Lincolnwood, IL, showcases a cost of living index that exceeds the nationwide average across several categories. Housing leads the way with a cost index of 135, indicating a 35% increase over the national average of 100. Groceries follow closely with a 10% rise, setting the index at 110. This elevated cost makes Lincolnwood a more expensive place to live compared to the national average.
Utilities in Lincolnwood are slightly below the average, with an index of 95, indicating a 5% decrease. Transportation costs also rise, with an index of 105, showing a modest 5% increase. Healthcare expenses are 15% higher, reflecting an index of 115. Miscellaneous costs, which include items like clothing and entertainment, stand at 120, marking a 20% increase over the national average. These figures reveal that Lincolnwood's overall cost of living is notably higher than the nationwide benchmark.
The cost of living in Lincolnwood, IL, exceeds the nationwide average in several key areas. Housing costs stand at 135 on the cost of living index, which is 35% higher than the national average. This significant increase reflects the higher prices for rental and ownership in the area compared to other parts of the country.
Groceries and healthcare costs also run above the average. Groceries are priced at 110 on the index, meaning they are 10% more expensive than the national average. Similarly, healthcare costs are 15% higher, with an index of 115. These elevated costs suggest that job seekers should budget more for essential needs if considering Lincolnwood. Despite these higher costs, transportation and utilities remain closer to the national average, providing some relief in other budget areas.
