What is the cost of living in University Park, IL?
According to the most recent data on the cost of living, University Park has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Illinois, University Park has a cost of living index that's 1.0x lower than Illinois's index of 98.
The standard of living in University Park ranks as #102 most affordable out of the 336 places we measured in Illinois. By definition, that implies University Park ranks as the #234 most expensive place in the Prairie State.
For more reading on life in University Park, check out:
University Park Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in University Park. Here is how it fares on each of the criteria:
The Services index in University Park is 98.
The Groceries index in University Park is 99.
The Health index in University Park is 79.
The Housing index in University Park is 104.
The Transportation index in University Park is 101.
The Utilities index in University Park is 100.
| Living Expense | University Park | Illinois | National Average |
|---|---|---|---|
| Overall | 94 | 98 | 100 |
| Services | 98 | 99 | 100 |
| Groceries | 99 | 99 | 100 |
| Health | 79 | 96 | 100 |
| Housing | 104 | 101 | 100 |
| Transportation | 101 | 99 | 100 |
| Utilities | 100 | 101 | 100 |
University Park Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in University Park Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
University 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 2020-2024. The key points are:
The Median Home Value in University Park is $184,105.
The Median Rent in University Park is $1,649.
The Median Income in University Park is $73,844.
The Home Value To Income in University Park is 2.5x.
The Rent To Monthly Income in University Park is 0.27x.
| Statistic | University Park | Illinois | United States |
|---|---|---|---|
| Median Home Value | $184,105 | $285,735 | $332,700 |
| Median Rent | $1,649 | $1,274 | $1,413 |
| Median Income | $73,844 | $83,390 | $80,734 |
| Home Value To Income | 2.5x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.27x | 0.18x | 0.21x |
University Park, IL Costs By Category
Detailed University Park Services costs vs. Illinois
| Item | University Park | Illinois |
|---|---|---|
| Shampoo | $1.32 | $1.28 |
| Movie | $9.99 | $12.13 |
| Bowling | $16.0 | $18 |
| Haircut | $19.72 | $24.26 |
| Beauty Salon | $37.22 | $45.56 |
Detailed University Park Groceries costs vs. Illinois
| Item | University Park | Illinois |
|---|---|---|
| Ground Beef | $5.94 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $5.08 | $4.93 |
| Pizza | $10.69 | $12.09 |
| Beer | $9.61 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed University Park Health costs vs. Illinois
| Item | University Park | Illinois |
|---|---|---|
| Optometrist | $86.67 | $125.68 |
| Doctor | $110.0 | $135.78 |
| Dentist | $82.0 | $113.29 |
Detailed University Park Transportation costs vs. Illinois
| Item | University Park | Illinois |
|---|---|---|
| Gasoline | $3.52 | $3.46 |
| Tire Balancing | $45.0 | $59.92 |
Detailed University Park Utilities costs vs. Illinois
| Item | University Park | Illinois |
|---|---|---|
| All Electricity | $156.87 | $193.99 |
| Phone | $198.03 | $192.25 |
University Park SnackAbility
Cost Of Living In Cities Around University Park
The cost of living varies in the cities and towns around University Park. 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 114, 1.2x University Park.
Tinley Park, IL has a cost of living index of 111, 1.2x University Park.
Oak Forest, IL has a cost of living index of 106, 1.1x University Park.
| City | Population | Cost Of Living | Vs. University Park |
|---|---|---|---|
| Orland Park, IL | 57,916 | 114 | 1.2x |
| Tinley Park, IL | 54,842 | 111 | 1.2x |
| Oak Forest, IL | 26,805 | 106 | 1.1x |
| Chicago Heights, IL | 26,736 | 92 | 1.0x |
| Homer Glen, IL | 24,529 | 121 | 1.3x |
| Park Forest, IL | 21,156 | 92 | 1.0x |
| Mokena, IL | 20,021 | 117 | 1.2x |
| Matteson, IL | 18,645 | 102 | 1.1x |
| Palos Hills, IL | 18,081 | 105 | 1.1x |
| Richton Park, IL | 12,521 | 98 | 1.0x |
