Belvidere, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Belvidere, IL Summary

Cost of living in Belvidere 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 Belvidere 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 Belvidere is 84, with 100 being the average.

  • The cost of living index in Belvidere is 0.8x lower than the national average.

  • Belvidere ranks as the #44 cheapest in Illinois out of 338.

  • Belvidere ranks as the #629 cheapest out of 6,412 in the US.

  • The median home value in Belvidere is $120,900.

  • The median income in Belvidere is $57,507.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
84
Belvidere's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Belvidere, IL?

According to the most recent data on the cost of living, Belvidere has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.

Compared to Illinois, Belvidere has a cost of living index that's 0.9x lower than Illinois's index of 92.

The standard of living in Belvidere ranks as #44 most affordable out of the 338 places we measured in Illinois. By definition, that implies Belvidere ranks as the #294 most expensive place in the Prairie State.

For more reading on life in Belvidere, check out:

44 out of 338
In Illinois
629 out of 6,412
In America

Belvidere Cost Of Living Vs. Illinois

Six factors go into calculating the cost of living index in Belvidere. Here is how it fairs on each of the criteria:

  • The Services index in Belvidere is 95.

  • The Groceries index in Belvidere is 94.

  • The Health index in Belvidere is 109.

  • The Housing index in Belvidere is 61.

  • The Transportation index in Belvidere is 105.

  • The Utilities index in Belvidere is 91.

Living Expense Belvidere Illinois National Average
Overall 84 92 100
Services 95 95 100
Groceries 94 98 100
Health 109 96 100
Housing 61 81 100
Transportation 105 105 100
Utilities 91 90 100
For more reading on cost of living around Illinois, check out:
Belvidere Cost of Living Vs. IL

Belvidere, 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 2017-2021. The key points are:

  • The Median Home Value in Belvidere is $120,900.

  • The Median Rent in Belvidere is $895.

  • The Median Income in Belvidere is $57,507.

  • The Home Value To Income in Belvidere is 2.1x.

  • The Rent To Monthly Income in Belvidere is 0.19x.

Statistic Belvidere Illinois United States
Median Home Value $120,900 $212,600 $244,900
Median Rent $895 $1,097 $1,163
Median Income $57,507 $72,563 $69,021
Home Value To Income 2.1x 2.9x 3.5x
Rent To Monthly Income 0.19x 0.18x 0.2x
Search Homes For Sale In Belvidere, IL
$120,900
Median Home Value
$895
Median Rent
$57,507
Median Income

Belvidere, IL Costs By Category

Detailed Belvidere Services Costs Vs. Illinois

Item Belvidere Illinois
Shampoo $1.0 $1.06
Movie $11.76 $10.68
Bowling $12.42 $14.67
Haircut $15.8 $18.62
Beauty Salon $32.1 $39.05

Detailed Belvidere Groceries Costs Vs. Illinois

Item Belvidere Illinois
Ground Beef $3.88 $4.22
Fried Chicken $1.49 $1.39
Milk $1.57 $2.05
Potatoes $3.35 $3.29
Pizza $10.49 $10.62
Beer $8.17 $9.38
Toothpaste $2.31 $2.34

Detailed Belvidere Health Costs Vs. Illinois

Item Belvidere Illinois
Optometrist $73.81 $108.57
Doctor $162.33 $116.17
Dentist $102.11 $99.13

Detailed Belvidere Transportation Costs Vs. Illinois

Item Belvidere Illinois
Gasoline $2.39 $2.22
Tire Balancing $50.79 $50.07

Detailed Belvidere Utilities Costs Vs. Illinois

Item Belvidere Illinois
All Electricity $130.38 $167.67
Phone $191.29 $175.64

Belvidere SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
6
Affordability
8
Diversity
8.5
Safety
N/A
Amenities
9
Education
4
Commute
7

Cost Of Living In Cities Around Belvidere

The cost of living varies in the cities and towns around Belvidere. 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 86, 1.0x Belvidere.

  • Loves Park, IL has a cost of living index of 86, 1.0x Belvidere.

  • Machesney Park, IL has a cost of living index of 88, 1.0x Belvidere.

City Population Cost Of Living Vs. Belvidere
Rockford, IL 148,942 86 1.0x
Loves Park, IL 23,223 86 1.0x
Machesney Park, IL 22,870 88 1.0x
Roscoe, IL 11,092 97 1.2x
Harvard, IL 9,482 91 1.1x
Rockton, IL 8,051 94 1.1x
South Beloit, IL 7,943 86 1.0x
Marengo, IL 7,466 92 1.1x
Candlewick Lake, IL 5,154 93 1.1x
Genoa, IL 5,139 90 1.1x

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