Gilberts, IL Cost Of Living

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

Cost Of Living In Gilberts, IL Summary

Cost of living in Gilberts 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 Gilberts 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 Gilberts is 114, with 100 being the average.

  • The cost of living index in Gilberts is 1.1x higher than the national average.

  • Gilberts ranks as the #267 cheapest in Illinois out of 338.

  • Gilberts ranks as the #4,427 cheapest out of 6,412 in the US.

  • The median home value in Gilberts is $265,600.

  • The median income in Gilberts is $101,298.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
114
Gilberts's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Gilberts, IL?

According to the most recent data on the cost of living, Gilberts has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.

Compared to Illinois, Gilberts has a cost of living index that's 1.2x higher than Illinois's index of 92.

The standard of living in Gilberts ranks as #267 most affordable out of the 338 places we measured in Illinois. By definition, that implies Gilberts ranks as the #71 most expensive place in the Prairie State.

For more reading on life in Gilberts, check out:

267 out of 338
In Illinois
4,427 out of 6,412
In America

Gilberts Cost Of Living Vs. Illinois

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

  • The Services index in Gilberts is 98.

  • The Groceries index in Gilberts is 95.

  • The Health index in Gilberts is 109.

  • The Housing index in Gilberts is 146.

  • The Transportation index in Gilberts is 106.

  • The Utilities index in Gilberts is 90.

Living Expense Gilberts Illinois National Average
Overall 114 92 100
Services 98 95 100
Groceries 95 98 100
Health 109 96 100
Housing 146 81 100
Transportation 106 105 100
Utilities 90 90 100
For more reading on cost of living around Illinois, check out:
Gilberts Cost of Living Vs. IL

Gilberts, 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 Gilberts is $265,600.

  • The Median Rent in Gilberts is $2,244.

  • The Median Income in Gilberts is $101,298.

  • The Home Value To Income in Gilberts is 2.6x.

  • The Rent To Monthly Income in Gilberts is 0.27x.

Statistic Gilberts Illinois United States
Median Home Value $265,600 $212,600 $244,900
Median Rent $2,244 $1,097 $1,163
Median Income $101,298 $72,563 $69,021
Home Value To Income 2.6x 2.9x 3.5x
Rent To Monthly Income 0.27x 0.18x 0.2x
Search Homes For Sale In Gilberts, IL
$265,600
Median Home Value
$2,244
Median Rent
$101,298
Median Income

Gilberts, IL Costs By Category

Detailed Gilberts Services Costs Vs. Illinois

Item Gilberts Illinois
Shampoo $1.0 $1.06
Movie $11.76 $10.68
Bowling $12.42 $14.67
Haircut $15.8 $18.62
Beauty Salon $32.1 $39.05

Detailed Gilberts Groceries Costs Vs. Illinois

Item Gilberts Illinois
Ground Beef $3.88 $4.22
Fried Chicken $1.49 $1.39
Milk $1.57 $2.05
Potatoes $3.35 $3.29
Pizza $10.49 $10.62
Beer $8.17 $9.38
Toothpaste $2.31 $2.34

Detailed Gilberts Health Costs Vs. Illinois

Item Gilberts Illinois
Optometrist $73.81 $108.57
Doctor $162.33 $116.17
Dentist $102.11 $99.13

Detailed Gilberts Transportation Costs Vs. Illinois

Item Gilberts Illinois
Gasoline $2.39 $2.22
Tire Balancing $50.79 $50.07

Detailed Gilberts Utilities Costs Vs. Illinois

Item Gilberts Illinois
All Electricity $130.38 $167.67
Phone $191.29 $175.64

Gilberts SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
6
Diversity
8.5
Safety
10
Amenities
8
Education
9
Commute
4

Cost Of Living In Cities Around Gilberts

The cost of living varies in the cities and towns around Gilberts. 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 103, 0.9x Gilberts.

  • Arlington Heights, IL has a cost of living index of 125, 1.1x Gilberts.

  • Palatine, IL has a cost of living index of 117, 1.0x Gilberts.

City Population Cost Of Living Vs. Gilberts
Elgin, IL 114,156 103 0.9x
Arlington Heights, IL 77,283 125 1.1x
Palatine, IL 67,754 117 1.0x
Hoffman Estates, IL 52,153 118 1.0x
Bartlett, IL 41,126 117 1.0x
Carol Stream, IL 39,895 112 1.0x
Carpentersville, IL 37,940 104 0.9x
Algonquin, IL 29,869 109 1.0x
Lake in the Hills, IL 29,024 106 0.9x
Huntley, IL 27,314 104 0.9x

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