University Park, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In University Park, IL Summary

Cost of living in University 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 University 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 University Park is 91, with 100 being the average.

  • The cost of living index in University Park is 0.9x lower than the national average.

  • University Park ranks as the #101 cheapest in Illinois out of 338.

  • University Park ranks as the #1,804 cheapest out of 6,412 in the US.

  • The median home value in University Park is $127,000.

  • The median income in University Park is $65,924.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
91
University Park's Overall Cost Of Living
0.9x
Lower Than The National Average

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 91, 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 92.

The standard of living in University Park ranks as #101 most affordable out of the 338 places we measured in Illinois. By definition, that implies University Park ranks as the #237 most expensive place in the Prairie State.

For more reading on life in University Park, check out:

101 out of 338
In Illinois
1,804 out of 6,412
In America

University Park Cost Of Living Vs. Illinois

Six factors go into calculating the cost of living index in University Park. Here is how it fairs on each of the criteria:

  • The Services index in University Park is 97.

  • The Groceries index in University Park is 93.

  • The Health index in University Park is 110.

  • The Housing index in University Park is 73.

  • The Transportation index in University Park is 110.

  • The Utilities index in University Park is 87.

Living Expense University Park Illinois National Average
Overall 91 92 100
Services 97 95 100
Groceries 93 98 100
Health 110 96 100
Housing 73 81 100
Transportation 110 105 100
Utilities 87 90 100
For more reading on cost of living around Illinois, check out:
University Park Cost of Living Vs. IL

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 2017-2021. The key points are:

  • The Median Home Value in University Park is $127,000.

  • The Median Rent in University Park is $1,064.

  • The Median Income in University Park is $65,924.

  • The Home Value To Income in University Park is 1.9x.

  • The Rent To Monthly Income in University Park is 0.19x.

Statistic University Park Illinois United States
Median Home Value $127,000 $212,600 $244,900
Median Rent $1,064 $1,097 $1,163
Median Income $65,924 $72,563 $69,021
Home Value To Income 1.9x 2.9x 3.5x
Rent To Monthly Income 0.19x 0.18x 0.2x
Search Homes For Sale In University Park, IL
$127,000
Median Home Value
$1,064
Median Rent
$65,924
Median Income

University Park, IL Costs By Category

Detailed University Park Services Costs Vs. Illinois

Item University Park Illinois
Shampoo $1.08 $1.06
Movie $10.54 $10.68
Bowling $15.5 $14.67
Haircut $20.12 $18.62
Beauty Salon $37.89 $39.05

Detailed University Park Groceries Costs Vs. Illinois

Item University Park Illinois
Ground Beef $4.97 $4.22
Fried Chicken $1.29 $1.39
Milk $1.69 $2.05
Potatoes $3.81 $3.29
Pizza $10.98 $10.62
Beer $8.53 $9.38
Toothpaste $2.73 $2.34

Detailed University Park Health Costs Vs. Illinois

Item University Park Illinois
Optometrist $107.11 $108.57
Doctor $157.4 $116.17
Dentist $103.57 $99.13

Detailed University Park Transportation Costs Vs. Illinois

Item University Park Illinois
Gasoline $2.4 $2.22
Tire Balancing $56.78 $50.07

Detailed University Park Utilities Costs Vs. Illinois

Item University Park Illinois
All Electricity $130.12 $167.67
Phone $191.29 $175.64

University Park SnackAbility

5
/10
Overall SnackAbility
Jobs
7/10
Housing
7
Affordability
8.5
Diversity
8
Safety
8
Amenities
7
Education
8.5
Commute
4

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 112, 1.2x University Park.

  • Tinley Park, IL has a cost of living index of 105, 1.2x University Park.

  • Chicago Heights, IL has a cost of living index of 90, 1.0x University Park.

City Population Cost Of Living Vs. University Park
Orland Park, IL 58,622 112 1.2x
Tinley Park, IL 55,988 105 1.2x
Chicago Heights, IL 27,840 90 1.0x
Oak Forest, IL 27,445 99 1.1x
Homer Glen, IL 24,664 120 1.3x
Park Forest, IL 21,368 87 1.0x
Mokena, IL 19,897 110 1.2x
Matteson, IL 19,047 99 1.1x
Palos Hills, IL 18,379 105 1.2x
Richton Park, IL 12,867 95 1.0x

Articles About Illinois

Enjoy The Snack?