Cost of living in Wauconda 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 Wauconda 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 Wauconda is 110, with 100 being the average.
The cost of living index in Wauconda is 1.1x higher than the national average.
Wauconda ranks as the #214 cheapest in Illinois out of 336.
Wauconda ranks as the #3,657 cheapest out of 6,489 in the US.
The median home value in Wauconda is $333,342.
The median income in Wauconda is $112,438.
According to the most recent data on the cost of living, Wauconda has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Illinois, Wauconda has a cost of living index that's 1.1x higher than Illinois's index of 97.
The standard of living in Wauconda ranks as #214 most affordable out of the 336 places we measured in Illinois. By definition, that implies Wauconda ranks as the #122 most expensive place in the Prairie State.
For more reading on life in Wauconda, check out:
Six factors go into calculating the cost of living index in Wauconda. Here is how it fairs on each of the criteria:
The Services index in Wauconda is 106.
The Groceries index in Wauconda is 105.
The Health index in Wauconda is 110.
The Housing index in Wauconda is 122.
The Transportation index in Wauconda is 106.
The Utilities index in Wauconda is 90.
| Living Expense | Wauconda | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 110 | 97 | 100 | |
| Services | 106 | 95 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 110 | 93 | 100 | |
| Housing | 122 | 95 | 100 | |
| Transportation | 106 | 102 | 100 | |
| Utilities | 90 | 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 Wauconda is $333,342.
The Median Rent in Wauconda is $1,304.
The Median Income in Wauconda is $112,438.
The Home Value To Income in Wauconda is 3.0x.
The Rent To Monthly Income in Wauconda is 0.14x.
The cost of living varies in the cities and towns around Wauconda. 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 124, 1.1x Wauconda.
Buffalo Grove, IL has a cost of living index of 125, 1.1x Wauconda.
Northbrook, IL has a cost of living index of 153, 1.4x Wauconda.
| City | Population | Cost Of Living | Vs. Wauconda |
|---|---|---|---|
| Arlington Heights, IL | 76,220 | 124 | 1.1x |
| Buffalo Grove, IL | 42,824 | 125 | 1.1x |
| Northbrook, IL | 34,642 | 153 | 1.4x |
| Highland Park, IL | 30,229 | 148 | 1.3x |
| Lake Zurich, IL | 19,727 | 127 | 1.2x |
| Deerfield, IL | 19,185 | 148 | 1.3x |
| Round Lake, IL | 18,588 | 109 | 1.0x |
| Lindenhurst, IL | 14,365 | 114 | 1.0x |
| Hawthorn Woods, IL | 9,145 | 167 | 1.5x |
| Island Lake, IL | 8,023 | 111 | 1.0x |