What is the cost of living in Algonquin, IL?
According to the most recent data on the cost of living, Algonquin has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to Illinois, Algonquin has a cost of living index that's 1.2x higher than Illinois's index of 98.
The standard of living in Algonquin ranks as #266 most affordable out of the 336 places we measured in Illinois. By definition, that implies Algonquin ranks as the #70 most expensive place in the Prairie State.
For more reading on life in Algonquin, check out:
Algonquin Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Algonquin. Here is how it fares on each of the criteria:
The Services index in Algonquin is 99.
The Groceries index in Algonquin is 101.
The Health index in Algonquin is 154.
The Housing index in Algonquin is 100.
The Transportation index in Algonquin is 99.
The Utilities index in Algonquin is 96.
| Living Expense | Algonquin | Illinois | National Average |
|---|---|---|---|
| Overall | 117 | 98 | 100 |
| Services | 99 | 99 | 100 |
| Groceries | 101 | 99 | 100 |
| Health | 154 | 96 | 100 |
| Housing | 100 | 101 | 100 |
| Transportation | 99 | 99 | 100 |
| Utilities | 96 | 101 | 100 |
Algonquin Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in Algonquin Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Algonquin, 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 2020-2024. The key points are:
The Median Home Value in Algonquin is $406,940.
The Median Rent in Algonquin is $1,723.
The Median Income in Algonquin is $134,525.
The Home Value To Income in Algonquin is 3.0x.
The Rent To Monthly Income in Algonquin is 0.15x.
Algonquin, IL Costs By Category
Detailed Algonquin Services costs vs. Illinois
Detailed Algonquin Groceries costs vs. Illinois
Detailed Algonquin Health costs vs. Illinois
Detailed Algonquin Transportation costs vs. Illinois
Algonquin SnackAbility
Cost Of Living In Cities Around Algonquin
The cost of living varies in the cities and towns around Algonquin. Here's a quick look at the cost of living in the most populous nearby places:
Arlington Heights, IL has a cost of living index of 125, 1.1x Algonquin.
Palatine, IL has a cost of living index of 113, 1.0x Algonquin.
Hoffman Estates, IL has a cost of living index of 118, 1.0x Algonquin.
| City | Population | Cost Of Living | Vs. Algonquin |
|---|---|---|---|
| Arlington Heights, IL | 76,005 | 125 | 1.1x |
| Palatine, IL | 66,293 | 113 | 1.0x |
| Hoffman Estates, IL | 51,175 | 118 | 1.0x |
| Buffalo Grove, IL | 42,891 | 126 | 1.1x |
| Crystal Lake, IL | 40,579 | 107 | 0.9x |
| Bartlett, IL | 40,501 | 119 | 1.0x |
| Carpentersville, IL | 37,346 | 102 | 0.9x |
| Lake in the Hills, IL | 28,800 | 113 | 1.0x |
| Vernon Hills, IL | 26,876 | 126 | 1.1x |
| Libertyville, IL | 20,525 | 133 | 1.1x |
