Crestwood, IL Cost Of Living
Cost Of Living In Crestwood, IL Summary
Cost of living in Crestwood 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 Crestwood 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 Crestwood is 97, with 100 being the average.
The cost of living index in Crestwood is 1.0x lower than the national average.
Crestwood ranks as the #142 cheapest in Illinois out of 338.
Crestwood ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Crestwood is $165,200.
The median income in Crestwood is $65,074.
Table Of Contents
Crestwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Crestwood, IL?
According to the most recent data on the cost of living, Crestwood has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Illinois, Crestwood has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Crestwood ranks as #142 most affordable out of the 338 places we measured in Illinois. By definition, that implies Crestwood ranks as the #196 most expensive place in the Prairie State.
For more reading on life in Crestwood, check out:
- Living In Crestwood
- Search Homes For Sale In Crestwood, IL
In Illinois
In America
Crestwood Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Crestwood. Here is how it fairs on each of the criteria:
The Services index in Crestwood is 115.
The Groceries index in Crestwood is 106.
The Health index in Crestwood is 100.
The Housing index in Crestwood is 77.
The Transportation index in Crestwood is 113.
The Utilities index in Crestwood is 91.
| Living Expense | Crestwood | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 97 | 92 | 100 | |
| Services | 115 | 95 | 100 | |
| Groceries | 106 | 98 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 77 | 81 | 100 | |
| Transportation | 113 | 105 | 100 | |
| Utilities | 91 | 90 | 100 | |
Crestwood, 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 Crestwood is $165,200.
The Median Rent in Crestwood is $1,094.
The Median Income in Crestwood is $65,074.
The Home Value To Income in Crestwood is 2.5x.
The Rent To Monthly Income in Crestwood is 0.2x.
| Statistic | Crestwood | Illinois | United States |
|---|---|---|---|
| Median Home Value | $165,200 | $212,600 | $244,900 |
| Median Rent | $1,094 | $1,097 | $1,163 |
| Median Income | $65,074 | $72,563 | $69,021 |
| Home Value To Income | 2.5x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Crestwood, IL Costs By Category
Detailed Crestwood Services Costs Vs. Illinois
Detailed Crestwood Groceries Costs Vs. Illinois
Detailed Crestwood Health Costs Vs. Illinois
Detailed Crestwood Transportation Costs Vs. Illinois
Detailed Crestwood Utilities Costs Vs. Illinois
Crestwood SnackAbility
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Cost Of Living In Cities Around Crestwood
The cost of living varies in the cities and towns around Crestwood. Here's a quick look at the cost of living in the most populous nearby places:
Tinley Park, IL has a cost of living index of 105, 1.1x Crestwood.
Downers Grove, IL has a cost of living index of 120, 1.2x Crestwood.
Oak Forest, IL has a cost of living index of 99, 1.0x Crestwood.
| City | Population | Cost Of Living | Vs. Crestwood |
|---|---|---|---|
| Tinley Park, IL | 55,988 | 105 | 1.1x |
| Downers Grove, IL | 50,209 | 120 | 1.2x |
| Oak Forest, IL | 27,445 | 99 | 1.0x |
| Westmont, IL | 24,632 | 120 | 1.2x |
| Blue Island, IL | 22,934 | 96 | 1.0x |
| Darien, IL | 22,087 | 111 | 1.1x |
| Alsip, IL | 19,036 | 104 | 1.1x |
| Hinsdale, IL | 17,148 | 193 | 2.0x |
| La Grange, IL | 16,220 | 137 | 1.4x |
| Midlothian, IL | 14,330 | 102 | 1.1x |
