What is the cost of living in Franklin Park, IL?
According to the most recent data on the cost of living, Franklin Park has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Illinois, Franklin Park has a cost of living index that's 1.1x higher than Illinois's index of 98.
The standard of living in Franklin Park ranks as #186 most affordable out of the 336 places we measured in Illinois. By definition, that implies Franklin Park ranks as the #150 most expensive place in the Prairie State.
For more reading on life in Franklin Park, check out:
Franklin Park Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Franklin Park. Here is how it fares on each of the criteria:
The Services index in Franklin Park is 99.
The Groceries index in Franklin Park is 100.
The Health index in Franklin Park is 109.
The Housing index in Franklin Park is 104.
The Transportation index in Franklin Park is 102.
The Utilities index in Franklin Park is 102.
| Living Expense | Franklin Park | Illinois | National Average |
|---|---|---|---|
| Overall | 105 | 98 | 100 |
| Services | 99 | 99 | 100 |
| Groceries | 100 | 99 | 100 |
| Health | 109 | 96 | 100 |
| Housing | 104 | 101 | 100 |
| Transportation | 102 | 99 | 100 |
| Utilities | 102 | 101 | 100 |
Franklin Park 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 Franklin Park Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Franklin 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 2020-2024. The key points are:
The Median Home Value in Franklin Park is $309,735.
The Median Rent in Franklin Park is $1,109.
The Median Income in Franklin Park is $76,519.
The Home Value To Income in Franklin Park is 4.0x.
The Rent To Monthly Income in Franklin Park is 0.17x.
| Statistic | Franklin Park | Illinois | United States |
|---|---|---|---|
| Median Home Value | $309,735 | $285,735 | $332,700 |
| Median Rent | $1,109 | $1,274 | $1,413 |
| Median Income | $76,519 | $83,390 | $80,734 |
| Home Value To Income | 4.0x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.21x |
Franklin Park, IL Costs By Category
Detailed Franklin Park Services costs vs. Illinois
| Item | Franklin 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 Franklin Park Groceries costs vs. Illinois
| Item | Franklin 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 Franklin Park Health costs vs. Illinois
| Item | Franklin Park | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Franklin Park Transportation costs vs. Illinois
| Item | Franklin Park | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Franklin Park Utilities costs vs. Illinois
| Item | Franklin Park | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Franklin Park SnackAbility
Cost Of Living In Cities Around Franklin Park
The cost of living varies in the cities and towns around Franklin Park. Here's a quick look at the cost of living in the most populous nearby places:
Glenview, IL has a cost of living index of 146, 1.4x Franklin Park.
Elmhurst, IL has a cost of living index of 134, 1.3x Franklin Park.
Buffalo Grove, IL has a cost of living index of 126, 1.2x Franklin Park.
| City | Population | Cost Of Living | Vs. Franklin Park |
|---|---|---|---|
| Glenview, IL | 47,752 | 146 | 1.4x |
| Elmhurst, IL | 45,671 | 134 | 1.3x |
| Buffalo Grove, IL | 42,891 | 126 | 1.2x |
| Park Ridge, IL | 38,667 | 135 | 1.3x |
| Northbrook, IL | 34,585 | 151 | 1.4x |
| Highland Park, IL | 30,398 | 144 | 1.4x |
| Wilmette, IL | 27,503 | 161 | 1.5x |
| Melrose Park, IL | 24,549 | 104 | 1.0x |
| Elmwood Park, IL | 23,868 | 112 | 1.1x |
| Deerfield, IL | 19,518 | 148 | 1.4x |
