Hinsdale, IL Cost Of Living
Cost Of Living In Hinsdale, IL Summary
Cost of living in Hinsdale 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 Hinsdale 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 Hinsdale is 193, with 100 being the average.
The cost of living index in Hinsdale is 1.9x higher than the national average.
Hinsdale ranks as the #337 cheapest in Illinois out of 338.
Hinsdale ranks as the #6,290 cheapest out of 6,412 in the US.
The median home value in Hinsdale is $880,100.
The median income in Hinsdale is $224,185.
Table Of Contents
Hinsdale's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hinsdale, IL?
According to the most recent data on the cost of living, Hinsdale has an overall cost of living index of 193, which is 1.9x higher than the national index of 100.
Compared to Illinois, Hinsdale has a cost of living index that's 2.1x higher than Illinois's index of 92.
The standard of living in Hinsdale ranks as #337 most affordable out of the 338 places we measured in Illinois. By definition, that implies Hinsdale ranks as the #1 most expensive place in the Prairie State.
For more reading on life in Hinsdale, check out:
- Living In Hinsdale
- Hinsdale Crime Report
- Search Homes For Sale In Hinsdale, IL
In Illinois
In America
Hinsdale Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Hinsdale. Here is how it fairs on each of the criteria:
The Services index in Hinsdale is 114.
The Groceries index in Hinsdale is 109.
The Health index in Hinsdale is 99.
The Housing index in Hinsdale is 381.
The Transportation index in Hinsdale is 115.
The Utilities index in Hinsdale is 92.
| Living Expense | Hinsdale | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 193 | 92 | 100 | |
| Services | 114 | 95 | 100 | |
| Groceries | 109 | 98 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 381 | 81 | 100 | |
| Transportation | 115 | 105 | 100 | |
| Utilities | 92 | 90 | 100 | |
Hinsdale, 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 Hinsdale is $880,100.
The Median Rent in Hinsdale is $1,831.
The Median Income in Hinsdale is $224,185.
The Home Value To Income in Hinsdale is 3.9x.
The Rent To Monthly Income in Hinsdale is 0.1x.
| Statistic | Hinsdale | Illinois | United States |
|---|---|---|---|
| Median Home Value | $880,100 | $212,600 | $244,900 |
| Median Rent | $1,831 | $1,097 | $1,163 |
| Median Income | $224,185 | $72,563 | $69,021 |
| Home Value To Income | 3.9x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.1x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Hinsdale, IL Costs By Category
Detailed Hinsdale Services Costs Vs. Illinois
Detailed Hinsdale Groceries Costs Vs. Illinois
Detailed Hinsdale Health Costs Vs. Illinois
Detailed Hinsdale Transportation Costs Vs. Illinois
Detailed Hinsdale Utilities Costs Vs. Illinois
Hinsdale SnackAbility
/10
Cost Of Living In Cities Around Hinsdale
The cost of living varies in the cities and towns around Hinsdale. Here's a quick look at the cost of living in the most populous nearby places:
Naperville, IL has a cost of living index of 125, 0.6x Hinsdale.
Mount Prospect, IL has a cost of living index of 121, 0.6x Hinsdale.
Wheaton, IL has a cost of living index of 118, 0.6x Hinsdale.
| City | Population | Cost Of Living | Vs. Hinsdale |
|---|---|---|---|
| Naperville, IL | 149,013 | 125 | 0.6x |
| Mount Prospect, IL | 56,510 | 121 | 0.6x |
| Wheaton, IL | 53,762 | 118 | 0.6x |
| Elmhurst, IL | 45,661 | 131 | 0.7x |
| Park Ridge, IL | 39,562 | 131 | 0.7x |
| Glen Ellyn, IL | 28,506 | 132 | 0.7x |
| Westmont, IL | 24,632 | 120 | 0.6x |
| Darien, IL | 22,087 | 111 | 0.6x |
| La Grange, IL | 16,220 | 137 | 0.7x |
| Western Springs, IL | 13,550 | 153 | 0.8x |
