Highland Park, IL Cost Of Living
Cost Of Living In Highland Park, IL Summary
Cost of living in Highland Park 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 Highland Park 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 Highland Park is 148, with 100 being the average.
The cost of living index in Highland Park is 1.5x higher than the national average.
Highland Park ranks as the #317 cheapest in Illinois out of 336.
Highland Park ranks as the #5,642 cheapest out of 6,489 in the US.
The median home value in Highland Park is $743,185.
The median income in Highland Park is $161,875.
Table Of Contents
Highland Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Highland Park, IL?
According to the most recent data on the cost of living, Highland Park has an overall cost of living index of 148, which is 1.5x higher than the national index of 100.
Compared to Illinois, Highland Park has a cost of living index that's 1.5x higher than Illinois's index of 97.
The standard of living in Highland Park ranks as #317 most affordable out of the 336 places we measured in Illinois. By definition, that implies Highland Park ranks as the #19 most expensive place in the Prairie State.
For more reading on life in Highland Park, check out:
In Illinois
In America
Highland Park Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Highland Park. Here is how it fairs on each of the criteria:
The Services index in Highland Park is 105.
The Groceries index in Highland Park is 105.
The Health index in Highland Park is 108.
The Housing index in Highland Park is 256.
The Transportation index in Highland Park is 109.
The Utilities index in Highland Park is 89.
| Living Expense | Highland Park | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 148 | 97 | 100 | |
| Services | 105 | 95 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 108 | 93 | 100 | |
| Housing | 256 | 95 | 100 | |
| Transportation | 109 | 102 | 100 | |
| Utilities | 89 | 91 | 100 | |
Highland 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 2019-2023. The key points are:
The Median Home Value in Highland Park is $743,185.
The Median Rent in Highland Park is $1,903.
The Median Income in Highland Park is $161,875.
The Home Value To Income in Highland Park is 4.6x.
The Rent To Monthly Income in Highland Park is 0.14x.
| Statistic | Highland Park | Illinois | United States |
|---|---|---|---|
| Median Home Value | $743,185 | $283,508 | $303,400 |
| Median Rent | $1,903 | $1,227 | $1,348 |
| Median Income | $161,875 | $81,702 | $78,538 |
| Home Value To Income | 4.6x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Highland Park, IL Costs By Category
Detailed Highland Park Services Costs Vs. Illinois
| Item | Highland 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 Highland Park Groceries Costs Vs. Illinois
| Item | Highland 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 Highland Park Health Costs Vs. Illinois
| Item | Highland Park | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Highland Park Transportation Costs Vs. Illinois
| Item | Highland Park | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Highland Park Utilities Costs Vs. Illinois
| Item | Highland Park | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Highland Park SnackAbility
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Cost Of Living In Cities Around Highland Park
The cost of living varies in the cities and towns around Highland Park. Here's a quick look at the cost of living in the most populous nearby places:
Arlington Heights, IL has a cost of living index of 124, 0.8x Highland Park.
Glenview, IL has a cost of living index of 149, 1.0x Highland Park.
Buffalo Grove, IL has a cost of living index of 125, 0.8x Highland Park.
| City | Population | Cost Of Living | Vs. Highland Park |
|---|---|---|---|
| Arlington Heights, IL | 76,220 | 124 | 0.8x |
| Glenview, IL | 47,682 | 149 | 1.0x |
| Buffalo Grove, IL | 42,824 | 125 | 0.8x |
| Park Ridge, IL | 39,241 | 138 | 0.9x |
| Northbrook, IL | 34,642 | 153 | 1.0x |
| Wilmette, IL | 27,550 | 164 | 1.1x |
| Lake Zurich, IL | 19,727 | 127 | 0.9x |
| Lake Forest, IL | 19,190 | 181 | 1.2x |
| Deerfield, IL | 19,185 | 148 | 1.0x |
| Winnetka, IL | 12,508 | 215 | 1.5x |
