Hanover Park, IL, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Hanover Park stands at 96, which is 4% lower than the national average of 100. Housing and utilities in Hanover Park are 5% cheaper, while groceries and miscellaneous costs are slightly higher, at 5% and 2%, respectively. Transportation costs are notably lower, at 10% below the average. Healthcare costs remain on par with the national average.
Hanover Park, IL, presents a cost of living that is slightly below the nationwide average. The overall cost of living index for Hanover Park stands at 96, which is 4% lower than the national average of 100. This lower index suggests that residents in Hanover Park may find it easier to manage their expenses compared to the average American.
Housing costs in Hanover Park are notably lower, with an index of 95, which is 5% below the national average. This makes Hanover Park an attractive option for those looking to save on housing expenses. Groceries, however, are slightly higher, with an index of 105, indicating a 5% increase over the national average. Utilities also mirror the housing trend, with an index of 95, again 5% lower than the national average. Transportation costs are 10% lower, with an index of 90, offering savings for those who rely on personal vehicles. Healthcare costs remain on par with the national average at 100, while miscellaneous expenses are just 2% above the average, with an index of 102.
