Grandwood Park, IL Cost Of Living

Demographics | Cost Of Living
Updated: 2021-02-06
114
Grandwood Park's Overall Cost Of Living
1.1x
Higher Than The National Average
269 out of 338
In Illinois
4,426 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Grandwood Park is expensive, while a number below 100 means it's a relatively cheap place to live.

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 114 which is 1.1x higher than the national index of 100.

Compared to only 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 #4,428 most affordable out of the 6,522 places we measured in Illinois. By definition, that implies Grandwood Park ranks as the #1,979 most expensive place in the Prairie State.

For more reading on life in Grandwood Park, check out:

Grandwood Park Cost Of Living Vs. Illinois

Living Expense Grandwood Park Illinois National Average
Overall 114 98 100
Services 109 98 100
Groceries 104 97 100
Health 100 100 100
Housing 128 95 100
Transportation 125 112 100
Utilities 93 97 100
For more reading on cost of living around Illinois, check out:
Grandwood Park Cost of Living Vs. IL

Grandwood Park, IL Housing Cost Breakdown

Housing swings affordability the most between places in Illinois, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$228,500
Median Home Value
$1,504
Median Rent
$117,989
Median Income
Statistic Grandwood Park Illinois United States
Median Home Value $228,500 $194,500 $217,500
Median Rent $1,504 $1,010 $1,062
Median Income $117,989 $65,886 $62,843
Home Value To Income 1.9x 3.0x 3.5x
Rent To Monthly Income 0.15x 0.18x 0.2x

Detailed Grandwood Park Services Costs Vs. Illinois

Item Grandwood Park Illinois
Shampoo $0.92 $1.01
Movie $14.86 $10.72
Bowling $19.0 $13.86

Detailed Grandwood Park Groceries Costs Vs. Illinois

Item Grandwood Park Illinois
Ground Beef $4.07 $3.9
Fried Chicken $1.74 $1.4
Milk $2.09 $1.96

Detailed Grandwood Park Health Costs Vs. Illinois

Item Grandwood Park Illinois
Haircut $22.0 $17.49
Beauty Salon $69.77 $38.17
Toothpaste $2.69 $2.32

Detailed Grandwood Park Transportation Costs Vs. Illinois

Item Grandwood Park Illinois
Potatoes $3.74 $3.18
Pizza $10.0 $10.39
Beer $8.14 $9.23
Optometrist $97.0 $106.34
Doctor $105.0 $115.25
Dentist $102.0 $98.38

Detailed Grandwood Park Utilities Costs Vs. Illinois

Item Grandwood Park Illinois
Gasoline $3.42 $2.59
Tire Balancing $57.0 $48.9
All Electricity $131.81 $167.6
Phone $200.46 $163.42

Grandwood Park SnackAbility

7
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
9
Diversity
9
Safety
N/A
Amenities
8.5
Education
9.5
Commute
4

Cost Of Living In Cities Around Grandwood Park

City Population Cost Of Living Vs. Grandwood Park
Buffalo Grove, IL 41,062 123 1.1x
Northbrook, IL 33,343 153 1.3x
Gurnee, IL 30,671 115 1.0x
Highland Park, IL 29,628 151 1.3x
Round Lake Beach, IL 27,507 100 0.9x
Vernon Hills, IL 26,343 124 1.1x
Grayslake, IL 20,720 109 1.0x
Libertyville, IL 20,382 134 1.2x
Lake Zurich, IL 19,915 123 1.1x
Deerfield, IL 19,006 148 1.3x

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