Skokie, IL Cost Of Living
Cost Of Living In Skokie, IL Summary
Cost of living in Skokie 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 Skokie 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 Skokie is 124, with 100 being the average.
The cost of living index in Skokie is 1.2x higher than the national average.
Skokie ranks as the #286 cheapest in Illinois out of 336.
Skokie ranks as the #4,654 cheapest out of 6,489 in the US.
The median home value in Skokie is $402,615.
The median income in Skokie is $93,550.
Table Of Contents
Skokie's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Skokie, IL?
According to the most recent data on the cost of living, Skokie has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to Illinois, Skokie has a cost of living index that's 1.3x higher than Illinois's index of 97.
The standard of living in Skokie ranks as #286 most affordable out of the 336 places we measured in Illinois. By definition, that implies Skokie ranks as the #50 most expensive place in the Prairie State.
For more reading on life in Skokie, check out:
In Illinois
In America
Skokie Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Skokie. Here is how it fairs on each of the criteria:
The Services index in Skokie is 108.
The Groceries index in Skokie is 104.
The Health index in Skokie is 109.
The Housing index in Skokie is 164.
The Transportation index in Skokie is 106.
The Utilities index in Skokie is 90.
| Living Expense | Skokie | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 124 | 97 | 100 | |
| Services | 108 | 95 | 100 | |
| Groceries | 104 | 99 | 100 | |
| Health | 109 | 93 | 100 | |
| Housing | 164 | 95 | 100 | |
| Transportation | 106 | 102 | 100 | |
| Utilities | 90 | 91 | 100 | |
Skokie, 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 Skokie is $402,615.
The Median Rent in Skokie is $1,491.
The Median Income in Skokie is $93,550.
The Home Value To Income in Skokie is 4.3x.
The Rent To Monthly Income in Skokie is 0.19x.
Median Home Value
Median Rent
Median Income
Skokie, IL Costs By Category
Detailed Skokie Services Costs Vs. Illinois
Detailed Skokie Groceries Costs Vs. Illinois
Detailed Skokie Health Costs Vs. Illinois
Detailed Skokie Transportation Costs Vs. Illinois
Detailed Skokie Utilities Costs Vs. Illinois
Skokie SnackAbility
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Cost Of Living In Cities Around Skokie
The cost of living varies in the cities and towns around Skokie. Here's a quick look at the cost of living in the most populous nearby places:
Evanston, IL has a cost of living index of 134, 1.1x Skokie.
Glenview, IL has a cost of living index of 149, 1.2x Skokie.
Elmhurst, IL has a cost of living index of 139, 1.1x Skokie.
| City | Population | Cost Of Living | Vs. Skokie |
|---|---|---|---|
| Evanston, IL | 76,552 | 134 | 1.1x |
| Glenview, IL | 47,682 | 149 | 1.2x |
| Elmhurst, IL | 45,538 | 139 | 1.1x |
| Buffalo Grove, IL | 42,824 | 125 | 1.0x |
| Park Ridge, IL | 39,241 | 138 | 1.1x |
| Northbrook, IL | 34,642 | 153 | 1.2x |
| Niles, IL | 30,262 | 117 | 0.9x |
| Highland Park, IL | 30,229 | 148 | 1.2x |
| Wilmette, IL | 27,550 | 164 | 1.3x |
| Morton Grove, IL | 24,687 | 129 | 1.0x |
