Lincolnwood, IL Cost Of Living
Cost Of Living In Lincolnwood, IL Summary
Cost of living in Lincolnwood 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 Lincolnwood 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 Lincolnwood is 139, with 100 being the average.
The cost of living index in Lincolnwood is 1.4x higher than the national average.
Lincolnwood ranks as the #312 cheapest in Illinois out of 336.
Lincolnwood ranks as the #5,366 cheapest out of 6,489 in the US.
The median home value in Lincolnwood is $533,359.
The median income in Lincolnwood is $107,950.
Table Of Contents
Lincolnwood's Overall Cost Of Living
Higher Than The National Average
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 139, 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 97.
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:
In Illinois
In America
Lincolnwood Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Lincolnwood. Here is how it fairs on each of the criteria:
The Services index in Lincolnwood is 107.
The Groceries index in Lincolnwood is 104.
The Health index in Lincolnwood is 108.
The Housing index in Lincolnwood is 221.
The Transportation index in Lincolnwood is 106.
The Utilities index in Lincolnwood is 90.
| Living Expense | Lincolnwood | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 139 | 97 | 100 | |
| Services | 107 | 95 | 100 | |
| Groceries | 104 | 99 | 100 | |
| Health | 108 | 93 | 100 | |
| Housing | 221 | 95 | 100 | |
| Transportation | 106 | 102 | 100 | |
| Utilities | 90 | 91 | 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 2019-2023. The key points are:
The Median Home Value in Lincolnwood is $533,359.
The Median Rent in Lincolnwood is $3,501.
The Median Income in Lincolnwood is $107,950.
The Home Value To Income in Lincolnwood is 4.9x.
The Rent To Monthly Income in Lincolnwood is 0.39x.
| Statistic | Lincolnwood | Illinois | United States |
|---|---|---|---|
| Median Home Value | $533,359 | $283,508 | $303,400 |
| Median Rent | $3,501 | $1,227 | $1,348 |
| Median Income | $107,950 | $81,702 | $78,538 |
| Home Value To Income | 4.9x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.39x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
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
/10
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 134, 1.0x Lincolnwood.
Skokie, IL has a cost of living index of 124, 0.9x Lincolnwood.
Glenview, IL has a cost of living index of 149, 1.1x Lincolnwood.
| City | Population | Cost Of Living | Vs. Lincolnwood |
|---|---|---|---|
| Evanston, IL | 76,552 | 134 | 1.0x |
| Skokie, IL | 66,427 | 124 | 0.9x |
| Glenview, IL | 47,682 | 149 | 1.1x |
| Elmhurst, IL | 45,538 | 139 | 1.0x |
| Buffalo Grove, IL | 42,824 | 125 | 0.9x |
| Park Ridge, IL | 39,241 | 138 | 1.0x |
| Northbrook, IL | 34,642 | 153 | 1.1x |
| Niles, IL | 30,262 | 117 | 0.8x |
| Highland Park, IL | 30,229 | 148 | 1.1x |
| Wilmette, IL | 27,550 | 164 | 1.2x |
