Lemont, IL Cost Of Living
Cost Of Living In Lemont, IL Summary
Cost of living in Lemont 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 Lemont 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 Lemont is 118, with 100 being the average.
The cost of living index in Lemont is 1.2x higher than the national average.
Lemont ranks as the #287 cheapest in Illinois out of 338.
Lemont ranks as the #4,687 cheapest out of 6,412 in the US.
The median home value in Lemont is $389,000.
The median income in Lemont is $119,750.
Table Of Contents
Lemont's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lemont, IL?
According to the most recent data on the cost of living, Lemont has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to Illinois, Lemont has a cost of living index that's 1.3x higher than Illinois's index of 92.
The standard of living in Lemont ranks as #287 most affordable out of the 338 places we measured in Illinois. By definition, that implies Lemont ranks as the #51 most expensive place in the Prairie State.
For more reading on life in Lemont, check out:
- Living In Lemont
- Lemont Crime Report
- Search Homes For Sale In Lemont, IL
In Illinois
In America
Lemont Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Lemont. Here is how it fairs on each of the criteria:
The Services index in Lemont is 97.
The Groceries index in Lemont is 96.
The Health index in Lemont is 111.
The Housing index in Lemont is 156.
The Transportation index in Lemont is 111.
The Utilities index in Lemont is 87.
| Living Expense | Lemont | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 118 | 92 | 100 | |
| Services | 97 | 95 | 100 | |
| Groceries | 96 | 98 | 100 | |
| Health | 111 | 96 | 100 | |
| Housing | 156 | 81 | 100 | |
| Transportation | 111 | 105 | 100 | |
| Utilities | 87 | 90 | 100 | |
Lemont, 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 Lemont is $389,000.
The Median Rent in Lemont is $1,184.
The Median Income in Lemont is $119,750.
The Home Value To Income in Lemont is 3.2x.
The Rent To Monthly Income in Lemont is 0.12x.
| Statistic | Lemont | Illinois | United States |
|---|---|---|---|
| Median Home Value | $389,000 | $212,600 | $244,900 |
| Median Rent | $1,184 | $1,097 | $1,163 |
| Median Income | $119,750 | $72,563 | $69,021 |
| Home Value To Income | 3.2x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Lemont, IL Costs By Category
Detailed Lemont Services Costs Vs. Illinois
Detailed Lemont Groceries Costs Vs. Illinois
Detailed Lemont Health Costs Vs. Illinois
Detailed Lemont Transportation Costs Vs. Illinois
Detailed Lemont Utilities Costs Vs. Illinois
Lemont SnackAbility
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Cost Of Living In Cities Around Lemont
The cost of living varies in the cities and towns around Lemont. Here's a quick look at the cost of living in the most populous nearby places:
Naperville, IL has a cost of living index of 125, 1.1x Lemont.
Bolingbrook, IL has a cost of living index of 103, 0.9x Lemont.
Orland Park, IL has a cost of living index of 112, 0.9x Lemont.
| City | Population | Cost Of Living | Vs. Lemont |
|---|---|---|---|
| Naperville, IL | 149,013 | 125 | 1.1x |
| Bolingbrook, IL | 73,807 | 103 | 0.9x |
| Orland Park, IL | 58,622 | 112 | 0.9x |
| Wheaton, IL | 53,762 | 118 | 1.0x |
| Elmhurst, IL | 45,661 | 131 | 1.1x |
| Romeoville, IL | 40,099 | 103 | 0.9x |
| Woodridge, IL | 34,161 | 110 | 0.9x |
| Glen Ellyn, IL | 28,506 | 132 | 1.1x |
| Lockport, IL | 26,070 | 104 | 0.9x |
| Homer Glen, IL | 24,664 | 120 | 1.0x |
