Lincolnwood, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lincolnwood, IL Summary

Cost of living in Lincolnwood 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 Lincolnwood 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 Lincolnwood is 137, with 100 being the average.

  • The cost of living index in Lincolnwood is 1.4x higher than the national average.

  • Lincolnwood ranks as the #316 cheapest in Illinois out of 338.

  • Lincolnwood ranks as the #5,488 cheapest out of 6,412 in the US.

  • The median home value in Lincolnwood is $398,500.

  • The median income in Lincolnwood is $95,650.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
137
Lincolnwood's Overall Cost Of Living
1.4x
Higher Than The National Average

What is the cost of living in Lincolnwood, IL?

According to the most recent data on the cost of living, Lincolnwood has an overall cost of living index of 137, which is 1.4x higher than the national index of 100.

Compared to Illinois, Lincolnwood has a cost of living index that's 1.5x higher than Illinois's index of 92.

The standard of living in Lincolnwood ranks as #316 most affordable out of the 338 places we measured in Illinois. By definition, that implies Lincolnwood ranks as the #22 most expensive place in the Prairie State.

For more reading on life in Lincolnwood, check out:

316 out of 338
In Illinois
5,488 out of 6,412
In America

Lincolnwood Cost Of Living Vs. Illinois

Six factors go into calculating the cost of living index in Lincolnwood. Here is how it fairs on each of the criteria:

  • The Services index in Lincolnwood is 114.

  • The Groceries index in Lincolnwood is 107.

  • The Health index in Lincolnwood is 98.

  • The Housing index in Lincolnwood is 200.

  • The Transportation index in Lincolnwood is 112.

  • The Utilities index in Lincolnwood is 94.

Living Expense Lincolnwood Illinois National Average
Overall 137 92 100
Services 114 95 100
Groceries 107 98 100
Health 98 96 100
Housing 200 81 100
Transportation 112 105 100
Utilities 94 90 100
For more reading on cost of living around Illinois, check out:
Lincolnwood Cost of Living Vs. IL

Lincolnwood, 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 Lincolnwood is $398,500.

  • The Median Rent in Lincolnwood is $2,398.

  • The Median Income in Lincolnwood is $95,650.

  • The Home Value To Income in Lincolnwood is 4.2x.

  • The Rent To Monthly Income in Lincolnwood is 0.3x.

Statistic Lincolnwood Illinois United States
Median Home Value $398,500 $212,600 $244,900
Median Rent $2,398 $1,097 $1,163
Median Income $95,650 $72,563 $69,021
Home Value To Income 4.2x 2.9x 3.5x
Rent To Monthly Income 0.3x 0.18x 0.2x
Search Homes For Sale In Lincolnwood, IL
$398,500
Median Home Value
$2,398
Median Rent
$95,650
Median Income

Lincolnwood, IL Costs By Category

Detailed Lincolnwood Services Costs Vs. Illinois

Item Lincolnwood Illinois
Shampoo $1.06 $1.06
Movie $14.85 $10.68
Bowling $15.76 $14.67
Haircut $27.76 $18.62
Beauty Salon $65.57 $39.05

Detailed Lincolnwood Groceries Costs Vs. Illinois

Item Lincolnwood Illinois
Ground Beef $4.87 $4.22
Fried Chicken $1.99 $1.39
Milk $2.42 $2.05
Potatoes $3.23 $3.29
Pizza $12.0 $10.62
Beer $8.61 $9.38
Toothpaste $2.46 $2.34

Detailed Lincolnwood Health Costs Vs. Illinois

Item Lincolnwood Illinois
Optometrist $96.76 $108.57
Doctor $104.96 $116.17
Dentist $101.82 $99.13

Detailed Lincolnwood Transportation Costs Vs. Illinois

Item Lincolnwood Illinois
Gasoline $2.51 $2.22
Tire Balancing $56.85 $50.07

Detailed Lincolnwood Utilities Costs Vs. Illinois

Item Lincolnwood Illinois
All Electricity $131.89 $167.67
Phone $203.16 $175.64

Lincolnwood SnackAbility

9
/10
Overall SnackAbility
Jobs
8/10
Housing
9.5
Affordability
4
Diversity
9
Safety
9
Amenities
9
Education
8.5
Commute
5

Cost Of Living In Cities Around Lincolnwood

The cost of living varies in the cities and towns around Lincolnwood. Here's a quick look at the cost of living in the most populous nearby places:

  • Evanston, IL has a cost of living index of 128, 0.9x Lincolnwood.

  • Skokie, IL has a cost of living index of 120, 0.9x Lincolnwood.

  • Glenview, IL has a cost of living index of 147, 1.1x Lincolnwood.

City Population Cost Of Living Vs. Lincolnwood
Evanston, IL 78,454 128 0.9x
Skokie, IL 67,444 120 0.9x
Glenview, IL 48,150 147 1.1x
Elmhurst, IL 45,661 131 1.0x
Buffalo Grove, IL 43,062 121 0.9x
Park Ridge, IL 39,562 131 1.0x
Northbrook, IL 35,108 156 1.1x
Niles, IL 30,971 117 0.9x
Highland Park, IL 30,245 152 1.1x
Wilmette, IL 27,895 166 1.2x

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