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 only Illinois, Highwood has a cost of living index that's 1.3x higher than Illinois's index of 98.
The standard of living in Highwood ranks as #5,142 most affordable out of the 6,418 places we measured in Illinois. By definition, that implies Highwood ranks as the #1,277 most expensive place in the Prairie State.
|Living Expense||Highwood||Illinois||National Average|
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.
|Median Home Value||$383,300||$202,100||$229,800|
|Home Value To Income||5.1x||3.0x||3.5x|
|Rent To Monthly Income||0.23x||0.18x||0.2x|
|City||Population||Cost Of Living||Vs. Highwood|
|Arlington Heights, IL||75,071||125||1.0x|
|Buffalo Grove, IL||40,804||121||1.0x|
|Park Ridge, IL||37,431||131||1.0x|
|Highland Park, IL||29,596||152||1.2x|
|Lake Zurich, IL||19,912||125||1.0x|
|Lake Forest, IL||19,497||187||1.5x|