Harvard, IL Cost Of Living
Cost Of Living In Harvard, IL Summary
Cost of living in Harvard 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 Harvard 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 Harvard is 91, with 100 being the average.
The cost of living index in Harvard is 0.9x lower than the national average.
Harvard ranks as the #101 cheapest in Illinois out of 338.
Harvard ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Harvard is $138,200.
The median income in Harvard is $63,044.
Table Of Contents
Harvard's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Harvard, IL?
According to the most recent data on the cost of living, Harvard has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Illinois, Harvard has a cost of living index that's 1.0x lower than Illinois's index of 92.
The standard of living in Harvard ranks as #101 most affordable out of the 338 places we measured in Illinois. By definition, that implies Harvard ranks as the #237 most expensive place in the Prairie State.
For more reading on life in Harvard, check out:
- Living In Harvard
- Harvard Crime Report
- Search Homes For Sale In Harvard, IL
In Illinois
In America
Harvard Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Harvard. Here is how it fairs on each of the criteria:
The Services index in Harvard is 94.
The Groceries index in Harvard is 96.
The Health index in Harvard is 108.
The Housing index in Harvard is 75.
The Transportation index in Harvard is 108.
The Utilities index in Harvard is 87.
| Living Expense | Harvard | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 91 | 92 | 100 | |
| Services | 94 | 95 | 100 | |
| Groceries | 96 | 98 | 100 | |
| Health | 108 | 96 | 100 | |
| Housing | 75 | 81 | 100 | |
| Transportation | 108 | 105 | 100 | |
| Utilities | 87 | 90 | 100 | |
Harvard, 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 Harvard is $138,200.
The Median Rent in Harvard is $1,014.
The Median Income in Harvard is $63,044.
The Home Value To Income in Harvard is 2.2x.
The Rent To Monthly Income in Harvard is 0.19x.
| Statistic | Harvard | Illinois | United States |
|---|---|---|---|
| Median Home Value | $138,200 | $212,600 | $244,900 |
| Median Rent | $1,014 | $1,097 | $1,163 |
| Median Income | $63,044 | $72,563 | $69,021 |
| Home Value To Income | 2.2x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Harvard, IL Costs By Category
Detailed Harvard Services Costs Vs. Illinois
Detailed Harvard Groceries Costs Vs. Illinois
Detailed Harvard Health Costs Vs. Illinois
Detailed Harvard Transportation Costs Vs. Illinois
Detailed Harvard Utilities Costs Vs. Illinois
Harvard SnackAbility
/10
Cost Of Living In Cities Around Harvard
The cost of living varies in the cities and towns around Harvard. Here's a quick look at the cost of living in the most populous nearby places:
Crystal Lake, IL has a cost of living index of 103, 1.1x Harvard.
McHenry, IL has a cost of living index of 96, 1.1x Harvard.
Woodstock, IL has a cost of living index of 95, 1.0x Harvard.
| City | Population | Cost Of Living | Vs. Harvard |
|---|---|---|---|
| Crystal Lake, IL | 40,082 | 103 | 1.1x |
| McHenry, IL | 27,237 | 96 | 1.1x |
| Woodstock, IL | 25,829 | 95 | 1.0x |
| Belvidere, IL | 25,179 | 84 | 0.9x |
| Roscoe, IL | 11,092 | 97 | 1.1x |
| Marengo, IL | 7,466 | 92 | 1.0x |
| Johnsburg, IL | 6,399 | 107 | 1.2x |
| Twin Lakes, WI | 6,306 | 96 | 1.1x |
| Spring Grove, IL | 5,713 | 107 | 1.2x |
