Grandwood Park, IL Cost Of Living

Demographics | Cost Of Living
Updated: 2022-04-07
116
Grandwood Park's Overall Cost Of Living
1.2x
Higher Than The National Average
276 out of 338
In Illinois
4,558 out of 6,412
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 116 which is 1.2x 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 #4,560 most affordable out of the 6,418 places we measured in Illinois. By definition, that implies Grandwood Park ranks as the #1,858 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 116 98 100
Services 116 95 100
Groceries 109 97 100
Health 97 99 100
Housing 129 96 100
Transportation 113 105 100
Utilities 91 94 100
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.

$254,800
Median Home Value
$1,454
Median Rent
$127,155
Median Income
Statistic Grandwood Park Illinois United States
Median Home Value $254,800 $202,100 $229,800
Median Rent $1,454 $1,038 $1,096
Median Income $127,155 $68,428 $64,994
Home Value To Income 2.0x 3.0x 3.5x
Rent To Monthly Income 0.14x 0.18x 0.2x

Detailed Grandwood Park Services Costs Vs. Illinois

Item Grandwood Park Illinois
Shampoo $1.06 $1.06
Movie $14.85 $10.68
Bowling $15.76 $14.67

Detailed Grandwood Park Groceries Costs Vs. Illinois

Item Grandwood Park Illinois
Ground Beef $4.87 $4.22
Fried Chicken $1.99 $1.39
Milk $2.42 $2.05

Detailed Grandwood Park Health Costs Vs. Illinois

Item Grandwood Park Illinois
Haircut $27.76 $18.62
Beauty Salon $65.57 $39.05
Toothpaste $2.46 $2.34

Detailed Grandwood Park Transportation Costs Vs. Illinois

Item Grandwood Park Illinois
Potatoes $3.23 $3.29
Pizza $12.0 $10.62
Beer $8.61 $9.38
Optometrist $96.76 $108.57
Doctor $104.96 $116.17
Dentist $101.82 $99.13

Detailed Grandwood Park Utilities Costs Vs. Illinois

Item Grandwood Park Illinois
Gasoline $2.51 $2.22
Tire Balancing $56.85 $50.07
All Electricity $131.89 $167.67
Phone $203.16 $175.64

Grandwood Park SnackAbility

7
/10
Overall SnackAbility
Jobs
9.5/10
Housing
8.5
Affordability
9
Diversity
8.5
Safety
N/A
Amenities
8.5
Education
9.5
Commute
5

Cost Of Living In Cities Around Grandwood Park

City Population Cost Of Living Vs. Grandwood Park
Buffalo Grove, IL 40,804 121 1.0x
Northbrook, IL 33,216 156 1.3x
Gurnee, IL 30,519 117 1.0x
Highland Park, IL 29,596 152 1.3x
Round Lake Beach, IL 27,313 99 0.9x
Vernon Hills, IL 26,396 126 1.1x
Grayslake, IL 20,482 108 0.9x
Libertyville, IL 20,300 134 1.2x
Lake Zurich, IL 19,912 125 1.1x
Deerfield, IL 19,030 150 1.3x

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