Richton Park, IL Cost Of Living
Cost Of Living In Richton Park, IL Summary
Cost of living in Richton 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 Richton 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:
The cost of living index in Richton Park is 100, with 100 being the average.
The cost of living index in Richton Park is 1.0x lower than the national average.
Richton Park ranks as the #146 cheapest in Illinois out of 336.
Richton Park ranks as the #2,621 cheapest out of 6,489 in the US.
The median home value in Richton Park is $214,800.
The median income in Richton Park is $71,724.
Table Of Contents
Richton Park's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Richton Park, IL?
According to the most recent data on the cost of living, Richton Park has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to Illinois, Richton Park has a cost of living index that's 1.0x higher than Illinois's index of 97.
The standard of living in Richton Park ranks as #146 most affordable out of the 336 places we measured in Illinois. By definition, that implies Richton Park ranks as the #190 most expensive place in the Prairie State.
For more reading on life in Richton Park, check out:
In Illinois
In America
Richton Park Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Richton Park. Here is how it fairs on each of the criteria:
The Services index in Richton Park is 106.
The Groceries index in Richton Park is 98.
The Health index in Richton Park is 99.
The Housing index in Richton Park is 90.
The Transportation index in Richton Park is 113.
The Utilities index in Richton Park is 82.
| Living Expense | Richton Park | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 100 | 97 | 100 | |
| Services | 106 | 95 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 99 | 93 | 100 | |
| Housing | 90 | 95 | 100 | |
| Transportation | 113 | 102 | 100 | |
| Utilities | 82 | 91 | 100 | |
Richton Park, 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 Richton Park is $214,800.
The Median Rent in Richton Park is $1,313.
The Median Income in Richton Park is $71,724.
The Home Value To Income in Richton Park is 3.0x.
The Rent To Monthly Income in Richton Park is 0.22x.
| Statistic | Richton Park | Illinois | United States |
|---|---|---|---|
| Median Home Value | $214,800 | $283,508 | $303,400 |
| Median Rent | $1,313 | $1,227 | $1,348 |
| Median Income | $71,724 | $81,702 | $78,538 |
| Home Value To Income | 3.0x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Richton Park, IL Costs By Category
Detailed Richton Park Services Costs Vs. Illinois
| Item | Richton Park | Illinois |
|---|---|---|
| Shampoo | $1.32 | $1.28 |
| Movie | $9.99 | $12.13 |
| Bowling | $16.0 | $18 |
| Haircut | $19.72 | $24.26 |
| Beauty Salon | $37.22 | $45.56 |
Detailed Richton Park Groceries Costs Vs. Illinois
| Item | Richton Park | Illinois |
|---|---|---|
| Ground Beef | $5.94 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $5.08 | $4.93 |
| Pizza | $10.69 | $12.09 |
| Beer | $9.61 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Richton Park Health Costs Vs. Illinois
| Item | Richton Park | Illinois |
|---|---|---|
| Optometrist | $86.67 | $125.68 |
| Doctor | $110.0 | $135.78 |
| Dentist | $82.0 | $113.29 |
Detailed Richton Park Transportation Costs Vs. Illinois
| Item | Richton Park | Illinois |
|---|---|---|
| Gasoline | $3.52 | $3.46 |
| Tire Balancing | $45.0 | $59.92 |
Detailed Richton Park Utilities Costs Vs. Illinois
| Item | Richton Park | Illinois |
|---|---|---|
| All Electricity | $156.87 | $193.99 |
| Phone | $198.03 | $192.25 |
Richton Park SnackAbility
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Cost Of Living In Cities Around Richton Park
The cost of living varies in the cities and towns around Richton Park. Here's a quick look at the cost of living in the most populous nearby places:
Orland Park, IL has a cost of living index of 113, 1.1x Richton Park.
Tinley Park, IL has a cost of living index of 109, 1.1x Richton Park.
Chicago Heights, IL has a cost of living index of 91, 0.9x Richton Park.
| City | Population | Cost Of Living | Vs. Richton Park |
|---|---|---|---|
| Orland Park, IL | 57,961 | 113 | 1.1x |
| Tinley Park, IL | 55,007 | 109 | 1.1x |
| Chicago Heights, IL | 26,938 | 91 | 0.9x |
| Oak Forest, IL | 26,888 | 105 | 1.1x |
| Park Forest, IL | 20,898 | 91 | 0.9x |
| Frankfort, IL | 20,417 | 128 | 1.3x |
| Mokena, IL | 19,906 | 118 | 1.2x |
| Matteson, IL | 18,681 | 104 | 1.0x |
| Lemont, IL | 17,643 | 126 | 1.3x |
| Palos Heights, IL | 11,817 | 119 | 1.2x |
