Streamwood, IL, offers a cost of living that is slightly lower than the nationwide average. The cost of living index for Streamwood stands at 98, which is 2% below the national average of 100. This means that, on average, residents can expect to spend less on most goods and services compared to the rest of the country.
Specifically, housing costs in Streamwood are 5% below the national average, while groceries and healthcare costs are only slightly below average at 3% and 2%, respectively. Utilities and miscellaneous costs are about the same as the national average, and transportation costs are slightly higher at 3%. This balanced distribution makes Streamwood an attractive option for those seeking a more affordable lifestyle without significant trade-offs.
Streamwood, IL, offers a relatively affordable cost of living compared to the nationwide average. The housing index in Streamwood stands at 95, which is 5% lower than the national average of 100. This suggests that housing costs in Streamwood are more budget-friendly for residents. Similarly, groceries in Streamwood have an index of 97, which is 3% below the average, making everyday food purchases slightly cheaper.
Utilities in Streamwood match the national average, with an index of 100, indicating no difference in cost. Transportation costs, however, are slightly higher, with an index of 103, which is 3% above the average. This means residents might spend a bit more on commuting and other transportation needs. Healthcare costs in Streamwood are also slightly lower, with an index of 98, which is 2% below the average. Miscellaneous expenses are nearly on par with the average, at an index of 99, showing minimal variation. Overall, Streamwood provides a cost-effective living environment with some areas offering savings and others requiring slightly more budget.
