Loves Park, IL Cost Of Living

The latest cost of living statistics for Loves Park. Includes statistics on rent, mortgages, healthcare, and other costs for Loves Park compared to the state and national averages.

Cost of living in Loves Park, Illinois

Cost of living in Loves Park 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 Loves Park 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:

90 Cost of living index 0.9x lower vs US
#69 Cheapest in Illinois (of 336)
#1,055 Cheapest in the U.S. (of 6,489)
$195,132 Median home value
$1,120 Median rent
$61,868 Median income
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What is the cost of living in Loves Park, IL?

According to the most recent data on the cost of living, Loves Park has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.

Compared to Illinois, Loves Park has a cost of living index that's 0.9x lower than Illinois's index of 98.

The standard of living in Loves Park ranks as #69 most affordable out of the 336 places we measured in Illinois. By definition, that implies Loves Park ranks as the #267 most expensive place in the Prairie State.

For more reading on life in Loves Park, check out:

Loves Park Cost Of Living Vs. Illinois

Six factors go into calculating the cost of living index in Loves Park. Here is how it fares on each of the criteria:

  • The Services index in Loves Park is 97.

  • The Groceries index in Loves Park is 98.

  • The Health index in Loves Park is 76.

  • The Housing index in Loves Park is 99.

  • The Transportation index in Loves Park is 97.

  • The Utilities index in Loves Park is 92.

Living Expense Loves Park Illinois National Average
Overall 90 98 100
Services 97 99 100
Groceries 98 99 100
Health 76 96 100
Housing 99 101 100
Transportation 97 99 100
Utilities 92 101 100

Loves Park Cost Of Living Compared To Illinois Averages

Services
Loves Park 97
Illinois avg 99
Groceries
Loves Park 98
Illinois avg 99
Health
Loves Park 76
Illinois avg 96
Housing
Loves Park 99
Illinois avg 101
Transportation
Loves Park 97
Illinois avg 99
Utilities
Loves Park 92
Illinois avg 101

Index where 100 = national average. Source: cost-of-living index 2026.

For more reading on cost of living around Illinois, check out:

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Source: Cost-of-living index 2026, normalized to US average = 100

Loves Park, IL Housing Cost Breakdown

$195,132Median Home Value
$1,120Median Rent
$61,868Median Income

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 Loves Park is $195,132.

  • The Median Rent in Loves Park is $1,120.

  • The Median Income in Loves Park is $61,868.

  • The Home Value To Income in Loves Park is 3.2x.

  • The Rent To Monthly Income in Loves Park is 0.22x.

Statistic Loves Park Illinois United States
Median Home Value $195,132 $285,735 $332,700
Median Rent $1,120 $1,274 $1,413
Median Income $61,868 $83,390 $80,734
Home Value To Income 3.2x 3.4x 4.1x
Rent To Monthly Income 0.22x 0.18x 0.21x

Loves Park, IL Costs By Category

Detailed Loves Park Services costs vs. Illinois
Item Loves Park Illinois
Shampoo $1.27 $1.28
Movie $12.73 $12.13
Bowling $12.67 $18
Haircut $19.94 $24.26
Beauty Salon $36.22 $45.56
Detailed Loves Park Groceries costs vs. Illinois
Item Loves Park Illinois
Ground Beef $5.72 $5.84
Fried Chicken $1.42 $1.57
Milk $4.63 $4.67
Potatoes $4.82 $4.93
Pizza $10.99 $12.09
Beer $9.56 $10.41
Toothpaste $3.58 $3.7
Detailed Loves Park Health costs vs. Illinois
Item Loves Park Illinois
Optometrist $79.67 $125.68
Doctor $158.33 $135.78
Dentist $110.16 $113.29
Detailed Loves Park Transportation costs vs. Illinois
Item Loves Park Illinois
Gasoline $3.69 $3.46
Tire Balancing $70.28 $59.92
Detailed Loves Park Utilities costs vs. Illinois
Item Loves Park Illinois
All Electricity $147.39 $193.99
Phone $198.03 $192.25

Loves Park SnackAbility

8Overall SnackAbility
Jobs 6/10
Housing 6/10
Affordability 8.5/10
Diversity 8/10
Safety 8/10
Amenities 8.5/10
Education 8/10
Commute 8/10

Cost Of Living In Cities Around Loves Park

The cost of living varies in the cities and towns around Loves Park. Here's a quick look at the cost of living in the most populous nearby places:

  • Rockford, IL has a cost of living index of 89, 1.0x Loves Park.

  • Beloit, WI has a cost of living index of 88, 1.0x Loves Park.

  • Belvidere, IL has a cost of living index of 90, 1.0x Loves Park.

City Population Cost Of Living Vs. Loves Park
Rockford, IL 147,521 89 1.0x
Beloit, WI 36,534 88 1.0x
Belvidere, IL 24,752 90 1.0x
Machesney Park, IL 22,630 93 1.0x
Roscoe, IL 10,706 101 1.1x
Rockton, IL 7,974 96 1.1x
South Beloit, IL 7,946 92 1.0x
Candlewick Lake, IL 5,448 99 1.1x