Palos Heights, IL Cost Of Living
Cost Of Living In Palos Heights, IL Summary
Cost of living in Palos Heights 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 Palos Heights 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 Palos Heights is 124, with 100 being the average.
The cost of living index in Palos Heights is 1.2x higher than the national average.
Palos Heights ranks as the #298 cheapest in Illinois out of 338.
Palos Heights ranks as the #4,999 cheapest out of 6,412 in the US.
The median home value in Palos Heights is $306,600.
The median income in Palos Heights is $101,037.
Table Of Contents
Palos Heights's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Palos Heights, IL?
According to the most recent data on the cost of living, Palos Heights has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to Illinois, Palos Heights has a cost of living index that's 1.3x higher than Illinois's index of 92.
The standard of living in Palos Heights ranks as #298 most affordable out of the 338 places we measured in Illinois. By definition, that implies Palos Heights ranks as the #40 most expensive place in the Prairie State.
For more reading on life in Palos Heights, check out:
- Living In Palos Heights
- Palos Heights Crime Report
- Search Homes For Sale In Palos Heights, IL
In Illinois
In America
Palos Heights Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Palos Heights. Here is how it fairs on each of the criteria:
The Services index in Palos Heights is 115.
The Groceries index in Palos Heights is 108.
The Health index in Palos Heights is 100.
The Housing index in Palos Heights is 158.
The Transportation index in Palos Heights is 113.
The Utilities index in Palos Heights is 91.
| Living Expense | Palos Heights | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 124 | 92 | 100 | |
| Services | 115 | 95 | 100 | |
| Groceries | 108 | 98 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 158 | 81 | 100 | |
| Transportation | 113 | 105 | 100 | |
| Utilities | 91 | 90 | 100 | |
Palos Heights, 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 Palos Heights is $306,600.
The Median Rent in Palos Heights is $1,350.
The Median Income in Palos Heights is $101,037.
The Home Value To Income in Palos Heights is 3.0x.
The Rent To Monthly Income in Palos Heights is 0.16x.
| Statistic | Palos Heights | Illinois | United States |
|---|---|---|---|
| Median Home Value | $306,600 | $212,600 | $244,900 |
| Median Rent | $1,350 | $1,097 | $1,163 |
| Median Income | $101,037 | $72,563 | $69,021 |
| Home Value To Income | 3.0x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Palos Heights, IL Costs By Category
Detailed Palos Heights Services Costs Vs. Illinois
| Item | Palos Heights | Illinois |
|---|---|---|
| Shampoo | $1.06 | $1.06 |
| Movie | $14.85 | $10.68 |
| Bowling | $15.76 | $14.67 |
| Haircut | $27.76 | $18.62 |
| Beauty Salon | $65.57 | $39.05 |
Detailed Palos Heights Groceries Costs Vs. Illinois
| Item | Palos Heights | Illinois |
|---|---|---|
| Ground Beef | $4.87 | $4.22 |
| Fried Chicken | $1.99 | $1.39 |
| Milk | $2.42 | $2.05 |
| Potatoes | $3.23 | $3.29 |
| Pizza | $12.0 | $10.62 |
| Beer | $8.61 | $9.38 |
| Toothpaste | $2.46 | $2.34 |
Detailed Palos Heights Health Costs Vs. Illinois
| Item | Palos Heights | Illinois |
|---|---|---|
| Optometrist | $96.76 | $108.57 |
| Doctor | $104.96 | $116.17 |
| Dentist | $101.82 | $99.13 |
Detailed Palos Heights Transportation Costs Vs. Illinois
| Item | Palos Heights | Illinois |
|---|---|---|
| Gasoline | $2.51 | $2.22 |
| Tire Balancing | $56.85 | $50.07 |
Detailed Palos Heights Utilities Costs Vs. Illinois
| Item | Palos Heights | Illinois |
|---|---|---|
| All Electricity | $131.89 | $167.67 |
| Phone | $203.16 | $175.64 |
Palos Heights SnackAbility
/10
Cost Of Living In Cities Around Palos Heights
The cost of living varies in the cities and towns around Palos Heights. 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, 1.0x Palos Heights.
Oak Lawn, IL has a cost of living index of 106, 0.9x Palos Heights.
Elmhurst, IL has a cost of living index of 131, 1.1x Palos Heights.
| City | Population | Cost Of Living | Vs. Palos Heights |
|---|---|---|---|
| Naperville, IL | 149,013 | 125 | 1.0x |
| Oak Lawn, IL | 58,032 | 106 | 0.9x |
| Elmhurst, IL | 45,661 | 131 | 1.1x |
| Glen Ellyn, IL | 28,506 | 132 | 1.1x |
| Oak Forest, IL | 27,445 | 99 | 0.8x |
| Lisle, IL | 23,982 | 117 | 0.9x |
| Darien, IL | 22,087 | 111 | 0.9x |
| Alsip, IL | 19,036 | 104 | 0.8x |
| Palos Hills, IL | 18,379 | 105 | 0.8x |
| Hinsdale, IL | 17,148 | 193 | 1.6x |
