Godfrey, IL Cost Of Living
Cost Of Living In Godfrey, IL Summary
Cost of living in Godfrey 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 Godfrey 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 Godfrey is 90, with 100 being the average.
The cost of living index in Godfrey is 0.9x lower than the national average.
Godfrey ranks as the #95 cheapest in Illinois out of 338.
Godfrey ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Godfrey is $155,200.
The median income in Godfrey is $80,560.
Table Of Contents
Godfrey's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Godfrey, IL?
According to the most recent data on the cost of living, Godfrey has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Illinois, Godfrey has a cost of living index that's 1.0x lower than Illinois's index of 92.
The standard of living in Godfrey ranks as #95 most affordable out of the 338 places we measured in Illinois. By definition, that implies Godfrey ranks as the #243 most expensive place in the Prairie State.
For more reading on life in Godfrey, check out:
- Living In Godfrey
- Search Homes For Sale In Godfrey, IL
In Illinois
In America
Godfrey Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Godfrey. Here is how it fairs on each of the criteria:
The Services index in Godfrey is 93.
The Groceries index in Godfrey is 103.
The Health index in Godfrey is 88.
The Housing index in Godfrey is 76.
The Transportation index in Godfrey is 92.
The Utilities index in Godfrey is 97.
| Living Expense | Godfrey | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 90 | 92 | 100 | |
| Services | 93 | 95 | 100 | |
| Groceries | 103 | 98 | 100 | |
| Health | 88 | 96 | 100 | |
| Housing | 76 | 81 | 100 | |
| Transportation | 92 | 105 | 100 | |
| Utilities | 97 | 90 | 100 | |
Godfrey, 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 Godfrey is $155,200.
The Median Rent in Godfrey is $1,047.
The Median Income in Godfrey is $80,560.
The Home Value To Income in Godfrey is 1.9x.
The Rent To Monthly Income in Godfrey is 0.16x.
| Statistic | Godfrey | Illinois | United States |
|---|---|---|---|
| Median Home Value | $155,200 | $212,600 | $244,900 |
| Median Rent | $1,047 | $1,097 | $1,163 |
| Median Income | $80,560 | $72,563 | $69,021 |
| Home Value To Income | 1.9x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Godfrey, IL Costs By Category
Detailed Godfrey Services Costs Vs. Illinois
Detailed Godfrey Groceries Costs Vs. Illinois
Detailed Godfrey Health Costs Vs. Illinois
Detailed Godfrey Transportation Costs Vs. Illinois
Detailed Godfrey Utilities Costs Vs. Illinois
Godfrey SnackAbility
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Cost Of Living In Cities Around Godfrey
The cost of living varies in the cities and towns around Godfrey. Here's a quick look at the cost of living in the most populous nearby places:
St. Charles, MO has a cost of living index of 94, 1.0x Godfrey.
Alton, IL has a cost of living index of 83, 0.9x Godfrey.
Edwardsville, IL has a cost of living index of 98, 1.1x Godfrey.
| City | Population | Cost Of Living | Vs. Godfrey |
|---|---|---|---|
| St. Charles, MO | 70,218 | 94 | 1.0x |
| Alton, IL | 25,902 | 83 | 0.9x |
| Edwardsville, IL | 25,236 | 98 | 1.1x |
| Old Jamestown, MO | 20,382 | 98 | 1.1x |
| Glen Carbon, IL | 13,532 | 97 | 1.1x |
| Wood River, IL | 10,325 | 82 | 0.9x |
| Bethalto, IL | 9,414 | 86 | 1.0x |
| Jerseyville, IL | 7,674 | 87 | 1.0x |
| Black Jack, MO | 6,663 | 89 | 1.0x |
| Pontoon Beach, IL | 6,153 | 83 | 0.9x |
