Palatine, IL Cost Of Living

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Updated: 2020-03-08
Palatine's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Palatine is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Palatine, IL?

According to the most recent data on the cost of living, Palatine has an overall cost of living index of 116 which is 1.2x higher than the national index of 100.

Compared to only Illinois, Palatine has a cost of living index that's 1.2x higher than Illinois's index of 98.

The standard of living in Palatine ranks as #4571 most affordable out of the 6522 places we measured in Illinois. By definition, that implies Palatine ranks as the #1835 most expensive place in the Prairie State.

For more reading on life in Palatine, check out:

Palatine Cost Of Living Vs. Illinois

Living Expense Palatine Illinois National Average
Overall 116 98 100
Services 109 98 100
Groceries 104 97 100
Health 100 100 100
Housing 137 95 100
Transportation 125 112 100
Utilities 93 97 100
For more reading on cost of living around Illinois, check out:
Palatine Cost of Living Vs. IL

Palatine, IL Housing Cost Breakdown

Housing swings affordability the most between places in Illinois, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Palatine Illinois United States
Median Home Value $278,500 $187,200 $204,900
Median Rent $1,202 $984 $1,023
Median Income $76,776 $63,575 $60,293
Home Value To Income 3.6x 2.9x 3.4x
Rent To Monthly Income 0.19x 0.19x 0.2x

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Cost Of Living In Cities Around Palatine

City Population Cost Of Living Vs. Palatine
Arlington Heights, IL 75,724 123 1.1x
Glenview, IL 47,333 145 1.2x
Elmhurst, IL 46,331 132 1.1x
Buffalo Grove, IL 41,329 123 1.1x
Park Ridge, IL 37,764 132 1.1x
Northbrook, IL 33,463 153 1.3x
Highland Park, IL 29,731 151 1.3x
Wilmette, IL 27,419 164 1.4x
Rolling Meadows, IL 23,229 112 1.0x
Lake Zurich, IL 19,970 123 1.1x

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