Grayslake, IL Cost Of Living
Cost Of Living In Grayslake, IL Summary
Cost of living in Grayslake 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 Grayslake 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 Grayslake is 108, with 100 being the average.
The cost of living index in Grayslake is 1.1x higher than the national average.
Grayslake ranks as the #231 cheapest in Illinois out of 338.
Grayslake ranks as the #3,954 cheapest out of 6,412 in the US.
The median home value in Grayslake is $247,900.
The median income in Grayslake is $109,975.
Table Of Contents
Grayslake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Grayslake, IL?
According to the most recent data on the cost of living, Grayslake has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.
Compared to Illinois, Grayslake has a cost of living index that's 1.2x higher than Illinois's index of 92.
The standard of living in Grayslake ranks as #231 most affordable out of the 338 places we measured in Illinois. By definition, that implies Grayslake ranks as the #107 most expensive place in the Prairie State.
For more reading on life in Grayslake, check out:
- Living In Grayslake
- Grayslake Crime Report
- Search Homes For Sale In Grayslake, IL
In Illinois
In America
Grayslake Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Grayslake. Here is how it fairs on each of the criteria:
The Services index in Grayslake is 115.
The Groceries index in Grayslake is 108.
The Health index in Grayslake is 100.
The Housing index in Grayslake is 114.
The Transportation index in Grayslake is 116.
The Utilities index in Grayslake is 91.
| Living Expense | Grayslake | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 108 | 92 | 100 | |
| Services | 115 | 95 | 100 | |
| Groceries | 108 | 98 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 114 | 81 | 100 | |
| Transportation | 116 | 105 | 100 | |
| Utilities | 91 | 90 | 100 | |
Grayslake, 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 Grayslake is $247,900.
The Median Rent in Grayslake is $1,276.
The Median Income in Grayslake is $109,975.
The Home Value To Income in Grayslake is 2.3x.
The Rent To Monthly Income in Grayslake is 0.14x.
| Statistic | Grayslake | Illinois | United States |
|---|---|---|---|
| Median Home Value | $247,900 | $212,600 | $244,900 |
| Median Rent | $1,276 | $1,097 | $1,163 |
| Median Income | $109,975 | $72,563 | $69,021 |
| Home Value To Income | 2.3x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Grayslake, IL Costs By Category
Detailed Grayslake Services Costs Vs. Illinois
Detailed Grayslake Groceries Costs Vs. Illinois
Detailed Grayslake Health Costs Vs. Illinois
Detailed Grayslake Transportation Costs Vs. Illinois
Detailed Grayslake Utilities Costs Vs. Illinois
Grayslake SnackAbility
/10
Cost Of Living In Cities Around Grayslake
The cost of living varies in the cities and towns around Grayslake. 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, 1.2x Grayslake.
Buffalo Grove, IL has a cost of living index of 121, 1.1x Grayslake.
Northbrook, IL has a cost of living index of 156, 1.4x Grayslake.
| City | Population | Cost Of Living | Vs. Grayslake |
|---|---|---|---|
| Arlington Heights, IL | 77,283 | 125 | 1.2x |
| Buffalo Grove, IL | 43,062 | 121 | 1.1x |
| Northbrook, IL | 35,108 | 156 | 1.4x |
| Gurnee, IL | 30,826 | 117 | 1.1x |
| Highland Park, IL | 30,245 | 152 | 1.4x |
| Round Lake Beach, IL | 27,412 | 99 | 0.9x |
| Lake Zurich, IL | 19,807 | 125 | 1.2x |
| Deerfield, IL | 19,228 | 150 | 1.4x |
| Round Lake, IL | 18,720 | 108 | 1.0x |
| Lindenhurst, IL | 14,453 | 113 | 1.0x |
