Cost of living in Spring Grove 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 Spring Grove 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 Spring Grove is 125, with 100 being the average.
The cost of living index in Spring Grove is 1.2x higher than the national average.
Spring Grove ranks as the #291 cheapest in Illinois out of 336.
Spring Grove ranks as the #4,715 cheapest out of 6,489 in the US.
The median home value in Spring Grove is $406,523.
The median income in Spring Grove is $133,224.
According to the most recent data on the cost of living, Spring Grove has an overall cost of living index of 125, which is 1.2x higher than the national index of 100.
Compared to Illinois, Spring Grove has a cost of living index that's 1.3x higher than Illinois's index of 97.
The standard of living in Spring Grove ranks as #291 most affordable out of the 336 places we measured in Illinois. By definition, that implies Spring Grove ranks as the #45 most expensive place in the Prairie State.
For more reading on life in Spring Grove, check out:
Six factors go into calculating the cost of living index in Spring Grove. Here is how it fairs on each of the criteria:
The Services index in Spring Grove is 100.
The Groceries index in Spring Grove is 105.
The Health index in Spring Grove is 113.
The Housing index in Spring Grove is 185.
The Transportation index in Spring Grove is 100.
The Utilities index in Spring Grove is 103.
| Living Expense | Spring Grove | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 125 | 97 | 100 | |
| Services | 100 | 95 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 113 | 93 | 100 | |
| Housing | 185 | 95 | 100 | |
| Transportation | 100 | 102 | 100 | |
| Utilities | 103 | 91 | 100 | |
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 Spring Grove is $406,523.
The Median Rent in Spring Grove is -.
The Median Income in Spring Grove is $133,224.
The Home Value To Income in Spring Grove is 3.1x.
The Rent To Monthly Income in Spring Grove is nanx.
| Statistic | Spring Grove | Illinois | United States |
|---|---|---|---|
| Median Home Value | $406,523 | $283,508 | $303,400 |
| Median Rent | - | $1,227 | $1,348 |
| Median Income | $133,224 | $81,702 | $78,538 |
| Home Value To Income | 3.1x | 3.5x | 3.9x |
| Rent To Monthly Income | nanx | 0.18x | 0.21x |
| Item | Spring Grove | Illinois |
|---|---|---|
| Shampoo | $1.07 | $1.28 |
| Movie | $10.26 | $12.13 |
| Bowling | $10.03 | $18 |
| Haircut | $20.21 | $24.26 |
| Beauty Salon | $33.25 | $45.56 |
| Item | Spring Grove | Illinois |
|---|---|---|
| Ground Beef | $6.05 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $4.1 | $4.93 |
| Pizza | $11.33 | $12.09 |
| Beer | $8.52 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
| Item | Spring Grove | Illinois |
|---|---|---|
| Optometrist | $278.65 | $125.68 |
| Doctor | $223.73 | $135.78 |
| Dentist | $106.79 | $113.29 |
| Item | Spring Grove | Illinois |
|---|---|---|
| Gasoline | $3.3 | $3.46 |
| Tire Balancing | $44.14 | $59.92 |
| Item | Spring Grove | Illinois |
|---|---|---|
| All Electricity | $182.69 | $193.99 |
| Phone | $185.79 | $192.25 |
The cost of living varies in the cities and towns around Spring Grove. Here's a quick look at the cost of living in the most populous nearby places:
Mundelein, IL has a cost of living index of 114, 0.9x Spring Grove.
Gurnee, IL has a cost of living index of 117, 0.9x Spring Grove.
Libertyville, IL has a cost of living index of 135, 1.1x Spring Grove.
| City | Population | Cost Of Living | Vs. Spring Grove |
|---|---|---|---|
| Mundelein, IL | 31,632 | 114 | 0.9x |
| Gurnee, IL | 30,486 | 117 | 0.9x |
| Libertyville, IL | 20,493 | 135 | 1.1x |
| Lake Zurich, IL | 19,727 | 127 | 1.0x |
| Cary, IL | 17,875 | 115 | 0.9x |
| Antioch, IL | 14,751 | 109 | 0.9x |
| Lindenhurst, IL | 14,365 | 114 | 0.9x |
| Fox Lake, IL | 10,872 | 101 | 0.8x |
| Gages Lake, IL | 10,706 | 113 | 0.9x |
| Hawthorn Woods, IL | 9,145 | 167 | 1.3x |