Glenwood, IL Cost Of Living
Cost Of Living In Glenwood, IL Summary
Cost of living in Glenwood 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 Glenwood 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 Glenwood is 101, with 100 being the average.
The cost of living index in Glenwood is 1.0x higher than the national average.
Glenwood ranks as the #174 cheapest in Illinois out of 338.
Glenwood ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Glenwood is $143,700.
The median income in Glenwood is $65,685.
Table Of Contents
Glenwood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Glenwood, IL?
According to the most recent data on the cost of living, Glenwood has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Illinois, Glenwood has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Glenwood ranks as #174 most affordable out of the 338 places we measured in Illinois. By definition, that implies Glenwood ranks as the #164 most expensive place in the Prairie State.
For more reading on life in Glenwood, check out:
- Living In Glenwood
- Glenwood Crime Report
- Search Homes For Sale In Glenwood, IL
In Illinois
In America
Glenwood Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Glenwood. Here is how it fairs on each of the criteria:
The Services index in Glenwood is 112.
The Groceries index in Glenwood is 105.
The Health index in Glenwood is 97.
The Housing index in Glenwood is 80.
The Transportation index in Glenwood is 112.
The Utilities index in Glenwood is 94.
| Living Expense | Glenwood | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 101 | 92 | 100 | |
| Services | 112 | 95 | 100 | |
| Groceries | 105 | 98 | 100 | |
| Health | 97 | 96 | 100 | |
| Housing | 80 | 81 | 100 | |
| Transportation | 112 | 105 | 100 | |
| Utilities | 94 | 90 | 100 | |
Glenwood, 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 Glenwood is $143,700.
The Median Rent in Glenwood is $1,623.
The Median Income in Glenwood is $65,685.
The Home Value To Income in Glenwood is 2.2x.
The Rent To Monthly Income in Glenwood is 0.3x.
| Statistic | Glenwood | Illinois | United States |
|---|---|---|---|
| Median Home Value | $143,700 | $212,600 | $244,900 |
| Median Rent | $1,623 | $1,097 | $1,163 |
| Median Income | $65,685 | $72,563 | $69,021 |
| Home Value To Income | 2.2x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.3x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Glenwood, IL Costs By Category
Detailed Glenwood Services Costs Vs. Illinois
Detailed Glenwood Groceries Costs Vs. Illinois
Detailed Glenwood Health Costs Vs. Illinois
Detailed Glenwood Transportation Costs Vs. Illinois
Detailed Glenwood Utilities Costs Vs. Illinois
Glenwood SnackAbility
/10
Cost Of Living In Cities Around Glenwood
The cost of living varies in the cities and towns around Glenwood. Here's a quick look at the cost of living in the most populous nearby places:
Orland Park, IL has a cost of living index of 112, 1.1x Glenwood.
Tinley Park, IL has a cost of living index of 105, 1.0x Glenwood.
Lansing, IL has a cost of living index of 98, 1.0x Glenwood.
| City | Population | Cost Of Living | Vs. Glenwood |
|---|---|---|---|
| Orland Park, IL | 58,622 | 112 | 1.1x |
| Tinley Park, IL | 55,988 | 105 | 1.0x |
| Lansing, IL | 28,916 | 98 | 1.0x |
| Chicago Heights, IL | 27,840 | 90 | 0.9x |
| Oak Forest, IL | 27,445 | 99 | 1.0x |
| South Holland, IL | 21,524 | 106 | 1.0x |
| Mokena, IL | 19,897 | 110 | 1.1x |
| Homewood, IL | 19,716 | 98 | 1.0x |
| Palos Hills, IL | 18,379 | 105 | 1.0x |
| Palos Heights, IL | 12,116 | 124 | 1.2x |
