Rolling Meadows, IL Cost Of Living
Cost Of Living In Rolling Meadows, IL Summary
Cost of living in Rolling Meadows 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 Rolling Meadows 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 Rolling Meadows is 115, with 100 being the average.
The cost of living index in Rolling Meadows is 1.1x higher than the national average.
Rolling Meadows ranks as the #254 cheapest in Illinois out of 336.
Rolling Meadows ranks as the #4,090 cheapest out of 6,489 in the US.
The median home value in Rolling Meadows is $317,619.
The median income in Rolling Meadows is $100,424.
Table Of Contents
Rolling Meadows's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Rolling Meadows, IL?
According to the most recent data on the cost of living, Rolling Meadows has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to Illinois, Rolling Meadows has a cost of living index that's 1.2x higher than Illinois's index of 97.
The standard of living in Rolling Meadows ranks as #254 most affordable out of the 336 places we measured in Illinois. By definition, that implies Rolling Meadows ranks as the #82 most expensive place in the Prairie State.
For more reading on life in Rolling Meadows, check out:
In Illinois
In America
Rolling Meadows Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Rolling Meadows. Here is how it fairs on each of the criteria:
The Services index in Rolling Meadows is 105.
The Groceries index in Rolling Meadows is 103.
The Health index in Rolling Meadows is 106.
The Housing index in Rolling Meadows is 138.
The Transportation index in Rolling Meadows is 105.
The Utilities index in Rolling Meadows is 91.
| Living Expense | Rolling Meadows | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 115 | 97 | 100 | |
| Services | 105 | 95 | 100 | |
| Groceries | 103 | 99 | 100 | |
| Health | 106 | 93 | 100 | |
| Housing | 138 | 95 | 100 | |
| Transportation | 105 | 102 | 100 | |
| Utilities | 91 | 91 | 100 | |
Rolling Meadows, 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 Rolling Meadows is $317,619.
The Median Rent in Rolling Meadows is $1,563.
The Median Income in Rolling Meadows is $100,424.
The Home Value To Income in Rolling Meadows is 3.2x.
The Rent To Monthly Income in Rolling Meadows is 0.19x.
| Statistic | Rolling Meadows | Illinois | United States |
|---|---|---|---|
| Median Home Value | $317,619 | $283,508 | $303,400 |
| Median Rent | $1,563 | $1,227 | $1,348 |
| Median Income | $100,424 | $81,702 | $78,538 |
| Home Value To Income | 3.2x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Rolling Meadows, IL Costs By Category
Detailed Rolling Meadows Services Costs Vs. Illinois
| Item | Rolling Meadows | 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 Rolling Meadows Groceries Costs Vs. Illinois
| Item | Rolling Meadows | 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 Rolling Meadows Health Costs Vs. Illinois
| Item | Rolling Meadows | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Rolling Meadows Transportation Costs Vs. Illinois
| Item | Rolling Meadows | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Rolling Meadows Utilities Costs Vs. Illinois
| Item | Rolling Meadows | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Rolling Meadows SnackAbility
/10
Cost Of Living In Cities Around Rolling Meadows
The cost of living varies in the cities and towns around Rolling Meadows. Here's a quick look at the cost of living in the most populous nearby places:
Schaumburg, IL has a cost of living index of 117, 1.0x Rolling Meadows.
Arlington Heights, IL has a cost of living index of 124, 1.1x Rolling Meadows.
Palatine, IL has a cost of living index of 116, 1.0x Rolling Meadows.
| City | Population | Cost Of Living | Vs. Rolling Meadows |
|---|---|---|---|
| Schaumburg, IL | 76,780 | 117 | 1.0x |
| Arlington Heights, IL | 76,220 | 124 | 1.1x |
| Palatine, IL | 66,548 | 116 | 1.0x |
| Mount Prospect, IL | 55,648 | 122 | 1.1x |
| Hoffman Estates, IL | 51,186 | 118 | 1.0x |
| Glenview, IL | 47,682 | 149 | 1.3x |
| Elmhurst, IL | 45,538 | 139 | 1.2x |
| Buffalo Grove, IL | 42,824 | 125 | 1.1x |
| Park Ridge, IL | 39,241 | 138 | 1.2x |
| Wheeling, IL | 38,495 | 108 | 0.9x |
