Lincolnshire, IL Cost Of Living
Cost Of Living In Lincolnshire, IL Summary
Cost of living in Lincolnshire 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 Lincolnshire 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 Lincolnshire is 163, with 100 being the average.
The cost of living index in Lincolnshire is 1.6x higher than the national average.
Lincolnshire ranks as the #323 cheapest in Illinois out of 336.
Lincolnshire ranks as the #5,948 cheapest out of 6,489 in the US.
The median home value in Lincolnshire is $712,961.
The median income in Lincolnshire is $179,735.
Table Of Contents
Lincolnshire's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lincolnshire, IL?
According to the most recent data on the cost of living, Lincolnshire has an overall cost of living index of 163, which is 1.6x higher than the national index of 100.
Compared to Illinois, Lincolnshire has a cost of living index that's 1.7x higher than Illinois's index of 97.
The standard of living in Lincolnshire ranks as #323 most affordable out of the 336 places we measured in Illinois. By definition, that implies Lincolnshire ranks as the #13 most expensive place in the Prairie State.
For more reading on life in Lincolnshire, check out:
In Illinois
In America
Lincolnshire Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Lincolnshire. Here is how it fairs on each of the criteria:
The Services index in Lincolnshire is 106.
The Groceries index in Lincolnshire is 104.
The Health index in Lincolnshire is 107.
The Housing index in Lincolnshire is 296.
The Transportation index in Lincolnshire is 105.
The Utilities index in Lincolnshire is 90.
| Living Expense | Lincolnshire | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 163 | 97 | 100 | |
| Services | 106 | 95 | 100 | |
| Groceries | 104 | 99 | 100 | |
| Health | 107 | 93 | 100 | |
| Housing | 296 | 95 | 100 | |
| Transportation | 105 | 102 | 100 | |
| Utilities | 90 | 91 | 100 | |
Lincolnshire, 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 Lincolnshire is $712,961.
The Median Rent in Lincolnshire is $2,655.
The Median Income in Lincolnshire is $179,735.
The Home Value To Income in Lincolnshire is 4.0x.
The Rent To Monthly Income in Lincolnshire is 0.18x.
| Statistic | Lincolnshire | Illinois | United States |
|---|---|---|---|
| Median Home Value | $712,961 | $283,508 | $303,400 |
| Median Rent | $2,655 | $1,227 | $1,348 |
| Median Income | $179,735 | $81,702 | $78,538 |
| Home Value To Income | 4.0x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Lincolnshire, IL Costs By Category
Detailed Lincolnshire Services Costs Vs. Illinois
| Item | Lincolnshire | 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 Lincolnshire Groceries Costs Vs. Illinois
| Item | Lincolnshire | 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 Lincolnshire Health Costs Vs. Illinois
| Item | Lincolnshire | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Lincolnshire Transportation Costs Vs. Illinois
| Item | Lincolnshire | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Lincolnshire Utilities Costs Vs. Illinois
| Item | Lincolnshire | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Lincolnshire SnackAbility
/10
Cost Of Living In Cities Around Lincolnshire
The cost of living varies in the cities and towns around Lincolnshire. 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 Lincolnshire.
Glenview, IL has a cost of living index of 149, 0.9x Lincolnshire.
Buffalo Grove, IL has a cost of living index of 125, 0.8x Lincolnshire.
| City | Population | Cost Of Living | Vs. Lincolnshire |
|---|---|---|---|
| Arlington Heights, IL | 76,220 | 124 | 0.8x |
| Glenview, IL | 47,682 | 149 | 0.9x |
| Buffalo Grove, IL | 42,824 | 125 | 0.8x |
| Park Ridge, IL | 39,241 | 138 | 0.8x |
| Wheeling, IL | 38,495 | 108 | 0.7x |
| Northbrook, IL | 34,642 | 153 | 0.9x |
| Highland Park, IL | 30,229 | 148 | 0.9x |
| Wilmette, IL | 27,550 | 164 | 1.0x |
| Vernon Hills, IL | 26,772 | 125 | 0.8x |
| Lake Zurich, IL | 19,727 | 127 | 0.8x |
