Round Lake Park, IL Cost Of Living
Cost Of Living In Round Lake Park, IL Summary
Cost of living in Round Lake 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 Round Lake 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 Round Lake Park is 99, with 100 being the average.
The cost of living index in Round Lake Park is 1.0x lower than the national average.
Round Lake Park ranks as the #139 cheapest in Illinois out of 336.
Round Lake Park ranks as the #2,497 cheapest out of 6,489 in the US.
The median home value in Round Lake Park is $216,302.
The median income in Round Lake Park is $57,486.
Table Of Contents
Round Lake Park's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Round Lake Park, IL?
According to the most recent data on the cost of living, Round Lake Park has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Illinois, Round Lake Park has a cost of living index that's 1.0x higher than Illinois's index of 97.
The standard of living in Round Lake Park ranks as #139 most affordable out of the 336 places we measured in Illinois. By definition, that implies Round Lake Park ranks as the #197 most expensive place in the Prairie State.
For more reading on life in Round Lake Park, check out:
In Illinois
In America
Round Lake Park Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Round Lake Park. Here is how it fairs on each of the criteria:
The Services index in Round Lake Park is 106.
The Groceries index in Round Lake Park is 105.
The Health index in Round Lake Park is 109.
The Housing index in Round Lake Park is 81.
The Transportation index in Round Lake Park is 109.
The Utilities index in Round Lake Park is 88.
| Living Expense | Round Lake Park | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 99 | 97 | 100 | |
| Services | 106 | 95 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 109 | 93 | 100 | |
| Housing | 81 | 95 | 100 | |
| Transportation | 109 | 102 | 100 | |
| Utilities | 88 | 91 | 100 | |
Round Lake 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 Round Lake Park is $216,302.
The Median Rent in Round Lake Park is $1,320.
The Median Income in Round Lake Park is $57,486.
The Home Value To Income in Round Lake Park is 3.8x.
The Rent To Monthly Income in Round Lake Park is 0.28x.
| Statistic | Round Lake Park | Illinois | United States |
|---|---|---|---|
| Median Home Value | $216,302 | $283,508 | $303,400 |
| Median Rent | $1,320 | $1,227 | $1,348 |
| Median Income | $57,486 | $81,702 | $78,538 |
| Home Value To Income | 3.8x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.28x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Round Lake Park, IL Costs By Category
Detailed Round Lake Park Services Costs Vs. Illinois
| Item | Round Lake Park | 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 Round Lake Park Groceries Costs Vs. Illinois
| Item | Round Lake Park | 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 Round Lake Park Health Costs Vs. Illinois
| Item | Round Lake Park | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Round Lake Park Transportation Costs Vs. Illinois
| Item | Round Lake Park | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Round Lake Park Utilities Costs Vs. Illinois
| Item | Round Lake Park | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Round Lake Park SnackAbility
/10
Cost Of Living In Cities Around Round Lake Park
The cost of living varies in the cities and towns around Round Lake Park. 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 124, 1.3x Round Lake Park.
Buffalo Grove, IL has a cost of living index of 125, 1.3x Round Lake Park.
Northbrook, IL has a cost of living index of 153, 1.5x Round Lake Park.
| City | Population | Cost Of Living | Vs. Round Lake Park |
|---|---|---|---|
| Arlington Heights, IL | 76,220 | 124 | 1.3x |
| Buffalo Grove, IL | 42,824 | 125 | 1.3x |
| Northbrook, IL | 34,642 | 153 | 1.5x |
| Highland Park, IL | 30,229 | 148 | 1.5x |
| Round Lake Beach, IL | 27,081 | 100 | 1.0x |
| Grayslake, IL | 20,707 | 113 | 1.1x |
| Lake Zurich, IL | 19,727 | 127 | 1.3x |
| Deerfield, IL | 19,185 | 148 | 1.5x |
| Round Lake, IL | 18,588 | 109 | 1.1x |
| Lindenhurst, IL | 14,365 | 114 | 1.2x |
