Cost of living in Steger 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 Steger 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 Steger is 93, with 100 being the average.
The cost of living index in Steger is 0.9x lower than the national average.
Steger ranks as the #98 cheapest in Illinois out of 336.
Steger ranks as the #1,658 cheapest out of 6,489 in the US.
The median home value in Steger is $170,280.
The median income in Steger is $59,691.
According to the most recent data on the cost of living, Steger has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Illinois, Steger has a cost of living index that's 1.0x lower than Illinois's index of 97.
The standard of living in Steger ranks as #98 most affordable out of the 336 places we measured in Illinois. By definition, that implies Steger ranks as the #238 most expensive place in the Prairie State.
For more reading on life in Steger, check out:
Six factors go into calculating the cost of living index in Steger. Here is how it fairs on each of the criteria:
The Services index in Steger is 106.
The Groceries index in Steger is 99.
The Health index in Steger is 99.
The Housing index in Steger is 70.
The Transportation index in Steger is 115.
The Utilities index in Steger is 78.
| Living Expense | Steger | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 93 | 97 | 100 | |
| Services | 106 | 95 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 99 | 93 | 100 | |
| Housing | 70 | 95 | 100 | |
| Transportation | 115 | 102 | 100 | |
| Utilities | 78 | 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 Steger is $170,280.
The Median Rent in Steger is $1,035.
The Median Income in Steger is $59,691.
The Home Value To Income in Steger is 2.9x.
The Rent To Monthly Income in Steger is 0.21x.
The cost of living varies in the cities and towns around Steger. 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, 1.2x Steger.
Tinley Park, IL has a cost of living index of 109, 1.2x Steger.
Chicago Heights, IL has a cost of living index of 91, 1.0x Steger.
| City | Population | Cost Of Living | Vs. Steger |
|---|---|---|---|
| Orland Park, IL | 57,961 | 113 | 1.2x |
| Tinley Park, IL | 55,007 | 109 | 1.2x |
| Chicago Heights, IL | 26,938 | 91 | 1.0x |
| Oak Forest, IL | 26,888 | 105 | 1.1x |
| Homer Glen, IL | 24,516 | 119 | 1.3x |
| Park Forest, IL | 20,898 | 91 | 1.0x |
| Mokena, IL | 19,906 | 118 | 1.3x |
| Palos Hills, IL | 18,139 | 106 | 1.1x |
| Palos Heights, IL | 11,817 | 119 | 1.3x |
| Frankfort Square, IL | 9,777 | 108 | 1.2x |