Bellwood, IL Cost Of Living
Cost Of Living In Bellwood, IL Summary
Cost of living in Bellwood research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bellwood is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bellwood is 99, with 100 being the average.
The cost of living index in Bellwood is 1.0x lower than the national average.
Bellwood ranks as the #163 cheapest in Illinois out of 338.
Bellwood ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Bellwood is $174,500.
The median income in Bellwood is $66,517.
Table Of Contents
Bellwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Bellwood, IL?
According to the most recent data on the cost of living, Bellwood has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Illinois, Bellwood has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Bellwood ranks as #163 most affordable out of the 338 places we measured in Illinois. By definition, that implies Bellwood ranks as the #175 most expensive place in the Prairie State.
For more reading on life in Bellwood, check out:
- Living In Bellwood
- Bellwood Crime Report
- Search Homes For Sale In Bellwood, IL
In Illinois
In America
Bellwood Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Bellwood. Here is how it fairs on each of the criteria:
The Services index in Bellwood is 112.
The Groceries index in Bellwood is 108.
The Health index in Bellwood is 98.
The Housing index in Bellwood is 79.
The Transportation index in Bellwood is 113.
The Utilities index in Bellwood is 95.
| Living Expense | Bellwood | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 99 | 92 | 100 | |
| Services | 112 | 95 | 100 | |
| Groceries | 108 | 98 | 100 | |
| Health | 98 | 96 | 100 | |
| Housing | 79 | 81 | 100 | |
| Transportation | 113 | 105 | 100 | |
| Utilities | 95 | 90 | 100 | |
Bellwood, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Bellwood is $174,500.
The Median Rent in Bellwood is $1,055.
The Median Income in Bellwood is $66,517.
The Home Value To Income in Bellwood is 2.6x.
The Rent To Monthly Income in Bellwood is 0.19x.
| Statistic | Bellwood | Illinois | United States |
|---|---|---|---|
| Median Home Value | $174,500 | $212,600 | $244,900 |
| Median Rent | $1,055 | $1,097 | $1,163 |
| Median Income | $66,517 | $72,563 | $69,021 |
| Home Value To Income | 2.6x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Bellwood, IL Costs By Category
Detailed Bellwood Services Costs Vs. Illinois
Detailed Bellwood Groceries Costs Vs. Illinois
Detailed Bellwood Health Costs Vs. Illinois
Detailed Bellwood Transportation Costs Vs. Illinois
Detailed Bellwood Utilities Costs Vs. Illinois
Bellwood SnackAbility
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Cost Of Living In Cities Around Bellwood
The cost of living varies in the cities and towns around Bellwood. Here's a quick look at the cost of living in the most populous nearby places:
Glenview, IL has a cost of living index of 147, 1.5x Bellwood.
Elmhurst, IL has a cost of living index of 131, 1.3x Bellwood.
Park Ridge, IL has a cost of living index of 131, 1.3x Bellwood.
| City | Population | Cost Of Living | Vs. Bellwood |
|---|---|---|---|
| Glenview, IL | 48,150 | 147 | 1.5x |
| Elmhurst, IL | 45,661 | 131 | 1.3x |
| Park Ridge, IL | 39,562 | 131 | 1.3x |
| Northbrook, IL | 35,108 | 156 | 1.6x |
| Glen Ellyn, IL | 28,506 | 132 | 1.3x |
| Wilmette, IL | 27,895 | 166 | 1.7x |
| Melrose Park, IL | 25,417 | 105 | 1.1x |
| Maywood, IL | 23,547 | 98 | 1.0x |
| Deerfield, IL | 19,228 | 150 | 1.5x |
| Hinsdale, IL | 17,148 | 193 | 1.9x |
