Chatham, IL Cost Of Living
Cost Of Living In Chatham, IL Summary
Cost of living in Chatham 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 Chatham 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 Chatham is 102, with 100 being the average.
The cost of living index in Chatham is 1.0x higher than the national average.
Chatham ranks as the #180 cheapest in Illinois out of 338.
Chatham ranks as the #3,380 cheapest out of 6,412 in the US.
The median home value in Chatham is $201,200.
The median income in Chatham is $95,310.
Table Of Contents
Chatham's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Chatham, IL?
According to the most recent data on the cost of living, Chatham has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Illinois, Chatham has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Chatham ranks as #180 most affordable out of the 338 places we measured in Illinois. By definition, that implies Chatham ranks as the #158 most expensive place in the Prairie State.
For more reading on life in Chatham, check out:
- Living In Chatham
- Chatham Crime Report
- Search Homes For Sale In Chatham, IL
In Illinois
In America
Chatham Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Chatham. Here is how it fairs on each of the criteria:
The Services index in Chatham is 106.
The Groceries index in Chatham is 96.
The Health index in Chatham is 106.
The Housing index in Chatham is 100.
The Transportation index in Chatham is 102.
The Utilities index in Chatham is 89.
| Living Expense | Chatham | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 102 | 92 | 100 | |
| Services | 106 | 95 | 100 | |
| Groceries | 96 | 98 | 100 | |
| Health | 106 | 96 | 100 | |
| Housing | 100 | 81 | 100 | |
| Transportation | 102 | 105 | 100 | |
| Utilities | 89 | 90 | 100 | |
Chatham, 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 Chatham is $201,200.
The Median Rent in Chatham is $1,088.
The Median Income in Chatham is $95,310.
The Home Value To Income in Chatham is 2.1x.
The Rent To Monthly Income in Chatham is 0.14x.
| Statistic | Chatham | Illinois | United States |
|---|---|---|---|
| Median Home Value | $201,200 | $212,600 | $244,900 |
| Median Rent | $1,088 | $1,097 | $1,163 |
| Median Income | $95,310 | $72,563 | $69,021 |
| Home Value To Income | 2.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Chatham, IL Costs By Category
Detailed Chatham Services Costs Vs. Illinois
Detailed Chatham Groceries Costs Vs. Illinois
Detailed Chatham Health Costs Vs. Illinois
Detailed Chatham Transportation Costs Vs. Illinois
Detailed Chatham Utilities Costs Vs. Illinois
Chatham SnackAbility
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Cost Of Living In Cities Around Chatham
The cost of living varies in the cities and towns around Chatham. Here's a quick look at the cost of living in the most populous nearby places:
Springfield, IL has a cost of living index of 93, 0.9x Chatham.
Jacksonville, IL has a cost of living index of 88, 0.9x Chatham.
Lincoln, IL has a cost of living index of 88, 0.9x Chatham.
| City | Population | Cost Of Living | Vs. Chatham |
|---|---|---|---|
| Springfield, IL | 114,672 | 93 | 0.9x |
| Jacksonville, IL | 18,114 | 88 | 0.9x |
| Lincoln, IL | 13,217 | 88 | 0.9x |
| Middletown, KY | 9,473 | 103 | 1.0x |
| Hillsboro, IL | 6,633 | 85 | 0.8x |
| Mount Zion, IL | 6,092 | 87 | 0.9x |
| Beardstown, IL | 5,839 | 84 | 0.8x |
| Carlinville, IL | 5,719 | 84 | 0.8x |
| Pana, IL | 5,304 | 76 | 0.7x |
