Cost of living in Macomb 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 Macomb 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 Macomb is 84, with 100 being the average.
The cost of living index in Macomb is 0.8x lower than the national average.
Macomb ranks as the #44 cheapest in Illinois out of 338.
Macomb ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Macomb is $91,300.
The median income in Macomb is $33,588.
According to the most recent data on the cost of living, Macomb has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Illinois, Macomb has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Macomb ranks as #44 most affordable out of the 338 places we measured in Illinois. By definition, that implies Macomb ranks as the #294 most expensive place in the Prairie State.
For more reading on life in Macomb, check out:
Six factors go into calculating the cost of living index in Macomb. Here is how it fairs on each of the criteria:
The Services index in Macomb is 88.
The Groceries index in Macomb is 96.
The Health index in Macomb is 99.
The Housing index in Macomb is 62.
The Transportation index in Macomb is 93.
The Utilities index in Macomb is 111.
|Living Expense||Macomb||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 Macomb is $91,300.
The Median Rent in Macomb is $659.
The Median Income in Macomb is $33,588.
The Home Value To Income in Macomb is 2.7x.
The Rent To Monthly Income in Macomb is 0.24x.
|Median Home Value||$91,300||$212,600||$244,900|
|Home Value To Income||2.7x||2.9x||3.5x|
|Rent To Monthly Income||0.24x||0.18x||0.2x|
The cost of living varies in the cities and towns around Macomb. Here's a quick look at the cost of living in the most populous nearby places:
Galesburg, IL has a cost of living index of 81, 1.0x Macomb.
Burlington, IA has a cost of living index of 83, 1.0x Macomb.
Canton, IL has a cost of living index of 83, 1.0x Macomb.