Buffalo Grove, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Buffalo Grove, IL Summary

Cost of living in Buffalo Grove 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 Buffalo Grove 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 Buffalo Grove is 121, with 100 being the average.

  • The cost of living index in Buffalo Grove is 1.2x higher than the national average.

  • Buffalo Grove ranks as the #295 cheapest in Illinois out of 338.

  • Buffalo Grove ranks as the #4,857 cheapest out of 6,412 in the US.

  • The median home value in Buffalo Grove is $341,400.

  • The median income in Buffalo Grove is $121,212.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
121
Buffalo Grove's Overall Cost Of Living
1.2x
Higher Than The National Average

What is the cost of living in Buffalo Grove, IL?

According to the most recent data on the cost of living, Buffalo Grove has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.

Compared to Illinois, Buffalo Grove has a cost of living index that's 1.3x higher than Illinois's index of 92.

The standard of living in Buffalo Grove ranks as #295 most affordable out of the 338 places we measured in Illinois. By definition, that implies Buffalo Grove ranks as the #43 most expensive place in the Prairie State.

For more reading on life in Buffalo Grove, check out:

295 out of 338
In Illinois
4,857 out of 6,412
In America

Buffalo Grove Cost Of Living Vs. Illinois

Six factors go into calculating the cost of living index in Buffalo Grove. Here is how it fairs on each of the criteria:

  • The Services index in Buffalo Grove is 113.

  • The Groceries index in Buffalo Grove is 109.

  • The Health index in Buffalo Grove is 97.

  • The Housing index in Buffalo Grove is 157.

  • The Transportation index in Buffalo Grove is 115.

  • The Utilities index in Buffalo Grove is 94.

Living Expense Buffalo Grove Illinois National Average
Overall 121 92 100
Services 113 95 100
Groceries 109 98 100
Health 97 96 100
Housing 157 81 100
Transportation 115 105 100
Utilities 94 90 100
For more reading on cost of living around Illinois, check out:
Buffalo Grove Cost of Living Vs. IL

Buffalo Grove, 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 Buffalo Grove is $341,400.

  • The Median Rent in Buffalo Grove is $1,800.

  • The Median Income in Buffalo Grove is $121,212.

  • The Home Value To Income in Buffalo Grove is 2.8x.

  • The Rent To Monthly Income in Buffalo Grove is 0.18x.

Statistic Buffalo Grove Illinois United States
Median Home Value $341,400 $212,600 $244,900
Median Rent $1,800 $1,097 $1,163
Median Income $121,212 $72,563 $69,021
Home Value To Income 2.8x 2.9x 3.5x
Rent To Monthly Income 0.18x 0.18x 0.2x
Search Homes For Sale In Buffalo Grove, IL
$341,400
Median Home Value
$1,800
Median Rent
$121,212
Median Income

Buffalo Grove, IL Costs By Category

Detailed Buffalo Grove Services Costs Vs. Illinois

Item Buffalo Grove Illinois
Shampoo $1.06 $1.06
Movie $14.85 $10.68
Bowling $15.76 $14.67
Haircut $27.76 $18.62
Beauty Salon $65.57 $39.05

Detailed Buffalo Grove Groceries Costs Vs. Illinois

Item Buffalo Grove Illinois
Ground Beef $4.87 $4.22
Fried Chicken $1.99 $1.39
Milk $2.42 $2.05
Potatoes $3.23 $3.29
Pizza $12.0 $10.62
Beer $8.61 $9.38
Toothpaste $2.46 $2.34

Detailed Buffalo Grove Health Costs Vs. Illinois

Item Buffalo Grove Illinois
Optometrist $96.76 $108.57
Doctor $104.96 $116.17
Dentist $101.82 $99.13

Detailed Buffalo Grove Transportation Costs Vs. Illinois

Item Buffalo Grove Illinois
Gasoline $2.51 $2.22
Tire Balancing $56.85 $50.07

Detailed Buffalo Grove Utilities Costs Vs. Illinois

Item Buffalo Grove Illinois
All Electricity $131.89 $167.67
Phone $203.16 $175.64

Buffalo Grove SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
8
Diversity
8.5
Safety
10
Amenities
9.5
Education
9.5
Commute
5

Cost Of Living In Cities Around Buffalo Grove

The cost of living varies in the cities and towns around Buffalo Grove. 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, 1.0x Buffalo Grove.

  • Glenview, IL has a cost of living index of 147, 1.2x Buffalo Grove.

  • Elmhurst, IL has a cost of living index of 131, 1.1x Buffalo Grove.

City Population Cost Of Living Vs. Buffalo Grove
Arlington Heights, IL 77,283 125 1.0x
Glenview, IL 48,150 147 1.2x
Elmhurst, IL 45,661 131 1.1x
Park Ridge, IL 39,562 131 1.1x
Wheeling, IL 39,104 108 0.9x
Northbrook, IL 35,108 156 1.3x
Highland Park, IL 30,245 152 1.3x
Wilmette, IL 27,895 166 1.4x
Vernon Hills, IL 26,723 126 1.0x
Lake Zurich, IL 19,807 125 1.0x

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