being the average.
The cost of living index in Chatham is 1.0x lower than the national average.
Chatham ranks as the #130 cheapest in Illinois out of 336.
Chatham ranks as the #2,372 cheapest out of 6,489 in the US.
The median home value in Chatham is $296,043.
The median income in Chatham is $106,030.
Table Of Contents
Chatham's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Chatham, IL?
According to the most recent data on the cost of living, Chatham has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Illinois, Chatham has a cost of living index that's 1.0x higher than Illinois's index of 97.
The standard of living in Chatham ranks as #130 most affordable out of the 336 places we measured in Illinois. By definition, that implies Chatham ranks as the #206 most expensive place in the Prairie State.
For more reading on life in Chatham, check out:
In Illinois
In America
Chatham Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Chatham. Here is how it fairs on each of the criteria:
The Services index in Chatham is 86.
The Groceries index in Chatham is 95.
The Health index in Chatham is 91.
The Housing index in Chatham is 108.
The Transportation index in Chatham is 107.
The Utilities index in Chatham is 98.
| Living Expense | Chatham | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 98 | 97 | 100 | |
| Services | 86 | 95 | 100 | |
| Groceries | 95 | 99 | 100 | |
| Health | 91 | 93 | 100 | |
| Housing | 108 | 95 | 100 | |
| Transportation | 107 | 102 | 100 | |
| Utilities | 98 | 91 | 100 | |
Chatham, 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 2019-2023. The key points are:
The Median Home Value in Chatham is $296,043.
The Median Rent in Chatham is $1,157.
The Median Income in Chatham is $106,030.
The Home Value To Income in Chatham is 2.8x.
The Rent To Monthly Income in Chatham is 0.13x.
Median Home Value
Median Rent
Median Income
Chatham, IL Costs By Category
Detailed Chatham Services Costs Vs. Illinois
Detailed Chatham Groceries Costs Vs. Illinois
Detailed Chatham Health Costs Vs. Illinois
Detailed Chatham Transportation Costs Vs. Illinois
Detailed Chatham Utilities Costs Vs. Illinois
Chatham SnackAbility
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Cost Of Living In Cities Around Chatham
The cost of living varies in the cities and towns around Chatham. Here's a quick look at the cost of living in the most populous nearby places:
Springfield, IL has a cost of living index of 87, 0.9x Chatham.
Jacksonville, IL has a cost of living index of 85, 0.9x Chatham.
Lincoln, IL has a cost of living index of 84, 0.9x Chatham.
| City | Population | Cost Of Living | Vs. Chatham |
|---|---|---|---|
| Springfield, IL | 113,714 | 87 | 0.9x |
| Jacksonville, IL | 17,490 | 85 | 0.9x |
| Lincoln, IL | 13,406 | 84 | 0.9x |
| Middletown, KY | 9,622 | 105 | 1.1x |
| Mount Zion, IL | 6,076 | 84 | 0.9x |
| Beardstown, IL | 6,047 | 78 | 0.8x |
| Hillsboro, IL | 5,693 | 82 | 0.8x |
| Carlinville, IL | 5,574 | 86 | 0.9x |
| Pana, IL | 5,277 | 74 | 0.8x |
