Highwood, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Highwood, IL Summary

Cost of living in Highwood 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 Highwood 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 Highwood is 127, with 100 being the average.

  • The cost of living index in Highwood is 1.3x higher than the national average.

  • Highwood ranks as the #305 cheapest in Illinois out of 338.

  • Highwood ranks as the #5,140 cheapest out of 6,412 in the US.

  • The median home value in Highwood is $369,700.

  • The median income in Highwood is $88,913.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
127
Highwood's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Highwood, IL?

According to the most recent data on the cost of living, Highwood has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.

Compared to Illinois, Highwood has a cost of living index that's 1.4x higher than Illinois's index of 92.

The standard of living in Highwood ranks as #305 most affordable out of the 338 places we measured in Illinois. By definition, that implies Highwood ranks as the #33 most expensive place in the Prairie State.

For more reading on life in Highwood, check out:

305 out of 338
In Illinois
5,140 out of 6,412
In America

Highwood Cost Of Living Vs. Illinois

Six factors go into calculating the cost of living index in Highwood. Here is how it fairs on each of the criteria:

  • The Services index in Highwood is 113.

  • The Groceries index in Highwood is 108.

  • The Health index in Highwood is 98.

  • The Housing index in Highwood is 169.

  • The Transportation index in Highwood is 114.

  • The Utilities index in Highwood is 94.

Living Expense Highwood Illinois National Average
Overall 127 92 100
Services 113 95 100
Groceries 108 98 100
Health 98 96 100
Housing 169 81 100
Transportation 114 105 100
Utilities 94 90 100
For more reading on cost of living around Illinois, check out:
Highwood Cost of Living Vs. IL

Highwood, 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 Highwood is $369,700.

  • The Median Rent in Highwood is $1,544.

  • The Median Income in Highwood is $88,913.

  • The Home Value To Income in Highwood is 4.2x.

  • The Rent To Monthly Income in Highwood is 0.21x.

Statistic Highwood Illinois United States
Median Home Value $369,700 $212,600 $244,900
Median Rent $1,544 $1,097 $1,163
Median Income $88,913 $72,563 $69,021
Home Value To Income 4.2x 2.9x 3.5x
Rent To Monthly Income 0.21x 0.18x 0.2x
Search Homes For Sale In Highwood, IL
$369,700
Median Home Value
$1,544
Median Rent
$88,913
Median Income

Highwood, IL Costs By Category

Detailed Highwood Services Costs Vs. Illinois

Item Highwood Illinois
Shampoo $1.06 $1.06
Movie $14.85 $10.68
Bowling $15.76 $14.67
Haircut $27.76 $18.62
Beauty Salon $65.57 $39.05

Detailed Highwood Groceries Costs Vs. Illinois

Item Highwood Illinois
Ground Beef $4.87 $4.22
Fried Chicken $1.99 $1.39
Milk $2.42 $2.05
Potatoes $3.23 $3.29
Pizza $12.0 $10.62
Beer $8.61 $9.38
Toothpaste $2.46 $2.34

Detailed Highwood Health Costs Vs. Illinois

Item Highwood Illinois
Optometrist $96.76 $108.57
Doctor $104.96 $116.17
Dentist $101.82 $99.13

Detailed Highwood Transportation Costs Vs. Illinois

Item Highwood Illinois
Gasoline $2.51 $2.22
Tire Balancing $56.85 $50.07

Detailed Highwood Utilities Costs Vs. Illinois

Item Highwood Illinois
All Electricity $131.89 $167.67
Phone $203.16 $175.64

Highwood SnackAbility

8.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
4
Diversity
9
Safety
9
Amenities
8.5
Education
8
Commute
6

Cost Of Living In Cities Around Highwood

The cost of living varies in the cities and towns around Highwood. 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 125, 1.0x Highwood.

  • Glenview, IL has a cost of living index of 147, 1.2x Highwood.

  • Buffalo Grove, IL has a cost of living index of 121, 1.0x Highwood.

City Population Cost Of Living Vs. Highwood
Arlington Heights, IL 77,283 125 1.0x
Glenview, IL 48,150 147 1.2x
Buffalo Grove, IL 43,062 121 1.0x
Park Ridge, IL 39,562 131 1.0x
Northbrook, IL 35,108 156 1.2x
Highland Park, IL 30,245 152 1.2x
Wilmette, IL 27,895 166 1.3x
Lake Zurich, IL 19,807 125 1.0x
Lake Forest, IL 19,450 187 1.5x
Deerfield, IL 19,228 150 1.2x

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