Loves Park, IL Cost Of Living
Cost Of Living In Loves Park, IL Summary
Cost of living in Loves 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 Loves 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 Loves Park is 86, with 100 being the average.
The cost of living index in Loves Park is 0.9x lower than the national average.
Loves Park ranks as the #61 cheapest in Illinois out of 338.
Loves Park ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Loves Park is $121,500.
The median income in Loves Park is $57,894.
Table Of Contents
Loves Park's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Loves Park, IL?
According to the most recent data on the cost of living, Loves Park has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Illinois, Loves Park has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Loves Park ranks as #61 most affordable out of the 338 places we measured in Illinois. By definition, that implies Loves Park ranks as the #277 most expensive place in the Prairie State.
For more reading on life in Loves Park, check out:
- Living In Loves Park
- Loves Park Crime Report
- Search Homes For Sale In Loves Park, IL
In Illinois
In America
Loves Park Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Loves Park. Here is how it fairs on each of the criteria:
The Services index in Loves Park is 98.
The Groceries index in Loves Park is 92.
The Health index in Loves Park is 107.
The Housing index in Loves Park is 70.
The Transportation index in Loves Park is 105.
The Utilities index in Loves Park is 88.
| Living Expense | Loves Park | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 86 | 92 | 100 | |
| Services | 98 | 95 | 100 | |
| Groceries | 92 | 98 | 100 | |
| Health | 107 | 96 | 100 | |
| Housing | 70 | 81 | 100 | |
| Transportation | 105 | 105 | 100 | |
| Utilities | 88 | 90 | 100 | |
Loves Park, 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 Loves Park is $121,500.
The Median Rent in Loves Park is $938.
The Median Income in Loves Park is $57,894.
The Home Value To Income in Loves Park is 2.1x.
The Rent To Monthly Income in Loves Park is 0.19x.
| Statistic | Loves Park | Illinois | United States |
|---|---|---|---|
| Median Home Value | $121,500 | $212,600 | $244,900 |
| Median Rent | $938 | $1,097 | $1,163 |
| Median Income | $57,894 | $72,563 | $69,021 |
| Home Value To Income | 2.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Loves Park, IL Costs By Category
Detailed Loves Park Services Costs Vs. Illinois
| Item | Loves Park | Illinois |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $11.76 | $10.68 |
| Bowling | $12.42 | $14.67 |
| Haircut | $15.8 | $18.62 |
| Beauty Salon | $32.1 | $39.05 |
Detailed Loves Park Groceries Costs Vs. Illinois
| Item | Loves Park | Illinois |
|---|---|---|
| Ground Beef | $3.88 | $4.22 |
| Fried Chicken | $1.49 | $1.39 |
| Milk | $1.57 | $2.05 |
| Potatoes | $3.35 | $3.29 |
| Pizza | $10.49 | $10.62 |
| Beer | $8.17 | $9.38 |
| Toothpaste | $2.31 | $2.34 |
Detailed Loves Park Health Costs Vs. Illinois
| Item | Loves Park | Illinois |
|---|---|---|
| Optometrist | $73.81 | $108.57 |
| Doctor | $162.33 | $116.17 |
| Dentist | $102.11 | $99.13 |
Detailed Loves Park Transportation Costs Vs. Illinois
| Item | Loves Park | Illinois |
|---|---|---|
| Gasoline | $2.39 | $2.22 |
| Tire Balancing | $50.79 | $50.07 |
Detailed Loves Park Utilities Costs Vs. Illinois
| Item | Loves Park | Illinois |
|---|---|---|
| All Electricity | $130.38 | $167.67 |
| Phone | $191.29 | $175.64 |
Loves Park SnackAbility
/10
Cost Of Living In Cities Around Loves Park
The cost of living varies in the cities and towns around Loves Park. Here's a quick look at the cost of living in the most populous nearby places:
Rockford, IL has a cost of living index of 86, 1.0x Loves Park.
Beloit, WI has a cost of living index of 85, 1.0x Loves Park.
Belvidere, IL has a cost of living index of 84, 1.0x Loves Park.
| City | Population | Cost Of Living | Vs. Loves Park |
|---|---|---|---|
| Rockford, IL | 148,942 | 86 | 1.0x |
| Beloit, WI | 36,567 | 85 | 1.0x |
| Belvidere, IL | 25,179 | 84 | 1.0x |
| Machesney Park, IL | 22,870 | 88 | 1.0x |
| Roscoe, IL | 11,092 | 97 | 1.1x |
| Rockton, IL | 8,051 | 94 | 1.1x |
| South Beloit, IL | 7,943 | 86 | 1.0x |
| Candlewick Lake, IL | 5,154 | 93 | 1.1x |
