Elmwood Park, IL Cost Of Living
Cost Of Living In Elmwood Park, IL Summary
Cost of living in Elmwood Park 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 Elmwood Park 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 Elmwood Park is 113, with 100 being the average.
The cost of living index in Elmwood Park is 1.1x higher than the national average.
Elmwood Park ranks as the #238 cheapest in Illinois out of 336.
Elmwood Park ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in Elmwood Park is $337,487.
The median income in Elmwood Park is $84,121.
Table Of Contents
Elmwood Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Elmwood Park, IL?
According to the most recent data on the cost of living, Elmwood Park has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Illinois, Elmwood Park has a cost of living index that's 1.2x higher than Illinois's index of 97.
The standard of living in Elmwood Park ranks as #238 most affordable out of the 336 places we measured in Illinois. By definition, that implies Elmwood Park ranks as the #98 most expensive place in the Prairie State.
For more reading on life in Elmwood Park, check out:
In Illinois
In America
Elmwood Park Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Elmwood Park. Here is how it fairs on each of the criteria:
The Services index in Elmwood Park is 107.
The Groceries index in Elmwood Park is 102.
The Health index in Elmwood Park is 109.
The Housing index in Elmwood Park is 141.
The Transportation index in Elmwood Park is 108.
The Utilities index in Elmwood Park is 91.
| Living Expense | Elmwood Park | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 113 | 97 | 100 | |
| Services | 107 | 95 | 100 | |
| Groceries | 102 | 99 | 100 | |
| Health | 109 | 93 | 100 | |
| Housing | 141 | 95 | 100 | |
| Transportation | 108 | 102 | 100 | |
| Utilities | 91 | 91 | 100 | |
Elmwood Park, 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 Elmwood Park is $337,487.
The Median Rent in Elmwood Park is $1,295.
The Median Income in Elmwood Park is $84,121.
The Home Value To Income in Elmwood Park is 4.0x.
The Rent To Monthly Income in Elmwood Park is 0.18x.
| Statistic | Elmwood Park | Illinois | United States |
|---|---|---|---|
| Median Home Value | $337,487 | $283,508 | $303,400 |
| Median Rent | $1,295 | $1,227 | $1,348 |
| Median Income | $84,121 | $81,702 | $78,538 |
| Home Value To Income | 4.0x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Elmwood Park, IL Costs By Category
Detailed Elmwood Park Services Costs Vs. Illinois
| Item | Elmwood Park | 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 Elmwood Park Groceries Costs Vs. Illinois
| Item | Elmwood Park | 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 Elmwood Park Health Costs Vs. Illinois
| Item | Elmwood Park | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Elmwood Park Transportation Costs Vs. Illinois
| Item | Elmwood Park | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Elmwood Park Utilities Costs Vs. Illinois
| Item | Elmwood Park | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Elmwood Park SnackAbility
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Cost Of Living In Cities Around Elmwood Park
The cost of living varies in the cities and towns around Elmwood Park. Here's a quick look at the cost of living in the most populous nearby places:
Oak Park, IL has a cost of living index of 131, 1.2x Elmwood Park.
Glenview, IL has a cost of living index of 149, 1.3x Elmwood Park.
Elmhurst, IL has a cost of living index of 139, 1.2x Elmwood Park.
| City | Population | Cost Of Living | Vs. Elmwood Park |
|---|---|---|---|
| Oak Park, IL | 53,315 | 131 | 1.2x |
| Glenview, IL | 47,682 | 149 | 1.3x |
| Elmhurst, IL | 45,538 | 139 | 1.2x |
| Buffalo Grove, IL | 42,824 | 125 | 1.1x |
| Park Ridge, IL | 39,241 | 138 | 1.2x |
| Northbrook, IL | 34,642 | 153 | 1.4x |
| Highland Park, IL | 30,229 | 148 | 1.3x |
| Wilmette, IL | 27,550 | 164 | 1.5x |
| Melrose Park, IL | 24,513 | 108 | 1.0x |
| Maywood, IL | 23,173 | 99 | 0.9x |
