Northlake, IL Cost Of Living
Cost Of Living In Northlake, IL Summary
Cost of living in Northlake 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 Northlake 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 Northlake is 104, with 100 being the average.
The cost of living index in Northlake is 1.0x higher than the national average.
Northlake ranks as the #193 cheapest in Illinois out of 338.
Northlake ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Northlake is $201,900.
The median income in Northlake is $64,792.
Table Of Contents
Northlake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Northlake, IL?
According to the most recent data on the cost of living, Northlake has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Illinois, Northlake has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Northlake ranks as #193 most affordable out of the 338 places we measured in Illinois. By definition, that implies Northlake ranks as the #145 most expensive place in the Prairie State.
For more reading on life in Northlake, check out:
- Living In Northlake
- Northlake Crime Report
- Search Homes For Sale In Northlake, IL
In Illinois
In America
Northlake Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Northlake. Here is how it fairs on each of the criteria:
The Services index in Northlake is 115.
The Groceries index in Northlake is 106.
The Health index in Northlake is 98.
The Housing index in Northlake is 89.
The Transportation index in Northlake is 113.
The Utilities index in Northlake is 92.
| Living Expense | Northlake | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 104 | 92 | 100 | |
| Services | 115 | 95 | 100 | |
| Groceries | 106 | 98 | 100 | |
| Health | 98 | 96 | 100 | |
| Housing | 89 | 81 | 100 | |
| Transportation | 113 | 105 | 100 | |
| Utilities | 92 | 90 | 100 | |
Northlake, 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 Northlake is $201,900.
The Median Rent in Northlake is $988.
The Median Income in Northlake is $64,792.
The Home Value To Income in Northlake is 3.1x.
The Rent To Monthly Income in Northlake is 0.18x.
| Statistic | Northlake | Illinois | United States |
|---|---|---|---|
| Median Home Value | $201,900 | $212,600 | $244,900 |
| Median Rent | $988 | $1,097 | $1,163 |
| Median Income | $64,792 | $72,563 | $69,021 |
| Home Value To Income | 3.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Northlake, IL Costs By Category
Detailed Northlake Services Costs Vs. Illinois
Detailed Northlake Groceries Costs Vs. Illinois
Detailed Northlake Health Costs Vs. Illinois
Detailed Northlake Transportation Costs Vs. Illinois
Detailed Northlake Utilities Costs Vs. Illinois
Northlake SnackAbility
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Cost Of Living In Cities Around Northlake
The cost of living varies in the cities and towns around Northlake. Here's a quick look at the cost of living in the most populous nearby places:
Glenview, IL has a cost of living index of 147, 1.4x Northlake.
Elmhurst, IL has a cost of living index of 131, 1.3x Northlake.
Buffalo Grove, IL has a cost of living index of 121, 1.2x Northlake.
| City | Population | Cost Of Living | Vs. Northlake |
|---|---|---|---|
| Glenview, IL | 48,150 | 147 | 1.4x |
| Elmhurst, IL | 45,661 | 131 | 1.3x |
| Buffalo Grove, IL | 43,062 | 121 | 1.2x |
| Park Ridge, IL | 39,562 | 131 | 1.3x |
| Northbrook, IL | 35,108 | 156 | 1.5x |
| Highland Park, IL | 30,245 | 152 | 1.5x |
| Wilmette, IL | 27,895 | 166 | 1.6x |
| Melrose Park, IL | 25,417 | 105 | 1.0x |
| Deerfield, IL | 19,228 | 150 | 1.4x |
| Bensenville, IL | 18,801 | 108 | 1.0x |
