Palos Heights, IL Cost Of Living

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

Cost Of Living In Palos Heights, IL Summary

Cost of living in Palos Heights 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 Palos Heights 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 Palos Heights is 124, with 100 being the average.

  • The cost of living index in Palos Heights is 1.2x higher than the national average.

  • Palos Heights ranks as the #298 cheapest in Illinois out of 338.

  • Palos Heights ranks as the #4,999 cheapest out of 6,412 in the US.

  • The median home value in Palos Heights is $306,600.

  • The median income in Palos Heights is $101,037.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
124
Palos Heights's Overall Cost Of Living
1.2x
Higher Than The National Average

What is the cost of living in Palos Heights, IL?

According to the most recent data on the cost of living, Palos Heights has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.

Compared to Illinois, Palos Heights has a cost of living index that's 1.3x higher than Illinois's index of 92.

The standard of living in Palos Heights ranks as #298 most affordable out of the 338 places we measured in Illinois. By definition, that implies Palos Heights ranks as the #40 most expensive place in the Prairie State.

For more reading on life in Palos Heights, check out:

298 out of 338
In Illinois
4,999 out of 6,412
In America

Palos Heights Cost Of Living Vs. Illinois

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

  • The Services index in Palos Heights is 115.

  • The Groceries index in Palos Heights is 108.

  • The Health index in Palos Heights is 100.

  • The Housing index in Palos Heights is 158.

  • The Transportation index in Palos Heights is 113.

  • The Utilities index in Palos Heights is 91.

Living Expense Palos Heights Illinois National Average
Overall 124 92 100
Services 115 95 100
Groceries 108 98 100
Health 100 96 100
Housing 158 81 100
Transportation 113 105 100
Utilities 91 90 100
For more reading on cost of living around Illinois, check out:
Palos Heights Cost of Living Vs. IL

Palos Heights, 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 Palos Heights is $306,600.

  • The Median Rent in Palos Heights is $1,350.

  • The Median Income in Palos Heights is $101,037.

  • The Home Value To Income in Palos Heights is 3.0x.

  • The Rent To Monthly Income in Palos Heights is 0.16x.

Statistic Palos Heights Illinois United States
Median Home Value $306,600 $212,600 $244,900
Median Rent $1,350 $1,097 $1,163
Median Income $101,037 $72,563 $69,021
Home Value To Income 3.0x 2.9x 3.5x
Rent To Monthly Income 0.16x 0.18x 0.2x
Search Homes For Sale In Palos Heights, IL
$306,600
Median Home Value
$1,350
Median Rent
$101,037
Median Income

Palos Heights, IL Costs By Category

Detailed Palos Heights Services Costs Vs. Illinois

Item Palos Heights 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 Palos Heights Groceries Costs Vs. Illinois

Item Palos Heights 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 Palos Heights Health Costs Vs. Illinois

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

Detailed Palos Heights Transportation Costs Vs. Illinois

Item Palos Heights Illinois
Gasoline $2.51 $2.22
Tire Balancing $56.85 $50.07

Detailed Palos Heights Utilities Costs Vs. Illinois

Item Palos Heights Illinois
All Electricity $131.89 $167.67
Phone $203.16 $175.64

Palos Heights SnackAbility

10
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8.5
Affordability
7
Diversity
6
Safety
9
Amenities
9
Education
9
Commute
5

Cost Of Living In Cities Around Palos Heights

The cost of living varies in the cities and towns around Palos Heights. 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, 1.0x Palos Heights.

  • Oak Lawn, IL has a cost of living index of 106, 0.9x Palos Heights.

  • Elmhurst, IL has a cost of living index of 131, 1.1x Palos Heights.

City Population Cost Of Living Vs. Palos Heights
Naperville, IL 149,013 125 1.0x
Oak Lawn, IL 58,032 106 0.9x
Elmhurst, IL 45,661 131 1.1x
Glen Ellyn, IL 28,506 132 1.1x
Oak Forest, IL 27,445 99 0.8x
Lisle, IL 23,982 117 0.9x
Darien, IL 22,087 111 0.9x
Alsip, IL 19,036 104 0.8x
Palos Hills, IL 18,379 105 0.8x
Hinsdale, IL 17,148 193 1.6x

Articles About Illinois

Enjoy The Snack?