Braidwood, IL Cost Of Living
Cost Of Living In Braidwood, IL Summary
Cost of living in Braidwood 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 Braidwood 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 Braidwood is 95, with 100 being the average.
The cost of living index in Braidwood is 0.9x lower than the national average.
Braidwood ranks as the #127 cheapest in Illinois out of 338.
Braidwood ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Braidwood is $178,400.
The median income in Braidwood is $69,992.
Table Of Contents
Braidwood's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Braidwood, IL?
According to the most recent data on the cost of living, Braidwood has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Illinois, Braidwood has a cost of living index that's 1.0x higher than Illinois's index of 92.
The standard of living in Braidwood ranks as #127 most affordable out of the 338 places we measured in Illinois. By definition, that implies Braidwood ranks as the #211 most expensive place in the Prairie State.
For more reading on life in Braidwood, check out:
- Living In Braidwood
- Braidwood Crime Report
- Search Homes For Sale In Braidwood, IL
In Illinois
In America
Braidwood Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Braidwood. Here is how it fairs on each of the criteria:
The Services index in Braidwood is 99.
The Groceries index in Braidwood is 94.
The Health index in Braidwood is 111.
The Housing index in Braidwood is 86.
The Transportation index in Braidwood is 110.
The Utilities index in Braidwood is 91.
| Living Expense | Braidwood | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 95 | 92 | 100 | |
| Services | 99 | 95 | 100 | |
| Groceries | 94 | 98 | 100 | |
| Health | 111 | 96 | 100 | |
| Housing | 86 | 81 | 100 | |
| Transportation | 110 | 105 | 100 | |
| Utilities | 91 | 90 | 100 | |
Braidwood, 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 Braidwood is $178,400.
The Median Rent in Braidwood is $1,123.
The Median Income in Braidwood is $69,992.
The Home Value To Income in Braidwood is 2.5x.
The Rent To Monthly Income in Braidwood is 0.19x.
| Statistic | Braidwood | Illinois | United States |
|---|---|---|---|
| Median Home Value | $178,400 | $212,600 | $244,900 |
| Median Rent | $1,123 | $1,097 | $1,163 |
| Median Income | $69,992 | $72,563 | $69,021 |
| Home Value To Income | 2.5x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Braidwood, IL Costs By Category
Detailed Braidwood Services Costs Vs. Illinois
Detailed Braidwood Groceries Costs Vs. Illinois
Detailed Braidwood Health Costs Vs. Illinois
Detailed Braidwood Transportation Costs Vs. Illinois
Detailed Braidwood Utilities Costs Vs. Illinois
Braidwood SnackAbility
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Cost Of Living In Cities Around Braidwood
The cost of living varies in the cities and towns around Braidwood. Here's a quick look at the cost of living in the most populous nearby places:
Joliet, IL has a cost of living index of 96, 1.0x Braidwood.
Bourbonnais, IL has a cost of living index of 95, 1.0x Braidwood.
Shorewood, IL has a cost of living index of 112, 1.2x Braidwood.
| City | Population | Cost Of Living | Vs. Braidwood |
|---|---|---|---|
| Joliet, IL | 150,323 | 96 | 1.0x |
| Bourbonnais, IL | 18,959 | 95 | 1.0x |
| Shorewood, IL | 17,947 | 112 | 1.2x |
| Morris, IL | 14,601 | 100 | 1.1x |
| Channahon, IL | 13,694 | 105 | 1.1x |
| Minooka, IL | 12,412 | 101 | 1.1x |
| Manhattan, IL | 9,366 | 103 | 1.1x |
| Manteno, IL | 8,893 | 99 | 1.0x |
