Candlewick Lake, IL Cost Of Living
Cost Of Living In Candlewick Lake, IL Summary
Cost of living in Candlewick Lake 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 Candlewick Lake 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 Candlewick Lake is 94, with 100 being the average.
The cost of living index in Candlewick Lake is 0.9x lower than the national average.
Candlewick Lake ranks as the #107 cheapest in Illinois out of 336.
Candlewick Lake ranks as the #1,806 cheapest out of 6,489 in the US.
The median home value in Candlewick Lake is $191,495.
The median income in Candlewick Lake is $94,820.
Table Of Contents
Candlewick Lake's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Candlewick Lake, IL?
According to the most recent data on the cost of living, Candlewick Lake has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Illinois, Candlewick Lake has a cost of living index that's 1.0x lower than Illinois's index of 97.
The standard of living in Candlewick Lake ranks as #107 most affordable out of the 336 places we measured in Illinois. By definition, that implies Candlewick Lake ranks as the #229 most expensive place in the Prairie State.
For more reading on life in Candlewick Lake, check out:
In Illinois
In America
Candlewick Lake Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Candlewick Lake. Here is how it fairs on each of the criteria:
The Services index in Candlewick Lake is 90.
The Groceries index in Candlewick Lake is 97.
The Health index in Candlewick Lake is 103.
The Housing index in Candlewick Lake is 96.
The Transportation index in Candlewick Lake is 111.
The Utilities index in Candlewick Lake is 89.
| Living Expense | Candlewick Lake | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 94 | 97 | 100 | |
| Services | 90 | 95 | 100 | |
| Groceries | 97 | 99 | 100 | |
| Health | 103 | 93 | 100 | |
| Housing | 96 | 95 | 100 | |
| Transportation | 111 | 102 | 100 | |
| Utilities | 89 | 91 | 100 | |
Candlewick Lake, 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 2019-2023. The key points are:
The Median Home Value in Candlewick Lake is $191,495.
The Median Rent in Candlewick Lake is $1,539.
The Median Income in Candlewick Lake is $94,820.
The Home Value To Income in Candlewick Lake is 2.0x.
The Rent To Monthly Income in Candlewick Lake is 0.19x.
| Statistic | Candlewick Lake | Illinois | United States |
|---|---|---|---|
| Median Home Value | $191,495 | $283,508 | $303,400 |
| Median Rent | $1,539 | $1,227 | $1,348 |
| Median Income | $94,820 | $81,702 | $78,538 |
| Home Value To Income | 2.0x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Candlewick Lake, IL Costs By Category
Detailed Candlewick Lake Services Costs Vs. Illinois
| Item | Candlewick Lake | Illinois |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $12.73 | $12.13 |
| Bowling | $12.67 | $18 |
| Haircut | $19.94 | $24.26 |
| Beauty Salon | $36.22 | $45.56 |
Detailed Candlewick Lake Groceries Costs Vs. Illinois
| Item | Candlewick Lake | Illinois |
|---|---|---|
| Ground Beef | $5.72 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.82 | $4.93 |
| Pizza | $10.99 | $12.09 |
| Beer | $9.56 | $10.41 |
| Toothpaste | $3.58 | $3.7 |
Detailed Candlewick Lake Health Costs Vs. Illinois
| Item | Candlewick Lake | Illinois |
|---|---|---|
| Optometrist | $79.67 | $125.68 |
| Doctor | $158.33 | $135.78 |
| Dentist | $110.16 | $113.29 |
Detailed Candlewick Lake Transportation Costs Vs. Illinois
| Item | Candlewick Lake | Illinois |
|---|---|---|
| Gasoline | $3.69 | $3.46 |
| Tire Balancing | $70.28 | $59.92 |
Detailed Candlewick Lake Utilities Costs Vs. Illinois
| Item | Candlewick Lake | Illinois |
|---|---|---|
| All Electricity | $147.39 | $193.99 |
| Phone | $198.03 | $192.25 |
Candlewick Lake SnackAbility
/10
Cost Of Living In Cities Around Candlewick Lake
The cost of living varies in the cities and towns around Candlewick Lake. Here's a quick look at the cost of living in the most populous nearby places:
Rockford, IL has a cost of living index of 82, 0.9x Candlewick Lake.
Belvidere, IL has a cost of living index of 86, 0.9x Candlewick Lake.
Loves Park, IL has a cost of living index of 85, 0.9x Candlewick Lake.
| City | Population | Cost Of Living | Vs. Candlewick Lake |
|---|---|---|---|
| Rockford, IL | 147,649 | 82 | 0.9x |
| Belvidere, IL | 24,510 | 86 | 0.9x |
| Loves Park, IL | 23,185 | 85 | 0.9x |
| Machesney Park, IL | 22,744 | 90 | 1.0x |
| Roscoe, IL | 10,881 | 98 | 1.0x |
| Harvard, IL | 9,875 | 91 | 1.0x |
| Rockton, IL | 8,238 | 94 | 1.0x |
| South Beloit, IL | 7,930 | 87 | 0.9x |
| Marengo, IL | 7,123 | 92 | 1.0x |
