What is the cost of living in Prospect Heights, IL?
According to the most recent data on the cost of living, Prospect Heights has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to Illinois, Prospect Heights has a cost of living index that's 1.2x higher than Illinois's index of 98.
The standard of living in Prospect Heights ranks as #258 most affordable out of the 336 places we measured in Illinois. By definition, that implies Prospect Heights ranks as the #78 most expensive place in the Prairie State.
For more reading on life in Prospect Heights, check out:
Prospect Heights Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Prospect Heights. Here is how it fares on each of the criteria:
The Services index in Prospect Heights is 98.
The Groceries index in Prospect Heights is 96.
The Health index in Prospect Heights is 153.
The Housing index in Prospect Heights is 101.
The Transportation index in Prospect Heights is 100.
The Utilities index in Prospect Heights is 96.
| Living Expense | Prospect Heights | Illinois | National Average |
|---|---|---|---|
| Overall | 115 | 98 | 100 |
| Services | 98 | 99 | 100 |
| Groceries | 96 | 99 | 100 |
| Health | 153 | 96 | 100 |
| Housing | 101 | 101 | 100 |
| Transportation | 100 | 99 | 100 |
| Utilities | 96 | 101 | 100 |
Prospect Heights 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 Prospect Heights Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Prospect Heights, 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 Prospect Heights is $366,445.
The Median Rent in Prospect Heights is $1,475.
The Median Income in Prospect Heights is $85,008.
The Home Value To Income in Prospect Heights is 4.3x.
The Rent To Monthly Income in Prospect Heights is 0.21x.
| Statistic | Prospect Heights | Illinois | United States |
|---|---|---|---|
| Median Home Value | $366,445 | $285,735 | $332,700 |
| Median Rent | $1,475 | $1,274 | $1,413 |
| Median Income | $85,008 | $83,390 | $80,734 |
| Home Value To Income | 4.3x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.21x |
Prospect Heights, IL Costs By Category
Detailed Prospect Heights Services costs vs. Illinois
| Item | Prospect Heights | 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 Prospect Heights Groceries costs vs. Illinois
| Item | Prospect Heights | 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 Prospect Heights Health costs vs. Illinois
| Item | Prospect Heights | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Prospect Heights Transportation costs vs. Illinois
| Item | Prospect Heights | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Prospect Heights Utilities costs vs. Illinois
| Item | Prospect Heights | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Prospect Heights SnackAbility
Cost Of Living In Cities Around Prospect Heights
The cost of living varies in the cities and towns around Prospect Heights. Here's a quick look at the cost of living in the most populous nearby places:
Arlington Heights, IL has a cost of living index of 125, 1.1x Prospect Heights.
Des Plaines, IL has a cost of living index of 110, 1.0x Prospect Heights.
Mount Prospect, IL has a cost of living index of 121, 1.1x Prospect Heights.
| City | Population | Cost Of Living | Vs. Prospect Heights |
|---|---|---|---|
| Arlington Heights, IL | 76,005 | 125 | 1.1x |
| Des Plaines, IL | 59,156 | 110 | 1.0x |
| Mount Prospect, IL | 55,472 | 121 | 1.1x |
| Glenview, IL | 47,752 | 146 | 1.3x |
| Elmhurst, IL | 45,671 | 134 | 1.2x |
| Buffalo Grove, IL | 42,891 | 126 | 1.1x |
| Park Ridge, IL | 38,667 | 135 | 1.2x |
| Wheeling, IL | 38,433 | 103 | 0.9x |
| Northbrook, IL | 34,585 | 151 | 1.3x |
| Highland Park, IL | 30,398 | 144 | 1.3x |
