Cost of living in Calumet Park 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 Calumet Park 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 Calumet Park is 96, with 100 being the average.
The cost of living index in Calumet Park is 1.0x lower than the national average.
Calumet Park ranks as the #134 cheapest in Illinois out of 338.
Calumet Park ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Calumet Park is $118,600.
The median income in Calumet Park is $52,696.
According to the most recent data on the cost of living, Calumet Park has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Illinois, Calumet Park has a cost of living index that's 1.0x higher than Illinois's index of 92.
The standard of living in Calumet Park ranks as #134 most affordable out of the 338 places we measured in Illinois. By definition, that implies Calumet Park ranks as the #204 most expensive place in the Prairie State.
For more reading on life in Calumet Park, check out:
Six factors go into calculating the cost of living index in Calumet Park. Here is how it fairs on each of the criteria:
The Services index in Calumet Park is 112.
The Groceries index in Calumet Park is 108.
The Health index in Calumet Park is 98.
The Housing index in Calumet Park is 69.
The Transportation index in Calumet Park is 116.
The Utilities index in Calumet Park is 94.
Living Expense | Calumet Park | Illinois | National Average | |
---|---|---|---|---|
Overall | 96 | 92 | 100 | |
Services | 112 | 95 | 100 | |
Groceries | 108 | 98 | 100 | |
Health | 98 | 96 | 100 | |
Housing | 69 | 81 | 100 | |
Transportation | 116 | 105 | 100 | |
Utilities | 94 | 90 | 100 |
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 Calumet Park is $118,600.
The Median Rent in Calumet Park is $983.
The Median Income in Calumet Park is $52,696.
The Home Value To Income in Calumet Park is 2.3x.
The Rent To Monthly Income in Calumet Park is 0.22x.
Statistic | Calumet Park | Illinois | United States |
---|---|---|---|
Median Home Value | $118,600 | $212,600 | $244,900 |
Median Rent | $983 | $1,097 | $1,163 |
Median Income | $52,696 | $72,563 | $69,021 |
Home Value To Income | 2.3x | 2.9x | 3.5x |
Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Item | Calumet Park | 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 |
Item | Calumet Park | 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 |
Item | Calumet Park | Illinois |
---|---|---|
Optometrist | $96.76 | $108.57 |
Doctor | $104.96 | $116.17 |
Dentist | $101.82 | $99.13 |
Item | Calumet Park | Illinois |
---|---|---|
Gasoline | $2.51 | $2.22 |
Tire Balancing | $56.85 | $50.07 |
Item | Calumet Park | Illinois |
---|---|---|
All Electricity | $131.89 | $167.67 |
Phone | $203.16 | $175.64 |
The cost of living varies in the cities and towns around Calumet Park. Here's a quick look at the cost of living in the most populous nearby places:
Tinley Park, IL has a cost of living index of 105, 1.1x Calumet Park.
Westmont, IL has a cost of living index of 120, 1.2x Calumet Park.
Blue Island, IL has a cost of living index of 96, 1.0x Calumet Park.
City | Population | Cost Of Living | Vs. Calumet Park |
---|---|---|---|
Tinley Park, IL | 55,988 | 105 | 1.1x |
Westmont, IL | 24,632 | 120 | 1.2x |
Blue Island, IL | 22,934 | 96 | 1.0x |
Darien, IL | 22,087 | 111 | 1.2x |
Dolton, IL | 21,588 | 99 | 1.0x |
Harvey, IL | 20,751 | 91 | 0.9x |
Alsip, IL | 19,036 | 104 | 1.1x |
Hinsdale, IL | 17,148 | 193 | 2.0x |
La Grange, IL | 16,220 | 137 | 1.4x |
Western Springs, IL | 13,550 | 153 | 1.6x |