What is the cost of living in Volo, IL?
According to the most recent data on the cost of living, Volo has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Illinois, Volo has a cost of living index that's 1.1x higher than Illinois's index of 98.
The standard of living in Volo ranks as #230 most affordable out of the 336 places we measured in Illinois. By definition, that implies Volo ranks as the #106 most expensive place in the Prairie State.
For more reading on life in Volo, check out:
Volo Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Volo. Here is how it fares on each of the criteria:
The Services index in Volo is 98.
The Groceries index in Volo is 99.
The Health index in Volo is 134.
The Housing index in Volo is 102.
The Transportation index in Volo is 99.
The Utilities index in Volo is 99.
| Living Expense | Volo | Illinois | National Average |
|---|---|---|---|
| Overall | 111 | 98 | 100 |
| Services | 98 | 99 | 100 |
| Groceries | 99 | 99 | 100 |
| Health | 134 | 96 | 100 |
| Housing | 102 | 101 | 100 |
| Transportation | 99 | 99 | 100 |
| Utilities | 99 | 101 | 100 |
Volo 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 Volo Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Volo, 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 Volo is $366,347.
The Median Rent in Volo is $2,169.
The Median Income in Volo is $160,792.
The Home Value To Income in Volo is 2.3x.
The Rent To Monthly Income in Volo is 0.16x.
Volo, IL Costs By Category
Detailed Volo Services costs vs. Illinois
Detailed Volo Groceries costs vs. Illinois
Detailed Volo Health costs vs. Illinois
Detailed Volo Transportation costs vs. Illinois
Volo SnackAbility
Cost Of Living In Cities Around Volo
The cost of living varies in the cities and towns around Volo. Here's a quick look at the cost of living in the most populous nearby places:
Arlington Heights, IL has a cost of living index of 125, 1.1x Volo.
Buffalo Grove, IL has a cost of living index of 126, 1.1x Volo.
Round Lake Beach, IL has a cost of living index of 100, 0.9x Volo.
| City | Population | Cost Of Living | Vs. Volo |
|---|---|---|---|
| Arlington Heights, IL | 76,005 | 125 | 1.1x |
| Buffalo Grove, IL | 42,891 | 126 | 1.1x |
| Round Lake Beach, IL | 27,079 | 100 | 0.9x |
| Vernon Hills, IL | 26,876 | 126 | 1.1x |
| Libertyville, IL | 20,525 | 133 | 1.2x |
| Lake Zurich, IL | 19,832 | 122 | 1.1x |
| Deerfield, IL | 19,518 | 148 | 1.3x |
| Round Lake, IL | 18,628 | 106 | 1.0x |
| Lindenhurst, IL | 14,417 | 110 | 1.0x |
| Wauconda, IL | 14,027 | 106 | 1.0x |
