You get a lot for your money in northwest Illinois, whether it is for work, home life, or play. Take a look at the specifics and ponder what your hard-earned dollars can buy you here compared to the alternatives.
For example, download this Cost of Living Index for Major Metro Areas* that compares urban areas which are 30 to 200 miles outside our region, like Chicago, Milwaukee and Springfield.
Then, review the projected Cost of Living Index for Stephenson County to see how the communities in our region compare to the national average. The average for all participating places, both metropolitan and nonmetropolitan, equals 100, and each participant’s index is read as a percentage of the average for all places.
Please note: Indexes for Stephenson County are projected, not actual, because the communities do not have minimum populations of 50,000.
*Each quarter, the Council for Community and Economic Research, formerly known as ACCRA, produces a reasonably accurate Cost of Living Index that measures relative price levels for consumer goods and services among participating urban areas with a minimum population of 50,000. All items are priced in each place at a specified time and according to standardized specifications.
The Council for Community and Economic Research
P.O. BOX 100127
Arlington, VA 22210