Cost of living in Posen 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 Posen 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 Posen is 97, with 100 being the average.
The cost of living index in Posen is 1.0x lower than the national average.
Posen ranks as the #142 cheapest in Illinois out of 338.
Posen ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Posen is $142,800.
The median income in Posen is $55,371.
According to the most recent data on the cost of living, Posen has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Illinois, Posen has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Posen ranks as #142 most affordable out of the 338 places we measured in Illinois. By definition, that implies Posen ranks as the #196 most expensive place in the Prairie State.
For more reading on life in Posen, check out:
Six factors go into calculating the cost of living index in Posen. Here is how it fairs on each of the criteria:
The Services index in Posen is 115.
The Groceries index in Posen is 106.
The Health index in Posen is 100.
The Housing index in Posen is 74.
The Transportation index in Posen is 114.
The Utilities index in Posen is 91.
|Living Expense||Posen||Illinois||National Average|
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 Posen is $142,800.
The Median Rent in Posen is $1,105.
The Median Income in Posen is $55,371.
The Home Value To Income in Posen is 2.6x.
The Rent To Monthly Income in Posen is 0.24x.
|Median Home Value||$142,800||$212,600||$244,900|
|Home Value To Income||2.6x||2.9x||3.5x|
|Rent To Monthly Income||0.24x||0.18x||0.2x|
The cost of living varies in the cities and towns around Posen. Here's a quick look at the cost of living in the most populous nearby places:
Tinley Park, IL has a cost of living index of 105, 1.1x Posen.
Westmont, IL has a cost of living index of 120, 1.2x Posen.
Blue Island, IL has a cost of living index of 96, 1.0x Posen.
|City||Population||Cost Of Living||Vs. Posen|
|Tinley Park, IL||55,988||105||1.1x|
|Blue Island, IL||22,934||96||1.0x|
|La Grange, IL||16,220||137||1.4x|
|Western Springs, IL||13,550||153||1.6x|
|River Forest, IL||11,742||154||1.6x|