Lynwood, IL Cost Of Living
Cost Of Living In Lynwood, IL Summary
Cost of living in Lynwood 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 Lynwood 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 Lynwood is 101, with 100 being the average.
The cost of living index in Lynwood is 1.0x higher than the national average.
Lynwood ranks as the #174 cheapest in Illinois out of 338.
Lynwood ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Lynwood is $160,200.
The median income in Lynwood is $90,185.
Table Of Contents
Lynwood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lynwood, IL?
According to the most recent data on the cost of living, Lynwood has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Illinois, Lynwood has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Lynwood ranks as #174 most affordable out of the 338 places we measured in Illinois. By definition, that implies Lynwood ranks as the #164 most expensive place in the Prairie State.
For more reading on life in Lynwood, check out:
- Living In Lynwood
- Search Homes For Sale In Lynwood, IL
In Illinois
In America
Lynwood Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Lynwood. Here is how it fairs on each of the criteria:
The Services index in Lynwood is 115.
The Groceries index in Lynwood is 108.
The Health index in Lynwood is 98.
The Housing index in Lynwood is 88.
The Transportation index in Lynwood is 115.
The Utilities index in Lynwood is 95.
| Living Expense | Lynwood | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 101 | 92 | 100 | |
| Services | 115 | 95 | 100 | |
| Groceries | 108 | 98 | 100 | |
| Health | 98 | 96 | 100 | |
| Housing | 88 | 81 | 100 | |
| Transportation | 115 | 105 | 100 | |
| Utilities | 95 | 90 | 100 | |
Lynwood, 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 Lynwood is $160,200.
The Median Rent in Lynwood is $964.
The Median Income in Lynwood is $90,185.
The Home Value To Income in Lynwood is 1.8x.
The Rent To Monthly Income in Lynwood is 0.13x.
| Statistic | Lynwood | Illinois | United States |
|---|---|---|---|
| Median Home Value | $160,200 | $212,600 | $244,900 |
| Median Rent | $964 | $1,097 | $1,163 |
| Median Income | $90,185 | $72,563 | $69,021 |
| Home Value To Income | 1.8x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Lynwood, IL Costs By Category
Detailed Lynwood Services Costs Vs. Illinois
Detailed Lynwood Groceries Costs Vs. Illinois
Detailed Lynwood Health Costs Vs. Illinois
Detailed Lynwood Transportation Costs Vs. Illinois
Detailed Lynwood Utilities Costs Vs. Illinois
Lynwood SnackAbility
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Cost Of Living In Cities Around Lynwood
The cost of living varies in the cities and towns around Lynwood. Here's a quick look at the cost of living in the most populous nearby places:
Orland Park, IL has a cost of living index of 112, 1.1x Lynwood.
Tinley Park, IL has a cost of living index of 105, 1.0x Lynwood.
Lansing, IL has a cost of living index of 98, 1.0x Lynwood.
| City | Population | Cost Of Living | Vs. Lynwood |
|---|---|---|---|
| Orland Park, IL | 58,622 | 112 | 1.1x |
| Tinley Park, IL | 55,988 | 105 | 1.0x |
| Lansing, IL | 28,916 | 98 | 1.0x |
| Chicago Heights, IL | 27,840 | 90 | 0.9x |
| Oak Forest, IL | 27,445 | 99 | 1.0x |
| Munster, IN | 23,717 | 109 | 1.1x |
| Mokena, IL | 19,897 | 110 | 1.1x |
| Palos Hills, IL | 18,379 | 105 | 1.0x |
| Dyer, IN | 16,422 | 108 | 1.1x |
| Palos Heights, IL | 12,116 | 124 | 1.2x |
