Cost of Living in New Baden, IL

Population 3,493 · Illinois · Data vintage 2023

65
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in New Baden can reasonably expect a home to cost less than three years of household income — $161,000 against $77,542 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. An unemployment rate of 2.9% points to a labor market well on the tight side of the national distribution.

Geographically, New Baden is about 30 miles east of St. Louis, the nearest large metro. Median home values run roughly 13% lower than St. Louis' $185,000.

Cost Overview

Housing 53
Rent 84

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in New Baden

The median home value in New Baden is $160,600 — 47% below the national median of $305,000. Median rent runs $1,110/month, 16% lower than the national median of $1,314/month. The median household income of $77,542/year is 4% higher than the US median of $74,580. The local unemployment rate is 2.9%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, New Baden has a cost of living index of 65 versus the US average of 100, meaning it is 35% less expensive.

🏠 Housing

Median Home Value
$160,600
47% below avg
Zillow Home Value
$417,578
Zillow ZHVI
Median Rent
$1,110/mo
16% below avg
Price-to-Rent Ratio
12.1x
Favors buying
Property Tax Rate
2.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$651
1 BR
$741
2 BR
$899
3 BR
$1,196
4 BR
$1,364
Owner-occupied 59.2%
Renter-occupied 40.8%

💰 Estimated Monthly Budget

Rent median rent
$1,110
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,724/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.1 min
11% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.9%

Commute Mode

Drove alone
66.9%
Carpooled
12.2%
Walked
9.1%
Work from home
11.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 5.0%
Total Sales Tax 8.7%
State rate 6.3%
Avg local rate 2.5%
Property Tax 2.2%

💼 Income & Employment

Median Household Income
$77,542
4% above avg
Per Capita Income
$34,515
Unemployment Rate
2.9%
40% below avg
Poverty Rate
9.7%
Labor Force Participation
67.6%

🎓 Education

Bachelor's degree+ 17.4%
Graduate degree 6.8%

👥 Demographics

Median Age 39.1
Male median age 40.8
Female median age 37.9

Frequently Asked Questions

What is the cost of living in New Baden, IL?

New Baden has a cost index of 65 (100 = national average). It is 35% below the national average.

What is average rent in New Baden, IL?

The median gross rent in New Baden is $1,110 per month based on 2023 Census data.

What is the average home price in New Baden?

The median home value in New Baden is $160,600 according to Zillow and Census data.

What is the median income in New Baden?

The median household income in New Baden is $77,542 per year (2023 ACS 5-year estimates).

What is the sales tax in New Baden, IL?

The combined state and local sales tax rate in New Baden is 8.7%. The Illinois state income tax top rate is 5.0%.

Is New Baden, IL affordable?

Yes, New Baden is generally considered affordable, with a cost of living index of 65 — about 35% below the US national average of 100.

New Baden at a Glance

Population
3,493
Median Income
$77,542
Home Value
$160,600
Median Rent
$1,110/mo
Unemployment
2.9%
Sales Tax
8.7%
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Explore county-level cost of living data

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