Highwood, IL Cost Of Living
Cost Of Living In Highwood, IL Summary
Cost of living in Highwood 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 Highwood 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 Highwood is 127, with 100 being the average.
The cost of living index in Highwood is 1.3x higher than the national average.
Highwood ranks as the #305 cheapest in Illinois out of 338.
Highwood ranks as the #5,140 cheapest out of 6,412 in the US.
The median home value in Highwood is $369,700.
The median income in Highwood is $88,913.
Table Of Contents
Highwood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Highwood, IL?
According to the most recent data on the cost of living, Highwood has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Illinois, Highwood has a cost of living index that's 1.4x higher than Illinois's index of 92.
The standard of living in Highwood ranks as #305 most affordable out of the 338 places we measured in Illinois. By definition, that implies Highwood ranks as the #33 most expensive place in the Prairie State.
For more reading on life in Highwood, check out:
- Living In Highwood
- Highwood Crime Report
- Search Homes For Sale In Highwood, IL
In Illinois
In America
Highwood Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Highwood. Here is how it fairs on each of the criteria:
The Services index in Highwood is 113.
The Groceries index in Highwood is 108.
The Health index in Highwood is 98.
The Housing index in Highwood is 169.
The Transportation index in Highwood is 114.
The Utilities index in Highwood is 94.
| Living Expense | Highwood | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 127 | 92 | 100 | |
| Services | 113 | 95 | 100 | |
| Groceries | 108 | 98 | 100 | |
| Health | 98 | 96 | 100 | |
| Housing | 169 | 81 | 100 | |
| Transportation | 114 | 105 | 100 | |
| Utilities | 94 | 90 | 100 | |
Highwood, 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 Highwood is $369,700.
The Median Rent in Highwood is $1,544.
The Median Income in Highwood is $88,913.
The Home Value To Income in Highwood is 4.2x.
The Rent To Monthly Income in Highwood is 0.21x.
| Statistic | Highwood | Illinois | United States |
|---|---|---|---|
| Median Home Value | $369,700 | $212,600 | $244,900 |
| Median Rent | $1,544 | $1,097 | $1,163 |
| Median Income | $88,913 | $72,563 | $69,021 |
| Home Value To Income | 4.2x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Highwood, IL Costs By Category
Detailed Highwood Services Costs Vs. Illinois
Detailed Highwood Groceries Costs Vs. Illinois
Detailed Highwood Health Costs Vs. Illinois
Detailed Highwood Transportation Costs Vs. Illinois
Detailed Highwood Utilities Costs Vs. Illinois
Highwood SnackAbility
/10
Cost Of Living In Cities Around Highwood
The cost of living varies in the cities and towns around Highwood. 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 Highwood.
Glenview, IL has a cost of living index of 147, 1.2x Highwood.
Buffalo Grove, IL has a cost of living index of 121, 1.0x Highwood.
| City | Population | Cost Of Living | Vs. Highwood |
|---|---|---|---|
| Arlington Heights, IL | 77,283 | 125 | 1.0x |
| Glenview, IL | 48,150 | 147 | 1.2x |
| Buffalo Grove, IL | 43,062 | 121 | 1.0x |
| Park Ridge, IL | 39,562 | 131 | 1.0x |
| Northbrook, IL | 35,108 | 156 | 1.2x |
| Highland Park, IL | 30,245 | 152 | 1.2x |
| Wilmette, IL | 27,895 | 166 | 1.3x |
| Lake Zurich, IL | 19,807 | 125 | 1.0x |
| Lake Forest, IL | 19,450 | 187 | 1.5x |
| Deerfield, IL | 19,228 | 150 | 1.2x |
