Granite City, IL Cost Of Living
Cost Of Living In Granite City, IL Summary
Cost of living in Granite City 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 Granite City 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 Granite City is 84, with 100 being the average.
The cost of living index in Granite City is 0.8x lower than the national average.
Granite City ranks as the #38 cheapest in Illinois out of 336.
Granite City ranks as the #406 cheapest out of 6,489 in the US.
The median home value in Granite City is $112,192.
The median income in Granite City is $60,490.
Table Of Contents
Granite City's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Granite City, IL?
According to the most recent data on the cost of living, Granite City has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Illinois, Granite City has a cost of living index that's 0.9x lower than Illinois's index of 97.
The standard of living in Granite City ranks as #38 most affordable out of the 336 places we measured in Illinois. By definition, that implies Granite City ranks as the #298 most expensive place in the Prairie State.
For more reading on life in Granite City, check out:
In Illinois
In America
Granite City Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Granite City. Here is how it fairs on each of the criteria:
The Services index in Granite City is 93.
The Groceries index in Granite City is 95.
The Health index in Granite City is 87.
The Housing index in Granite City is 56.
The Transportation index in Granite City is 92.
The Utilities index in Granite City is 100.
| Living Expense | Granite City | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 84 | 97 | 100 | |
| Services | 93 | 95 | 100 | |
| Groceries | 95 | 99 | 100 | |
| Health | 87 | 93 | 100 | |
| Housing | 56 | 95 | 100 | |
| Transportation | 92 | 102 | 100 | |
| Utilities | 100 | 91 | 100 | |
Granite City, 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 Granite City is $112,192.
The Median Rent in Granite City is $761.
The Median Income in Granite City is $60,490.
The Home Value To Income in Granite City is 1.9x.
The Rent To Monthly Income in Granite City is 0.15x.
| Statistic | Granite City | Illinois | United States |
|---|---|---|---|
| Median Home Value | $112,192 | $283,508 | $303,400 |
| Median Rent | $761 | $1,227 | $1,348 |
| Median Income | $60,490 | $81,702 | $78,538 |
| Home Value To Income | 1.9x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Granite City, IL Costs By Category
Detailed Granite City Services Costs Vs. Illinois
| Item | Granite City | Illinois |
|---|---|---|
| Shampoo | $1.11 | $1.28 |
| Movie | $11.28 | $12.13 |
| Bowling | $16.92 | $18 |
| Haircut | $21.19 | $24.26 |
| Beauty Salon | $40.57 | $45.56 |
Detailed Granite City Groceries Costs Vs. Illinois
| Item | Granite City | Illinois |
|---|---|---|
| Ground Beef | $6.4 | $5.84 |
| Fried Chicken | $1.36 | $1.57 |
| Milk | $4.5 | $4.67 |
| Potatoes | $5.28 | $4.93 |
| Pizza | $10.84 | $12.09 |
| Beer | $9.47 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Granite City Health Costs Vs. Illinois
| Item | Granite City | Illinois |
|---|---|---|
| Optometrist | $125.72 | $125.68 |
| Doctor | $124.51 | $135.78 |
| Dentist | $100.78 | $113.29 |
Detailed Granite City Transportation Costs Vs. Illinois
| Item | Granite City | Illinois |
|---|---|---|
| Gasoline | $3.2 | $3.46 |
| Tire Balancing | $50.0 | $59.92 |
Detailed Granite City Utilities Costs Vs. Illinois
| Item | Granite City | Illinois |
|---|---|---|
| All Electricity | $133.84 | $193.99 |
| Phone | $188.69 | $192.25 |
Granite City SnackAbility
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