Cost of living in Gurnee 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 Gurnee 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 Gurnee is 117, with 100 being the average.
The cost of living index in Gurnee is 1.2x higher than the national average.
Gurnee ranks as the #281 cheapest in Illinois out of 338.
Gurnee ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Gurnee is $276,300.
The median income in Gurnee is $102,140.
According to the most recent data on the cost of living, Gurnee has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to Illinois, Gurnee has a cost of living index that's 1.3x higher than Illinois's index of 92.
The standard of living in Gurnee ranks as #281 most affordable out of the 338 places we measured in Illinois. By definition, that implies Gurnee ranks as the #57 most expensive place in the Prairie State.
For more reading on life in Gurnee, check out:
Six factors go into calculating the cost of living index in Gurnee. Here is how it fairs on each of the criteria:
The Services index in Gurnee is 115.
The Groceries index in Gurnee is 108.
The Health index in Gurnee is 100.
The Housing index in Gurnee is 132.
The Transportation index in Gurnee is 113.
The Utilities index in Gurnee is 95.
|Living Expense||Gurnee||Illinois||National Average|
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 Gurnee is $276,300.
The Median Rent in Gurnee is $1,371.
The Median Income in Gurnee is $102,140.
The Home Value To Income in Gurnee is 2.7x.
The Rent To Monthly Income in Gurnee is 0.16x.
|Median Home Value||$276,300||$212,600||$244,900|
|Home Value To Income||2.7x||2.9x||3.5x|
|Rent To Monthly Income||0.16x||0.18x||0.2x|
The cost of living varies in the cities and towns around Gurnee. Here's a quick look at the cost of living in the most populous nearby places:
Waukegan, IL has a cost of living index of 98, 0.8x Gurnee.
Arlington Heights, IL has a cost of living index of 125, 1.1x Gurnee.
Buffalo Grove, IL has a cost of living index of 121, 1.0x Gurnee.
|City||Population||Cost Of Living||Vs. Gurnee|
|Arlington Heights, IL||77,283||125||1.1x|
|Buffalo Grove, IL||43,062||121||1.0x|
|North Chicago, IL||30,619||99||0.8x|
|Highland Park, IL||30,245||152||1.3x|
|Lake Zurich, IL||19,807||125||1.1x|