What is the cost of living in Lincolnwood, IL?
According to the most recent data on the cost of living, Lincolnwood has an overall cost of living index of 136, which is 1.4x higher than the national index of 100.
Compared to Illinois, Lincolnwood has a cost of living index that's 1.4x higher than Illinois's index of 98.
The standard of living in Lincolnwood ranks as #312 most affordable out of the 336 places we measured in Illinois. By definition, that implies Lincolnwood ranks as the #24 most expensive place in the Prairie State.
For more reading on life in Lincolnwood, check out:
Lincolnwood Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Lincolnwood. Here is how it fares on each of the criteria:
The Services index in Lincolnwood is 96.
The Groceries index in Lincolnwood is 101.
The Health index in Lincolnwood is 219.
The Housing index in Lincolnwood is 106.
The Transportation index in Lincolnwood is 99.
The Utilities index in Lincolnwood is 102.
| Living Expense | Lincolnwood | Illinois | National Average |
|---|---|---|---|
| Overall | 136 | 98 | 100 |
| Services | 96 | 99 | 100 |
| Groceries | 101 | 99 | 100 |
| Health | 219 | 96 | 100 |
| Housing | 106 | 101 | 100 |
| Transportation | 99 | 99 | 100 |
| Utilities | 102 | 101 | 100 |
Lincolnwood Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in Lincolnwood Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Lincolnwood, 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 2020-2024. The key points are:
The Median Home Value in Lincolnwood is $542,075.
The Median Rent in Lincolnwood is $3,501.
The Median Income in Lincolnwood is $109,731.
The Home Value To Income in Lincolnwood is 4.9x.
The Rent To Monthly Income in Lincolnwood is 0.38x.
| Statistic | Lincolnwood | Illinois | United States |
|---|---|---|---|
| Median Home Value | $542,075 | $285,735 | $332,700 |
| Median Rent | $3,501 | $1,274 | $1,413 |
| Median Income | $109,731 | $83,390 | $80,734 |
| Home Value To Income | 4.9x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.38x | 0.18x | 0.21x |
Lincolnwood, IL Costs By Category
Detailed Lincolnwood Services costs vs. Illinois
| Item | Lincolnwood | 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 Lincolnwood Groceries costs vs. Illinois
| Item | Lincolnwood | 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 Lincolnwood Health costs vs. Illinois
| Item | Lincolnwood | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Lincolnwood Transportation costs vs. Illinois
| Item | Lincolnwood | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Lincolnwood Utilities costs vs. Illinois
| Item | Lincolnwood | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Lincolnwood SnackAbility
Cost Of Living In Cities Around Lincolnwood
The cost of living varies in the cities and towns around Lincolnwood. Here's a quick look at the cost of living in the most populous nearby places:
Evanston, IL has a cost of living index of 129, 0.9x Lincolnwood.
Skokie, IL has a cost of living index of 118, 0.9x Lincolnwood.
Glenview, IL has a cost of living index of 146, 1.1x Lincolnwood.
| City | Population | Cost Of Living | Vs. Lincolnwood |
|---|---|---|---|
| Evanston, IL | 76,340 | 129 | 0.9x |
| Skokie, IL | 66,219 | 118 | 0.9x |
| Glenview, IL | 47,752 | 146 | 1.1x |
| Elmhurst, IL | 45,671 | 134 | 1.0x |
| Buffalo Grove, IL | 42,891 | 126 | 0.9x |
| Park Ridge, IL | 38,667 | 135 | 1.0x |
| Northbrook, IL | 34,585 | 151 | 1.1x |
| Highland Park, IL | 30,398 | 144 | 1.1x |
| Niles, IL | 30,064 | 114 | 0.8x |
| Wilmette, IL | 27,503 | 161 | 1.2x |
