Itasca, IL Cost Of Living
Cost Of Living In Itasca, IL Summary
Cost of living in Itasca 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 Itasca 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 Itasca is 121, with 100 being the average.
The cost of living index in Itasca is 1.2x higher than the national average.
Itasca ranks as the #295 cheapest in Illinois out of 338.
Itasca ranks as the #4,857 cheapest out of 6,412 in the US.
The median home value in Itasca is $347,200.
The median income in Itasca is $109,146.
Table Of Contents
Itasca's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Itasca, IL?
According to the most recent data on the cost of living, Itasca has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to Illinois, Itasca has a cost of living index that's 1.3x higher than Illinois's index of 92.
The standard of living in Itasca ranks as #295 most affordable out of the 338 places we measured in Illinois. By definition, that implies Itasca ranks as the #43 most expensive place in the Prairie State.
For more reading on life in Itasca, check out:
- Living In Itasca
- Itasca Crime Report
- Search Homes For Sale In Itasca, IL
In Illinois
In America
Itasca Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Itasca. Here is how it fairs on each of the criteria:
The Services index in Itasca is 115.
The Groceries index in Itasca is 106.
The Health index in Itasca is 98.
The Housing index in Itasca is 148.
The Transportation index in Itasca is 114.
The Utilities index in Itasca is 92.
| Living Expense | Itasca | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 121 | 92 | 100 | |
| Services | 115 | 95 | 100 | |
| Groceries | 106 | 98 | 100 | |
| Health | 98 | 96 | 100 | |
| Housing | 148 | 81 | 100 | |
| Transportation | 114 | 105 | 100 | |
| Utilities | 92 | 90 | 100 | |
Itasca, 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 Itasca is $347,200.
The Median Rent in Itasca is $1,541.
The Median Income in Itasca is $109,146.
The Home Value To Income in Itasca is 3.2x.
The Rent To Monthly Income in Itasca is 0.17x.
| Statistic | Itasca | Illinois | United States |
|---|---|---|---|
| Median Home Value | $347,200 | $212,600 | $244,900 |
| Median Rent | $1,541 | $1,097 | $1,163 |
| Median Income | $109,146 | $72,563 | $69,021 |
| Home Value To Income | 3.2x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Itasca, IL Costs By Category
Detailed Itasca Services Costs Vs. Illinois
Detailed Itasca Groceries Costs Vs. Illinois
Detailed Itasca Health Costs Vs. Illinois
Detailed Itasca Transportation Costs Vs. Illinois
Detailed Itasca Utilities Costs Vs. Illinois
Itasca SnackAbility
/10
Cost Of Living In Cities Around Itasca
The cost of living varies in the cities and towns around Itasca. Here's a quick look at the cost of living in the most populous nearby places:
Schaumburg, IL has a cost of living index of 117, 1.0x Itasca.
Glenview, IL has a cost of living index of 147, 1.2x Itasca.
Elmhurst, IL has a cost of living index of 131, 1.1x Itasca.
| City | Population | Cost Of Living | Vs. Itasca |
|---|---|---|---|
| Schaumburg, IL | 78,053 | 117 | 1.0x |
| Glenview, IL | 48,150 | 147 | 1.2x |
| Elmhurst, IL | 45,661 | 131 | 1.1x |
| Buffalo Grove, IL | 43,062 | 121 | 1.0x |
| Park Ridge, IL | 39,562 | 131 | 1.1x |
| Hanover Park, IL | 37,545 | 107 | 0.9x |
| Addison, IL | 35,999 | 111 | 0.9x |
| Northbrook, IL | 35,108 | 156 | 1.3x |
| Glendale Heights, IL | 33,443 | 106 | 0.9x |
| Highland Park, IL | 30,245 | 152 | 1.3x |
