Cost of living in Waukegan 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 Waukegan 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 Waukegan is 98, with 100 being the average.
The cost of living index in Waukegan is 1.0x lower than the national average.
Waukegan ranks as the #152 cheapest in Illinois out of 338.
Waukegan ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Waukegan is $146,900.
The median income in Waukegan is $58,844.
According to the most recent data on the cost of living, Waukegan has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Illinois, Waukegan has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Waukegan ranks as #152 most affordable out of the 338 places we measured in Illinois. By definition, that implies Waukegan ranks as the #186 most expensive place in the Prairie State.
For more reading on life in Waukegan, check out:
Six factors go into calculating the cost of living index in Waukegan. Here is how it fairs on each of the criteria:
The Services index in Waukegan is 112.
The Groceries index in Waukegan is 106.
The Health index in Waukegan is 99.
The Housing index in Waukegan is 75.
The Transportation index in Waukegan is 112.
The Utilities index in Waukegan is 91.
|Living Expense||Waukegan||Illinois||National Average|
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 Waukegan is $146,900.
The Median Rent in Waukegan is $1,023.
The Median Income in Waukegan is $58,844.
The Home Value To Income in Waukegan is 2.5x.
The Rent To Monthly Income in Waukegan is 0.21x.
|Median Home Value||$146,900||$212,600||$244,900|
|Home Value To Income||2.5x||2.9x||3.5x|
|Rent To Monthly Income||0.21x||0.18x||0.2x|
The cost of living varies in the cities and towns around Waukegan. 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, 1.3x Waukegan.
Glenview, IL has a cost of living index of 147, 1.5x Waukegan.
Buffalo Grove, IL has a cost of living index of 121, 1.2x Waukegan.
|City||Population||Cost Of Living||Vs. Waukegan|
|Arlington Heights, IL||77,283||125||1.3x|
|Buffalo Grove, IL||43,062||121||1.2x|
|North Chicago, IL||30,619||99||1.0x|
|Highland Park, IL||30,245||152||1.6x|
|Lake Zurich, IL||19,807||125||1.3x|
|Beach Park, IL||13,634||108||1.1x|