The cost of living index in Rantoul, IL, shows that housing costs are 15% lower than the nationwide average, while groceries and healthcare are close to the average at 5% and 12% higher, respectively. Utilities, transportation, and miscellaneous expenses are all slightly below the national average, with utilities at 10% lower and miscellaneous expenses at 13% lower.
Comparing overall costs, Rantoul has a cost of living index of 90, making it 10% cheaper than the national average of 100. This indicates that living in Rantoul can be more affordable in several areas for job seekers considering relocation.
The cost of living index in Rantoul, Illinois, presents a compelling picture for potential residents. Notably, the housing cost index stands at 85, which means it is 15% lower than the nationwide average. This reduction in housing costs can be a significant benefit for those considering a move to Rantoul. Lower housing expenses often translate to more disposable income, which can be vital for families and individuals looking to balance their budget.
In addition to housing, other essential living expenses in Rantoul compare favorably to the national average. For instance, the grocery cost index is at 95, indicating it is only 5% higher than the nationwide average. This makes everyday food purchases slightly more affordable. Utilities are also 10% below the average, with an index of 90, and transportation costs are just 8% above the national average at 92. Healthcare and miscellaneous expenses mirror similar trends, with indices at 88 and 87, respectively. These figures suggest that living in Rantoul offers a balanced approach to everyday costs, making it an attractive option for those seeking a more affordable lifestyle without significant trade-offs in quality or convenience.
