Palos Hills, IL Cost Of Living
Cost Of Living In Palos Hills, IL Summary
Cost of living in Palos Hills 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 Hills 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 Hills is 105, with 100 being the average.
The cost of living index in Palos Hills is 1.1x higher than the national average.
Palos Hills ranks as the #204 cheapest in Illinois out of 338.
Palos Hills ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Palos Hills is $206,100.
The median income in Palos Hills is $72,570.
Table Of Contents
Palos Hills's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Palos Hills, IL?
According to the most recent data on the cost of living, Palos Hills has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Illinois, Palos Hills has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Palos Hills ranks as #204 most affordable out of the 338 places we measured in Illinois. By definition, that implies Palos Hills ranks as the #134 most expensive place in the Prairie State.
For more reading on life in Palos Hills, check out:
- Living In Palos Hills
- Palos Hills Crime Report
- Search Homes For Sale In Palos Hills, IL
In Illinois
In America
Palos Hills Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Palos Hills. Here is how it fairs on each of the criteria:
The Services index in Palos Hills is 114.
The Groceries index in Palos Hills is 107.
The Health index in Palos Hills is 100.
The Housing index in Palos Hills is 105.
The Transportation index in Palos Hills is 115.
The Utilities index in Palos Hills is 91.
| Living Expense | Palos Hills | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 105 | 92 | 100 | |
| Services | 114 | 95 | 100 | |
| Groceries | 107 | 98 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 105 | 81 | 100 | |
| Transportation | 115 | 105 | 100 | |
| Utilities | 91 | 90 | 100 | |
Palos Hills, 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 Hills is $206,100.
The Median Rent in Palos Hills is $1,161.
The Median Income in Palos Hills is $72,570.
The Home Value To Income in Palos Hills is 2.8x.
The Rent To Monthly Income in Palos Hills is 0.19x.
| Statistic | Palos Hills | Illinois | United States |
|---|---|---|---|
| Median Home Value | $206,100 | $212,600 | $244,900 |
| Median Rent | $1,161 | $1,097 | $1,163 |
| Median Income | $72,570 | $72,563 | $69,021 |
| Home Value To Income | 2.8x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Palos Hills, IL Costs By Category
Detailed Palos Hills Services Costs Vs. Illinois
| Item | Palos Hills | 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 Hills Groceries Costs Vs. Illinois
| Item | Palos Hills | 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 Hills Health Costs Vs. Illinois
| Item | Palos Hills | Illinois |
|---|---|---|
| Optometrist | $96.76 | $108.57 |
| Doctor | $104.96 | $116.17 |
| Dentist | $101.82 | $99.13 |
Detailed Palos Hills Transportation Costs Vs. Illinois
| Item | Palos Hills | Illinois |
|---|---|---|
| Gasoline | $2.51 | $2.22 |
| Tire Balancing | $56.85 | $50.07 |
Detailed Palos Hills Utilities Costs Vs. Illinois
| Item | Palos Hills | Illinois |
|---|---|---|
| All Electricity | $131.89 | $167.67 |
| Phone | $203.16 | $175.64 |
Palos Hills SnackAbility
/10
Cost Of Living In Cities Around Palos Hills
The cost of living varies in the cities and towns around Palos Hills. 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, 1.2x Palos Hills.
Oak Lawn, IL has a cost of living index of 106, 1.0x Palos Hills.
Wheaton, IL has a cost of living index of 118, 1.1x Palos Hills.
| City | Population | Cost Of Living | Vs. Palos Hills |
|---|---|---|---|
| Naperville, IL | 149,013 | 125 | 1.2x |
| Oak Lawn, IL | 58,032 | 106 | 1.0x |
| Wheaton, IL | 53,762 | 118 | 1.1x |
| Elmhurst, IL | 45,661 | 131 | 1.2x |
| Burbank, IL | 29,312 | 106 | 1.0x |
| Glen Ellyn, IL | 28,506 | 132 | 1.3x |
| Lisle, IL | 23,982 | 117 | 1.1x |
| Darien, IL | 22,087 | 111 | 1.1x |
| Hinsdale, IL | 17,148 | 193 | 1.8x |
| Bridgeview, IL | 16,883 | 106 | 1.0x |
