New Lenox, IL Cost Of Living
Cost Of Living In New Lenox, IL Summary
Cost of living in New Lenox 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 New Lenox 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 New Lenox is 110, with 100 being the average.
The cost of living index in New Lenox is 1.1x higher than the national average.
New Lenox ranks as the #242 cheapest in Illinois out of 338.
New Lenox ranks as the #4,128 cheapest out of 6,412 in the US.
The median home value in New Lenox is $316,200.
The median income in New Lenox is $118,817.
Table Of Contents
New Lenox's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in New Lenox, IL?
According to the most recent data on the cost of living, New Lenox has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Illinois, New Lenox has a cost of living index that's 1.2x higher than Illinois's index of 92.
The standard of living in New Lenox ranks as #242 most affordable out of the 338 places we measured in Illinois. By definition, that implies New Lenox ranks as the #96 most expensive place in the Prairie State.
For more reading on life in New Lenox, check out:
- Living In New Lenox
- New Lenox Crime Report
- Search Homes For Sale In New Lenox, IL
In Illinois
In America
New Lenox Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in New Lenox. Here is how it fairs on each of the criteria:
The Services index in New Lenox is 97.
The Groceries index in New Lenox is 96.
The Health index in New Lenox is 108.
The Housing index in New Lenox is 137.
The Transportation index in New Lenox is 109.
The Utilities index in New Lenox is 88.
| Living Expense | New Lenox | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 110 | 92 | 100 | |
| Services | 97 | 95 | 100 | |
| Groceries | 96 | 98 | 100 | |
| Health | 108 | 96 | 100 | |
| Housing | 137 | 81 | 100 | |
| Transportation | 109 | 105 | 100 | |
| Utilities | 88 | 90 | 100 | |
New Lenox, 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 2017-2021. The key points are:
The Median Home Value in New Lenox is $316,200.
The Median Rent in New Lenox is $1,195.
The Median Income in New Lenox is $118,817.
The Home Value To Income in New Lenox is 2.7x.
The Rent To Monthly Income in New Lenox is 0.12x.
| Statistic | New Lenox | Illinois | United States |
|---|---|---|---|
| Median Home Value | $316,200 | $212,600 | $244,900 |
| Median Rent | $1,195 | $1,097 | $1,163 |
| Median Income | $118,817 | $72,563 | $69,021 |
| Home Value To Income | 2.7x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
New Lenox, IL Costs By Category
Detailed New Lenox Services Costs Vs. Illinois
Detailed New Lenox Groceries Costs Vs. Illinois
Detailed New Lenox Health Costs Vs. Illinois
Detailed New Lenox Transportation Costs Vs. Illinois
Detailed New Lenox Utilities Costs Vs. Illinois
New Lenox SnackAbility
/10
Cost Of Living In Cities Around New Lenox
The cost of living varies in the cities and towns around New Lenox. Here's a quick look at the cost of living in the most populous nearby places:
Naperville, IL has a cost of living index of 125, 1.1x New Lenox.
Orland Park, IL has a cost of living index of 112, 1.0x New Lenox.
Tinley Park, IL has a cost of living index of 105, 1.0x New Lenox.
| City | Population | Cost Of Living | Vs. New Lenox |
|---|---|---|---|
| Naperville, IL | 149,013 | 125 | 1.1x |
| Orland Park, IL | 58,622 | 112 | 1.0x |
| Tinley Park, IL | 55,988 | 105 | 1.0x |
| Downers Grove, IL | 50,209 | 120 | 1.1x |
| Lockport, IL | 26,070 | 104 | 0.9x |
| Homer Glen, IL | 24,664 | 120 | 1.1x |
| Westmont, IL | 24,632 | 120 | 1.1x |
| Darien, IL | 22,087 | 111 | 1.0x |
| Crest Hill, IL | 20,305 | 94 | 0.9x |
| Frankfort, IL | 20,040 | 126 | 1.1x |
