Markham, IL Cost Of Living
Cost Of Living In Markham, IL Summary
Cost of living in Markham 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 Markham 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 Markham is 96, with 100 being the average.
The cost of living index in Markham is 1.0x lower than the national average.
Markham ranks as the #134 cheapest in Illinois out of 338.
Markham ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Markham is $91,900.
The median income in Markham is $43,835.
Table Of Contents
Markham's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Markham, IL?
According to the most recent data on the cost of living, Markham has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Illinois, Markham has a cost of living index that's 1.0x higher than Illinois's index of 92.
The standard of living in Markham ranks as #134 most affordable out of the 338 places we measured in Illinois. By definition, that implies Markham ranks as the #204 most expensive place in the Prairie State.
For more reading on life in Markham, check out:
- Living In Markham
- Markham Crime Report
- Search Homes For Sale In Markham, IL
In Illinois
In America
Markham Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Markham. Here is how it fairs on each of the criteria:
The Services index in Markham is 116.
The Groceries index in Markham is 109.
The Health index in Markham is 98.
The Housing index in Markham is 66.
The Transportation index in Markham is 115.
The Utilities index in Markham is 94.
| Living Expense | Markham | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 96 | 92 | 100 | |
| Services | 116 | 95 | 100 | |
| Groceries | 109 | 98 | 100 | |
| Health | 98 | 96 | 100 | |
| Housing | 66 | 81 | 100 | |
| Transportation | 115 | 105 | 100 | |
| Utilities | 94 | 90 | 100 | |
Markham, 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 Markham is $91,900.
The Median Rent in Markham is $1,477.
The Median Income in Markham is $43,835.
The Home Value To Income in Markham is 2.1x.
The Rent To Monthly Income in Markham is 0.4x.
| Statistic | Markham | Illinois | United States |
|---|---|---|---|
| Median Home Value | $91,900 | $212,600 | $244,900 |
| Median Rent | $1,477 | $1,097 | $1,163 |
| Median Income | $43,835 | $72,563 | $69,021 |
| Home Value To Income | 2.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.4x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Markham, IL Costs By Category
Detailed Markham Services Costs Vs. Illinois
Detailed Markham Groceries Costs Vs. Illinois
Detailed Markham Health Costs Vs. Illinois
Detailed Markham Transportation Costs Vs. Illinois
Detailed Markham Utilities Costs Vs. Illinois
Markham SnackAbility
/10
Cost Of Living In Cities Around Markham
The cost of living varies in the cities and towns around Markham. Here's a quick look at the cost of living in the most populous nearby places:
Tinley Park, IL has a cost of living index of 105, 1.1x Markham.
Westmont, IL has a cost of living index of 120, 1.2x Markham.
Darien, IL has a cost of living index of 111, 1.2x Markham.
| City | Population | Cost Of Living | Vs. Markham |
|---|---|---|---|
| Tinley Park, IL | 55,988 | 105 | 1.1x |
| Westmont, IL | 24,632 | 120 | 1.2x |
| Darien, IL | 22,087 | 111 | 1.2x |
| Harvey, IL | 20,751 | 91 | 0.9x |
| Homewood, IL | 19,716 | 98 | 1.0x |
| Hinsdale, IL | 17,148 | 193 | 2.0x |
| Country Club Hills, IL | 16,746 | 97 | 1.0x |
| La Grange, IL | 16,220 | 137 | 1.4x |
| Midlothian, IL | 14,330 | 102 | 1.1x |
| Hazel Crest, IL | 13,727 | 94 | 1.0x |
