Buffalo Grove, IL Cost Of Living
Cost Of Living In Buffalo Grove, IL Summary
Cost of living in Buffalo Grove 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 Buffalo Grove 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 Buffalo Grove is 121, with 100 being the average.
The cost of living index in Buffalo Grove is 1.2x higher than the national average.
Buffalo Grove ranks as the #295 cheapest in Illinois out of 338.
Buffalo Grove ranks as the #4,857 cheapest out of 6,412 in the US.
The median home value in Buffalo Grove is $341,400.
The median income in Buffalo Grove is $121,212.
Table Of Contents
Buffalo Grove's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Buffalo Grove, IL?
According to the most recent data on the cost of living, Buffalo Grove has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to Illinois, Buffalo Grove has a cost of living index that's 1.3x higher than Illinois's index of 92.
The standard of living in Buffalo Grove ranks as #295 most affordable out of the 338 places we measured in Illinois. By definition, that implies Buffalo Grove ranks as the #43 most expensive place in the Prairie State.
For more reading on life in Buffalo Grove, check out:
- Living In Buffalo Grove
- Buffalo Grove Crime Report
- Search Homes For Sale In Buffalo Grove, IL
In Illinois
In America
Buffalo Grove Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Buffalo Grove. Here is how it fairs on each of the criteria:
The Services index in Buffalo Grove is 113.
The Groceries index in Buffalo Grove is 109.
The Health index in Buffalo Grove is 97.
The Housing index in Buffalo Grove is 157.
The Transportation index in Buffalo Grove is 115.
The Utilities index in Buffalo Grove is 94.
| Living Expense | Buffalo Grove | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 121 | 92 | 100 | |
| Services | 113 | 95 | 100 | |
| Groceries | 109 | 98 | 100 | |
| Health | 97 | 96 | 100 | |
| Housing | 157 | 81 | 100 | |
| Transportation | 115 | 105 | 100 | |
| Utilities | 94 | 90 | 100 | |
Buffalo Grove, 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 Buffalo Grove is $341,400.
The Median Rent in Buffalo Grove is $1,800.
The Median Income in Buffalo Grove is $121,212.
The Home Value To Income in Buffalo Grove is 2.8x.
The Rent To Monthly Income in Buffalo Grove is 0.18x.
| Statistic | Buffalo Grove | Illinois | United States |
|---|---|---|---|
| Median Home Value | $341,400 | $212,600 | $244,900 |
| Median Rent | $1,800 | $1,097 | $1,163 |
| Median Income | $121,212 | $72,563 | $69,021 |
| Home Value To Income | 2.8x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Buffalo Grove, IL Costs By Category
Detailed Buffalo Grove Services Costs Vs. Illinois
| Item | Buffalo Grove | Illinois |
|---|---|---|
| Shampoo | $1.06 | $1.06 |
| Movie | $14.85 | $10.68 |
| Bowling | $15.76 | $14.67 |
| Haircut | $27.76 | $18.62 |
| Beauty Salon | $65.57 | $39.05 |
Detailed Buffalo Grove Groceries Costs Vs. Illinois
| Item | Buffalo Grove | Illinois |
|---|---|---|
| Ground Beef | $4.87 | $4.22 |
| Fried Chicken | $1.99 | $1.39 |
| Milk | $2.42 | $2.05 |
| Potatoes | $3.23 | $3.29 |
| Pizza | $12.0 | $10.62 |
| Beer | $8.61 | $9.38 |
| Toothpaste | $2.46 | $2.34 |
Detailed Buffalo Grove Health Costs Vs. Illinois
| Item | Buffalo Grove | Illinois |
|---|---|---|
| Optometrist | $96.76 | $108.57 |
| Doctor | $104.96 | $116.17 |
| Dentist | $101.82 | $99.13 |
Detailed Buffalo Grove Transportation Costs Vs. Illinois
| Item | Buffalo Grove | Illinois |
|---|---|---|
| Gasoline | $2.51 | $2.22 |
| Tire Balancing | $56.85 | $50.07 |
Detailed Buffalo Grove Utilities Costs Vs. Illinois
| Item | Buffalo Grove | Illinois |
|---|---|---|
| All Electricity | $131.89 | $167.67 |
| Phone | $203.16 | $175.64 |
Buffalo Grove SnackAbility
/10
Cost Of Living In Cities Around Buffalo Grove
The cost of living varies in the cities and towns around Buffalo Grove. Here's a quick look at the cost of living in the most populous nearby places:
Arlington Heights, IL has a cost of living index of 125, 1.0x Buffalo Grove.
Glenview, IL has a cost of living index of 147, 1.2x Buffalo Grove.
Elmhurst, IL has a cost of living index of 131, 1.1x Buffalo Grove.
| City | Population | Cost Of Living | Vs. Buffalo Grove |
|---|---|---|---|
| Arlington Heights, IL | 77,283 | 125 | 1.0x |
| Glenview, IL | 48,150 | 147 | 1.2x |
| Elmhurst, IL | 45,661 | 131 | 1.1x |
| Park Ridge, IL | 39,562 | 131 | 1.1x |
| Wheeling, IL | 39,104 | 108 | 0.9x |
| Northbrook, IL | 35,108 | 156 | 1.3x |
| Highland Park, IL | 30,245 | 152 | 1.3x |
| Wilmette, IL | 27,895 | 166 | 1.4x |
| Vernon Hills, IL | 26,723 | 126 | 1.0x |
| Lake Zurich, IL | 19,807 | 125 | 1.0x |
