Carpentersville, IL Cost Of Living
Cost Of Living In Carpentersville, IL Summary
Cost of living in Carpentersville 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 Carpentersville 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 Carpentersville is 105, with 100 being the average.
The cost of living index in Carpentersville is 1.1x higher than the national average.
Carpentersville ranks as the #185 cheapest in Illinois out of 336.
Carpentersville ranks as the #3,177 cheapest out of 6,489 in the US.
The median home value in Carpentersville is $281,182.
The median income in Carpentersville is $86,327.
Table Of Contents
Carpentersville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Carpentersville, IL?
According to the most recent data on the cost of living, Carpentersville has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Illinois, Carpentersville has a cost of living index that's 1.1x higher than Illinois's index of 97.
The standard of living in Carpentersville ranks as #185 most affordable out of the 336 places we measured in Illinois. By definition, that implies Carpentersville ranks as the #151 most expensive place in the Prairie State.
For more reading on life in Carpentersville, check out:
In Illinois
In America
Carpentersville Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Carpentersville. Here is how it fairs on each of the criteria:
The Services index in Carpentersville is 107.
The Groceries index in Carpentersville is 104.
The Health index in Carpentersville is 106.
The Housing index in Carpentersville is 107.
The Transportation index in Carpentersville is 105.
The Utilities index in Carpentersville is 87.
| Living Expense | Carpentersville | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 105 | 97 | 100 | |
| Services | 107 | 95 | 100 | |
| Groceries | 104 | 99 | 100 | |
| Health | 106 | 93 | 100 | |
| Housing | 107 | 95 | 100 | |
| Transportation | 105 | 102 | 100 | |
| Utilities | 87 | 91 | 100 | |
Carpentersville, 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 Carpentersville is $281,182.
The Median Rent in Carpentersville is $1,420.
The Median Income in Carpentersville is $86,327.
The Home Value To Income in Carpentersville is 3.3x.
The Rent To Monthly Income in Carpentersville is 0.2x.
| Statistic | Carpentersville | Illinois | United States |
|---|---|---|---|
| Median Home Value | $281,182 | $283,508 | $303,400 |
| Median Rent | $1,420 | $1,227 | $1,348 |
| Median Income | $86,327 | $81,702 | $78,538 |
| Home Value To Income | 3.3x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Carpentersville, IL Costs By Category
Detailed Carpentersville Services Costs Vs. Illinois
| Item | Carpentersville | Illinois |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $17.91 | $12.13 |
| Bowling | $24.58 | $18 |
| Haircut | $33.69 | $24.26 |
| Beauty Salon | $53.44 | $45.56 |
Detailed Carpentersville Groceries Costs Vs. Illinois
| Item | Carpentersville | Illinois |
|---|---|---|
| Ground Beef | $5.28 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.87 | $4.67 |
| Potatoes | $4.9 | $4.93 |
| Pizza | $13.41 | $12.09 |
| Beer | $10.0 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Carpentersville Health Costs Vs. Illinois
| Item | Carpentersville | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Carpentersville Transportation Costs Vs. Illinois
| Item | Carpentersville | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Carpentersville Utilities Costs Vs. Illinois
| Item | Carpentersville | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Carpentersville SnackAbility
/10
Cost Of Living In Cities Around Carpentersville
The cost of living varies in the cities and towns around Carpentersville. Here's a quick look at the cost of living in the most populous nearby places:
Elgin, IL has a cost of living index of 107, 1.0x Carpentersville.
Arlington Heights, IL has a cost of living index of 124, 1.2x Carpentersville.
Mount Prospect, IL has a cost of living index of 122, 1.2x Carpentersville.
| City | Population | Cost Of Living | Vs. Carpentersville |
|---|---|---|---|
| Elgin, IL | 114,106 | 107 | 1.0x |
| Arlington Heights, IL | 76,220 | 124 | 1.2x |
| Mount Prospect, IL | 55,648 | 122 | 1.2x |
| Hoffman Estates, IL | 51,186 | 118 | 1.1x |
| Buffalo Grove, IL | 42,824 | 125 | 1.2x |
| Bartlett, IL | 40,531 | 122 | 1.2x |
| Algonquin, IL | 29,904 | 110 | 1.0x |
| Lake in the Hills, IL | 28,853 | 104 | 1.0x |
| Vernon Hills, IL | 26,772 | 125 | 1.2x |
| Lake Zurich, IL | 19,727 | 127 | 1.2x |
