Libertyville, IL Cost Of Living
Cost Of Living In Libertyville, IL Summary
Cost of living in Libertyville 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 Libertyville 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 Libertyville is 135, with 100 being the average.
The cost of living index in Libertyville is 1.4x higher than the national average.
Libertyville ranks as the #309 cheapest in Illinois out of 336.
Libertyville ranks as the #5,216 cheapest out of 6,489 in the US.
The median home value in Libertyville is $598,311.
The median income in Libertyville is $162,270.
Table Of Contents
Libertyville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Libertyville, IL?
According to the most recent data on the cost of living, Libertyville has an overall cost of living index of 135, which is 1.4x higher than the national index of 100.
Compared to Illinois, Libertyville has a cost of living index that's 1.4x higher than Illinois's index of 97.
The standard of living in Libertyville ranks as #309 most affordable out of the 336 places we measured in Illinois. By definition, that implies Libertyville ranks as the #27 most expensive place in the Prairie State.
For more reading on life in Libertyville, check out:
In Illinois
In America
Libertyville Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Libertyville. Here is how it fairs on each of the criteria:
The Services index in Libertyville is 105.
The Groceries index in Libertyville is 105.
The Health index in Libertyville is 106.
The Housing index in Libertyville is 215.
The Transportation index in Libertyville is 106.
The Utilities index in Libertyville is 90.
| Living Expense | Libertyville | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 135 | 97 | 100 | |
| Services | 105 | 95 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 106 | 93 | 100 | |
| Housing | 215 | 95 | 100 | |
| Transportation | 106 | 102 | 100 | |
| Utilities | 90 | 91 | 100 | |
Libertyville, 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 Libertyville is $598,311.
The Median Rent in Libertyville is $1,537.
The Median Income in Libertyville is $162,270.
The Home Value To Income in Libertyville is 3.7x.
The Rent To Monthly Income in Libertyville is 0.11x.
| Statistic | Libertyville | Illinois | United States |
|---|---|---|---|
| Median Home Value | $598,311 | $283,508 | $303,400 |
| Median Rent | $1,537 | $1,227 | $1,348 |
| Median Income | $162,270 | $81,702 | $78,538 |
| Home Value To Income | 3.7x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.11x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Libertyville, IL Costs By Category
Detailed Libertyville Services Costs Vs. Illinois
| Item | Libertyville | 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 Libertyville Groceries Costs Vs. Illinois
| Item | Libertyville | 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 Libertyville Health Costs Vs. Illinois
| Item | Libertyville | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Libertyville Transportation Costs Vs. Illinois
| Item | Libertyville | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Libertyville Utilities Costs Vs. Illinois
| Item | Libertyville | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Libertyville SnackAbility
/10
Cost Of Living In Cities Around Libertyville
The cost of living varies in the cities and towns around Libertyville. 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, 0.9x Libertyville.
Glenview, IL has a cost of living index of 149, 1.1x Libertyville.
Buffalo Grove, IL has a cost of living index of 125, 0.9x Libertyville.
| City | Population | Cost Of Living | Vs. Libertyville |
|---|---|---|---|
| Arlington Heights, IL | 76,220 | 124 | 0.9x |
| Glenview, IL | 47,682 | 149 | 1.1x |
| Buffalo Grove, IL | 42,824 | 125 | 0.9x |
| Park Ridge, IL | 39,241 | 138 | 1.0x |
| Northbrook, IL | 34,642 | 153 | 1.1x |
| Mundelein, IL | 31,632 | 114 | 0.8x |
| North Chicago, IL | 30,772 | 95 | 0.7x |
| Highland Park, IL | 30,229 | 148 | 1.1x |
| Wilmette, IL | 27,550 | 164 | 1.2x |
| Vernon Hills, IL | 26,772 | 125 | 0.9x |
