Machesney Park, IL Cost Of Living
Cost Of Living In Machesney Park, IL Summary
Cost of living in Machesney Park 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 Machesney Park 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 Machesney Park is 90, with 100 being the average.
The cost of living index in Machesney Park is 0.9x lower than the national average.
Machesney Park ranks as the #82 cheapest in Illinois out of 336.
Machesney Park ranks as the #1,206 cheapest out of 6,489 in the US.
The median home value in Machesney Park is $197,511.
The median income in Machesney Park is $74,244.
Table Of Contents
Machesney Park's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Machesney Park, IL?
According to the most recent data on the cost of living, Machesney Park has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Illinois, Machesney Park has a cost of living index that's 0.9x lower than Illinois's index of 98.
The standard of living in Machesney Park ranks as #82 most affordable out of the 336 places we measured in Illinois. By definition, that implies Machesney Park ranks as the #254 most expensive place in the Prairie State.
For more reading on life in Machesney Park, check out:
In Illinois
In America
Machesney Park Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Machesney Park. Here is how it fairs on each of the criteria:
The Services index in Machesney Park is 91.
The Groceries index in Machesney Park is 98.
The Health index in Machesney Park is 102.
The Housing index in Machesney Park is 80.
The Transportation index in Machesney Park is 111.
The Utilities index in Machesney Park is 88.
| Living Expense | Machesney Park | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 90 | 98 | 100 | |
| Services | 91 | 95 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 102 | 96 | 100 | |
| Housing | 80 | 94 | 100 | |
| Transportation | 111 | 101 | 100 | |
| Utilities | 88 | 87 | 100 | |
Machesney Park, 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 Machesney Park is $197,511.
The Median Rent in Machesney Park is $1,109.
The Median Income in Machesney Park is $74,244.
The Home Value To Income in Machesney Park is 2.7x.
The Rent To Monthly Income in Machesney Park is 0.18x.
| Statistic | Machesney Park | Illinois | United States |
|---|---|---|---|
| Median Home Value | $197,511 | $283,508 | $303,400 |
| Median Rent | $1,109 | $1,227 | $1,348 |
| Median Income | $74,244 | $81,702 | $78,538 |
| Home Value To Income | 2.7x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Machesney Park, IL Costs By Category
Detailed Machesney Park Services Costs Vs. Illinois
| Item | Machesney Park | Illinois |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $12.73 | $12.13 |
| Bowling | $12.67 | $18.0 |
| Haircut | $19.94 | $24.26 |
| Beauty Salon | $36.22 | $45.56 |
Detailed Machesney Park Groceries Costs Vs. Illinois
| Item | Machesney Park | Illinois |
|---|---|---|
| Ground Beef | $5.72 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.82 | $4.93 |
| Pizza | $10.99 | $12.09 |
| Beer | $9.56 | $10.41 |
| Toothpaste | $3.58 | $3.7 |
Detailed Machesney Park Health Costs Vs. Illinois
| Item | Machesney Park | Illinois |
|---|---|---|
| Optometrist | $79.67 | $125.68 |
| Doctor | $158.33 | $135.78 |
| Dentist | $110.16 | $113.29 |
Detailed Machesney Park Transportation Costs Vs. Illinois
| Item | Machesney Park | Illinois |
|---|---|---|
| Gasoline | $3.69 | $3.46 |
| Tire Balancing | $70.28 | $59.92 |
Detailed Machesney Park Utilities Costs Vs. Illinois
| Item | Machesney Park | Illinois |
|---|---|---|
| All Electricity | $147.39 | $193.99 |
| Phone | $198.03 | $192.25 |
Machesney Park SnackAbility
/10
Cost Of Living In Cities Around Machesney Park
The cost of living varies in the cities and towns around Machesney Park. 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 82, 0.9x Machesney Park.
Beloit, WI has a cost of living index of 82, 0.9x Machesney Park.
Belvidere, IL has a cost of living index of 86, 1.0x Machesney Park.
| City | Population | Cost Of Living | Vs. Machesney Park |
|---|---|---|---|
| Rockford, IL | 147,649 | 82 | 0.9x |
| Beloit, WI | 36,554 | 82 | 0.9x |
| Belvidere, IL | 24,510 | 86 | 1.0x |
| Loves Park, IL | 23,185 | 85 | 0.9x |
| Roscoe, IL | 10,881 | 98 | 1.1x |
| Rockton, IL | 8,238 | 94 | 1.0x |
| South Beloit, IL | 7,930 | 87 | 1.0x |
| Candlewick Lake, IL | 5,459 | 94 | 1.0x |
