Volo, IL Cost Of Living
Cost Of Living In Volo, IL Summary
Cost of living in Volo 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 Volo 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 Volo is 112, with 100 being the average.
The cost of living index in Volo is 1.1x higher than the national average.
Volo ranks as the #255 cheapest in Illinois out of 338.
Volo ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in Volo is $216,400.
The median income in Volo is $109,778.
Table Of Contents
Volo's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Volo, IL?
According to the most recent data on the cost of living, Volo has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Illinois, Volo has a cost of living index that's 1.2x higher than Illinois's index of 92.
The standard of living in Volo ranks as #255 most affordable out of the 338 places we measured in Illinois. By definition, that implies Volo ranks as the #83 most expensive place in the Prairie State.
For more reading on life in Volo, check out:
- Living In Volo
- Search Homes For Sale In Volo, IL
In Illinois
In America
Volo Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Volo. Here is how it fairs on each of the criteria:
The Services index in Volo is 114.
The Groceries index in Volo is 109.
The Health index in Volo is 99.
The Housing index in Volo is 117.
The Transportation index in Volo is 113.
The Utilities index in Volo is 94.
| Living Expense | Volo | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 112 | 92 | 100 | |
| Services | 114 | 95 | 100 | |
| Groceries | 109 | 98 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 117 | 81 | 100 | |
| Transportation | 113 | 105 | 100 | |
| Utilities | 94 | 90 | 100 | |
Volo, 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 Volo is $216,400.
The Median Rent in Volo is $1,773.
The Median Income in Volo is $109,778.
The Home Value To Income in Volo is 2.0x.
The Rent To Monthly Income in Volo is 0.19x.
| Statistic | Volo | Illinois | United States |
|---|---|---|---|
| Median Home Value | $216,400 | $212,600 | $244,900 |
| Median Rent | $1,773 | $1,097 | $1,163 |
| Median Income | $109,778 | $72,563 | $69,021 |
| Home Value To Income | 2.0x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Volo, IL Costs By Category
Detailed Volo Services Costs Vs. Illinois
Detailed Volo Groceries Costs Vs. Illinois
Detailed Volo Health Costs Vs. Illinois
Detailed Volo Transportation Costs Vs. Illinois
Detailed Volo Utilities Costs Vs. Illinois
Volo SnackAbility
/10
Cost Of Living In Cities Around Volo
The cost of living varies in the cities and towns around Volo. Here's a quick look at the cost of living in the most populous nearby places:
Arlington Heights, IL has a cost of living index of 125, 1.1x Volo.
Buffalo Grove, IL has a cost of living index of 121, 1.1x Volo.
Round Lake Beach, IL has a cost of living index of 99, 0.9x Volo.
| City | Population | Cost Of Living | Vs. Volo |
|---|---|---|---|
| Arlington Heights, IL | 77,283 | 125 | 1.1x |
| Buffalo Grove, IL | 43,062 | 121 | 1.1x |
| Round Lake Beach, IL | 27,412 | 99 | 0.9x |
| Vernon Hills, IL | 26,723 | 126 | 1.1x |
| Libertyville, IL | 20,616 | 134 | 1.2x |
| Lake Zurich, IL | 19,807 | 125 | 1.1x |
| Deerfield, IL | 19,228 | 150 | 1.3x |
| Round Lake, IL | 18,720 | 108 | 1.0x |
| Lindenhurst, IL | 14,453 | 113 | 1.0x |
| Wauconda, IL | 14,068 | 108 | 1.0x |
