Wheeling, IL Cost Of Living
Cost Of Living In Wheeling, IL Summary
Cost of living in Wheeling 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 Wheeling 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 Wheeling is 108, with 100 being the average.
The cost of living index in Wheeling is 1.1x higher than the national average.
Wheeling ranks as the #231 cheapest in Illinois out of 338.
Wheeling ranks as the #3,954 cheapest out of 6,412 in the US.
The median home value in Wheeling is $213,500.
The median income in Wheeling is $74,331.
Table Of Contents
Wheeling's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Wheeling, IL?
According to the most recent data on the cost of living, Wheeling has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.
Compared to Illinois, Wheeling has a cost of living index that's 1.2x higher than Illinois's index of 92.
The standard of living in Wheeling ranks as #231 most affordable out of the 338 places we measured in Illinois. By definition, that implies Wheeling ranks as the #107 most expensive place in the Prairie State.
For more reading on life in Wheeling, check out:
- Living In Wheeling
- Wheeling Crime Report
- Search Homes For Sale In Wheeling, IL
In Illinois
In America
Wheeling Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Wheeling. Here is how it fairs on each of the criteria:
The Services index in Wheeling is 112.
The Groceries index in Wheeling is 107.
The Health index in Wheeling is 97.
The Housing index in Wheeling is 102.
The Transportation index in Wheeling is 116.
The Utilities index in Wheeling is 94.
| Living Expense | Wheeling | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 108 | 92 | 100 | |
| Services | 112 | 95 | 100 | |
| Groceries | 107 | 98 | 100 | |
| Health | 97 | 96 | 100 | |
| Housing | 102 | 81 | 100 | |
| Transportation | 116 | 105 | 100 | |
| Utilities | 94 | 90 | 100 | |
Wheeling, 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 Wheeling is $213,500.
The Median Rent in Wheeling is $1,349.
The Median Income in Wheeling is $74,331.
The Home Value To Income in Wheeling is 2.9x.
The Rent To Monthly Income in Wheeling is 0.22x.
| Statistic | Wheeling | Illinois | United States |
|---|---|---|---|
| Median Home Value | $213,500 | $212,600 | $244,900 |
| Median Rent | $1,349 | $1,097 | $1,163 |
| Median Income | $74,331 | $72,563 | $69,021 |
| Home Value To Income | 2.9x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Wheeling, IL Costs By Category
Detailed Wheeling Services Costs Vs. Illinois
Detailed Wheeling Groceries Costs Vs. Illinois
Detailed Wheeling Health Costs Vs. Illinois
Detailed Wheeling Transportation Costs Vs. Illinois
Detailed Wheeling Utilities Costs Vs. Illinois
Wheeling SnackAbility
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Cost Of Living In Cities Around Wheeling
The cost of living varies in the cities and towns around Wheeling. 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, 1.2x Wheeling.
Mount Prospect, IL has a cost of living index of 121, 1.1x Wheeling.
Glenview, IL has a cost of living index of 147, 1.4x Wheeling.
| City | Population | Cost Of Living | Vs. Wheeling |
|---|---|---|---|
| Arlington Heights, IL | 77,283 | 125 | 1.2x |
| Mount Prospect, IL | 56,510 | 121 | 1.1x |
| Glenview, IL | 48,150 | 147 | 1.4x |
| Elmhurst, IL | 45,661 | 131 | 1.2x |
| Buffalo Grove, IL | 43,062 | 121 | 1.1x |
| Park Ridge, IL | 39,562 | 131 | 1.2x |
| Northbrook, IL | 35,108 | 156 | 1.4x |
| Highland Park, IL | 30,245 | 152 | 1.4x |
| Glen Ellyn, IL | 28,506 | 132 | 1.2x |
| Wilmette, IL | 27,895 | 166 | 1.5x |
