What is the cost of living in Grandwood Park, IL?
According to the most recent data on the cost of living, Grandwood Park has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Illinois, Grandwood Park has a cost of living index that's 1.2x higher than Illinois's index of 98.
The standard of living in Grandwood Park ranks as #246 most affordable out of the 336 places we measured in Illinois. By definition, that implies Grandwood Park ranks as the #90 most expensive place in the Prairie State.
For more reading on life in Grandwood Park, check out:
Grandwood Park Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Grandwood Park. Here is how it fares on each of the criteria:
The Services index in Grandwood Park is 98.
The Groceries index in Grandwood Park is 101.
The Health index in Grandwood Park is 143.
The Housing index in Grandwood Park is 98.
The Transportation index in Grandwood Park is 100.
The Utilities index in Grandwood Park is 98.
| Living Expense | Grandwood Park | Illinois | National Average |
|---|---|---|---|
| Overall | 113 | 98 | 100 |
| Services | 98 | 99 | 100 |
| Groceries | 101 | 99 | 100 |
| Health | 143 | 96 | 100 |
| Housing | 98 | 101 | 100 |
| Transportation | 100 | 99 | 100 |
| Utilities | 98 | 101 | 100 |
Grandwood 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 Grandwood Park Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Grandwood 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 Grandwood Park is $358,661.
The Median Rent in Grandwood Park is $1,836.
The Median Income in Grandwood Park is $126,736.
The Home Value To Income in Grandwood Park is 2.8x.
The Rent To Monthly Income in Grandwood Park is 0.17x.
| Statistic | Grandwood Park | Illinois | United States |
|---|---|---|---|
| Median Home Value | $358,661 | $285,735 | $332,700 |
| Median Rent | $1,836 | $1,274 | $1,413 |
| Median Income | $126,736 | $83,390 | $80,734 |
| Home Value To Income | 2.8x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.21x |
Grandwood Park, IL Costs By Category
Detailed Grandwood Park Services costs vs. Illinois
| Item | Grandwood 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 Grandwood Park Groceries costs vs. Illinois
| Item | Grandwood 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 Grandwood Park Health costs vs. Illinois
| Item | Grandwood Park | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Grandwood Park Transportation costs vs. Illinois
| Item | Grandwood Park | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Grandwood Park Utilities costs vs. Illinois
| Item | Grandwood Park | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Grandwood Park SnackAbility
Cost Of Living In Cities Around Grandwood Park
The cost of living varies in the cities and towns around Grandwood Park. Here's a quick look at the cost of living in the most populous nearby places:
Buffalo Grove, IL has a cost of living index of 126, 1.1x Grandwood Park.
Northbrook, IL has a cost of living index of 151, 1.3x Grandwood Park.
Gurnee, IL has a cost of living index of 111, 1.0x Grandwood Park.
| City | Population | Cost Of Living | Vs. Grandwood Park |
|---|---|---|---|
| Buffalo Grove, IL | 42,891 | 126 | 1.1x |
| Northbrook, IL | 34,585 | 151 | 1.3x |
| Gurnee, IL | 30,510 | 111 | 1.0x |
| Highland Park, IL | 30,398 | 144 | 1.3x |
| Round Lake Beach, IL | 27,079 | 100 | 0.9x |
| Vernon Hills, IL | 26,876 | 126 | 1.1x |
| Grayslake, IL | 20,929 | 106 | 0.9x |
| Libertyville, IL | 20,525 | 133 | 1.2x |
| Lake Zurich, IL | 19,832 | 122 | 1.1x |
| Deerfield, IL | 19,518 | 148 | 1.3x |
