Hanover Park, IL, shows a cost of living index slightly below the nationwide average. Housing costs are 2% less than the average, while groceries are nearly on par at 3% less. Utilities and transportation costs are slightly higher, standing at 1% and 2% more, respectively. Healthcare costs are 5% below average, and miscellaneous expenses are almost equal at 1% less. This data suggests that Hanover Park offers a cost-effective living environment, especially in housing and groceries.
Hanover Park, IL, presents a cost of living that aligns closely with the nationwide average, with an overall index of 98. This places it slightly below the benchmark of 100, which represents the national average. Housing costs in Hanover Park are notably economical, standing at 98, which means residents spend nearly the same amount as the average American. Groceries also mirror the national average, with an index of 97, indicating that everyday food shopping costs only marginally less than in other parts of the country.
Utilities in Hanover Park are slightly above the national average, with an index of 101. This means residents spend just 1% more on utilities than the average American. Transportation costs are slightly higher as well, with an index of 102, which means residents spend 2% more on transportation. Healthcare costs, however, are below average, with an index of 95, suggesting residents can save 5% on healthcare expenses. Miscellaneous costs are nearly equivalent to the national average, with an index of 99, meaning there is little to no difference in spending on other goods and services. Overall, Hanover Park offers a cost of living that is generally favorable for those looking to balance affordability with accessibility.
