Cost of living in Swansea 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 Swansea 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 Swansea is 94, with 100 being the average.
The cost of living index in Swansea is 0.9x lower than the national average.
Swansea ranks as the #120 cheapest in Illinois out of 338.
Swansea ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Swansea is $170,200.
The median income in Swansea is $80,331.
According to the most recent data on the cost of living, Swansea has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Illinois, Swansea has a cost of living index that's 1.0x higher than Illinois's index of 92.
The standard of living in Swansea ranks as #120 most affordable out of the 338 places we measured in Illinois. By definition, that implies Swansea ranks as the #218 most expensive place in the Prairie State.
For more reading on life in Swansea, check out:
Six factors go into calculating the cost of living index in Swansea. Here is how it fairs on each of the criteria:
The Services index in Swansea is 94.
The Groceries index in Swansea is 100.
The Health index in Swansea is 88.
The Housing index in Swansea is 92.
The Transportation index in Swansea is 92.
The Utilities index in Swansea is 96.
|Living Expense||Swansea||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 Swansea is $170,200.
The Median Rent in Swansea is $1,070.
The Median Income in Swansea is $80,331.
The Home Value To Income in Swansea is 2.1x.
The Rent To Monthly Income in Swansea is 0.16x.
|Median Home Value||$170,200||$212,600||$244,900|
|Home Value To Income||2.1x||2.9x||3.5x|
|Rent To Monthly Income||0.16x||0.18x||0.2x|
The cost of living varies in the cities and towns around Swansea. Here's a quick look at the cost of living in the most populous nearby places:
Belleville, IL has a cost of living index of 86, 0.9x Swansea.
O'Fallon, IL has a cost of living index of 99, 1.1x Swansea.
Edwardsville, IL has a cost of living index of 98, 1.0x Swansea.
|City||Population||Cost Of Living||Vs. Swansea|
|Fairview Heights, IL||16,601||87||0.9x|
|Glen Carbon, IL||13,532||97||1.0x|