Cary, IL Cost Of Living
Cost Of Living In Cary, IL Summary
Cost of living in Cary 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 Cary 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 Cary is 110, with 100 being the average.
The cost of living index in Cary is 1.1x higher than the national average.
Cary ranks as the #242 cheapest in Illinois out of 338.
Cary ranks as the #4,128 cheapest out of 6,412 in the US.
The median home value in Cary is $245,400.
The median income in Cary is $106,940.
Table Of Contents
Cary's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cary, IL?
According to the most recent data on the cost of living, Cary has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Illinois, Cary has a cost of living index that's 1.2x higher than Illinois's index of 92.
The standard of living in Cary ranks as #242 most affordable out of the 338 places we measured in Illinois. By definition, that implies Cary ranks as the #96 most expensive place in the Prairie State.
For more reading on life in Cary, check out:
- Living In Cary
- Cary Crime Report
- Search Homes For Sale In Cary, IL
In Illinois
In America
Cary Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Cary. Here is how it fairs on each of the criteria:
The Services index in Cary is 116.
The Groceries index in Cary is 106.
The Health index in Cary is 101.
The Housing index in Cary is 117.
The Transportation index in Cary is 115.
The Utilities index in Cary is 94.
| Living Expense | Cary | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 110 | 92 | 100 | |
| Services | 116 | 95 | 100 | |
| Groceries | 106 | 98 | 100 | |
| Health | 101 | 96 | 100 | |
| Housing | 117 | 81 | 100 | |
| Transportation | 115 | 105 | 100 | |
| Utilities | 94 | 90 | 100 | |
Cary, 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 Cary is $245,400.
The Median Rent in Cary is $1,391.
The Median Income in Cary is $106,940.
The Home Value To Income in Cary is 2.3x.
The Rent To Monthly Income in Cary is 0.16x.
| Statistic | Cary | Illinois | United States |
|---|---|---|---|
| Median Home Value | $245,400 | $212,600 | $244,900 |
| Median Rent | $1,391 | $1,097 | $1,163 |
| Median Income | $106,940 | $72,563 | $69,021 |
| Home Value To Income | 2.3x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Cary, IL Costs By Category
Detailed Cary Services Costs Vs. Illinois
Detailed Cary Groceries Costs Vs. Illinois
Detailed Cary Health Costs Vs. Illinois
Detailed Cary Transportation Costs Vs. Illinois
Detailed Cary Utilities Costs Vs. Illinois
Cary SnackAbility
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Cost Of Living In Cities Around Cary
The cost of living varies in the cities and towns around Cary. 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, 1.1x Cary.
Mount Prospect, IL has a cost of living index of 121, 1.1x Cary.
Buffalo Grove, IL has a cost of living index of 121, 1.1x Cary.
| City | Population | Cost Of Living | Vs. Cary |
|---|---|---|---|
| Arlington Heights, IL | 77,283 | 125 | 1.1x |
| Mount Prospect, IL | 56,510 | 121 | 1.1x |
| Buffalo Grove, IL | 43,062 | 121 | 1.1x |
| Bartlett, IL | 41,126 | 117 | 1.1x |
| Crystal Lake, IL | 40,082 | 103 | 0.9x |
| Algonquin, IL | 29,869 | 109 | 1.0x |
| Lake in the Hills, IL | 29,024 | 106 | 1.0x |
| Vernon Hills, IL | 26,723 | 126 | 1.1x |
| Libertyville, IL | 20,616 | 134 | 1.2x |
| Lake Zurich, IL | 19,807 | 125 | 1.1x |
