Hanover Park, IL, shows a cost of living index that is slightly above the nationwide average. The overall index stands at 100.2, indicating that living expenses in Hanover Park are about 0.2% higher than the national average. Housing costs lead the way with a 5% increase, while groceries and utilities remain close to the average. This data suggests that job seekers should consider these factors when planning their budget in Hanover Park.
Hanover Park, IL, presents a cost of living that is slightly above the nationwide average. The housing index stands at 105, indicating that housing costs are 5% higher than the national average. This means that residents of Hanover Park can expect to pay more for rent or mortgage payments compared to the average American.
Other expenses in Hanover Park also show minor variations from the national average. For instance, groceries cost 98% of the national average, which is a slight decrease. Utilities, however, are at 97%, meaning they are 3% cheaper than the national average. Transportation costs are slightly higher, at 102%, which is 2% above the national average. Healthcare costs remain at par with the national average, while miscellaneous expenses are at 99%, indicating a minimal difference. Overall, Hanover Park offers a balanced cost of living with some areas slightly higher and others slightly lower than the national average.
