Winnetka, IL Cost Of Living

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

Cost Of Living In Winnetka, IL Summary

Cost of living in Winnetka 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 Winnetka 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 Winnetka is 203, with 100 being the average.

  • The cost of living index in Winnetka is 2.0x higher than the national average.

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

  • Winnetka ranks as the #6,317 cheapest out of 6,412 in the US.

  • The median home value in Winnetka is $1,123,700.

  • The median income in Winnetka is $250,001.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
203
Winnetka's Overall Cost Of Living
2.0x
Higher Than The National Average

What is the cost of living in Winnetka, IL?

According to the most recent data on the cost of living, Winnetka has an overall cost of living index of 203, which is 2.0x higher than the national index of 100.

Compared to Illinois, Winnetka has a cost of living index that's 2.2x higher than Illinois's index of 92.

The standard of living in Winnetka ranks as #338 most affordable out of the 338 places we measured in Illinois. By definition, that implies Winnetka ranks as the #0 most expensive place in the Prairie State.

For more reading on life in Winnetka, check out:

338 out of 338
In Illinois
6,317 out of 6,412
In America

Winnetka Cost Of Living Vs. Illinois

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

  • The Services index in Winnetka is 115.

  • The Groceries index in Winnetka is 108.

  • The Health index in Winnetka is 99.

  • The Housing index in Winnetka is 427.

  • The Transportation index in Winnetka is 115.

  • The Utilities index in Winnetka is 92.

Living Expense Winnetka Illinois National Average
Overall 203 92 100
Services 115 95 100
Groceries 108 98 100
Health 99 96 100
Housing 427 81 100
Transportation 115 105 100
Utilities 92 90 100
For more reading on cost of living around Illinois, check out:
Winnetka Cost of Living Vs. IL

Winnetka, 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 Winnetka is $1,123,700.

  • The Median Rent in Winnetka is $1,649.

  • The Median Income in Winnetka is $250,001.

  • The Home Value To Income in Winnetka is 4.5x.

  • The Rent To Monthly Income in Winnetka is 0.08x.

Statistic Winnetka Illinois United States
Median Home Value $1,123,700 $212,600 $244,900
Median Rent $1,649 $1,097 $1,163
Median Income $250,001 $72,563 $69,021
Home Value To Income 4.5x 2.9x 3.5x
Rent To Monthly Income 0.08x 0.18x 0.2x
Search Homes For Sale In Winnetka, IL
$1,123,700
Median Home Value
$1,649
Median Rent
$250,001
Median Income

Winnetka, IL Costs By Category

Detailed Winnetka Services Costs Vs. Illinois

Item Winnetka 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 Winnetka Groceries Costs Vs. Illinois

Item Winnetka 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 Winnetka Health Costs Vs. Illinois

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

Detailed Winnetka Transportation Costs Vs. Illinois

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

Detailed Winnetka Utilities Costs Vs. Illinois

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

Winnetka SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
9.5
Affordability
8
Diversity
5
Safety
9.5
Amenities
9
Education
10
Commute
3

Cost Of Living In Cities Around Winnetka

The cost of living varies in the cities and towns around Winnetka. 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, 0.6x Winnetka.

  • Skokie, IL has a cost of living index of 120, 0.6x Winnetka.

  • Glenview, IL has a cost of living index of 147, 0.7x Winnetka.

City Population Cost Of Living Vs. Winnetka
Evanston, IL 78,454 128 0.6x
Skokie, IL 67,444 120 0.6x
Glenview, IL 48,150 147 0.7x
Elmhurst, IL 45,661 131 0.6x
Buffalo Grove, IL 43,062 121 0.6x
Park Ridge, IL 39,562 131 0.6x
Northbrook, IL 35,108 156 0.8x
Highland Park, IL 30,245 152 0.7x
Wilmette, IL 27,895 166 0.8x
Morton Grove, IL 25,004 124 0.6x

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