Westmont, IL Cost Of Living
Cost Of Living In Westmont, IL Summary
Cost of living in Westmont 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 Westmont 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 Westmont is 120, with 100 being the average.
The cost of living index in Westmont is 1.2x higher than the national average.
Westmont ranks as the #291 cheapest in Illinois out of 338.
Westmont ranks as the #4,798 cheapest out of 6,412 in the US.
The median home value in Westmont is $317,300.
The median income in Westmont is $76,534.
Table Of Contents
Westmont's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Westmont, IL?
According to the most recent data on the cost of living, Westmont has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to Illinois, Westmont has a cost of living index that's 1.3x higher than Illinois's index of 92.
The standard of living in Westmont ranks as #291 most affordable out of the 338 places we measured in Illinois. By definition, that implies Westmont ranks as the #47 most expensive place in the Prairie State.
For more reading on life in Westmont, check out:
- Living In Westmont
- Westmont Crime Report
- Search Homes For Sale In Westmont, IL
In Illinois
In America
Westmont Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Westmont. Here is how it fairs on each of the criteria:
The Services index in Westmont is 115.
The Groceries index in Westmont is 105.
The Health index in Westmont is 99.
The Housing index in Westmont is 141.
The Transportation index in Westmont is 114.
The Utilities index in Westmont is 94.
| Living Expense | Westmont | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 120 | 92 | 100 | |
| Services | 115 | 95 | 100 | |
| Groceries | 105 | 98 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 141 | 81 | 100 | |
| Transportation | 114 | 105 | 100 | |
| Utilities | 94 | 90 | 100 | |
Westmont, 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 Westmont is $317,300.
The Median Rent in Westmont is $1,224.
The Median Income in Westmont is $76,534.
The Home Value To Income in Westmont is 4.1x.
The Rent To Monthly Income in Westmont is 0.19x.
| Statistic | Westmont | Illinois | United States |
|---|---|---|---|
| Median Home Value | $317,300 | $212,600 | $244,900 |
| Median Rent | $1,224 | $1,097 | $1,163 |
| Median Income | $76,534 | $72,563 | $69,021 |
| Home Value To Income | 4.1x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Westmont, IL Costs By Category
Detailed Westmont Services Costs Vs. Illinois
Detailed Westmont Groceries Costs Vs. Illinois
Detailed Westmont Health Costs Vs. Illinois
Detailed Westmont Transportation Costs Vs. Illinois
Detailed Westmont Utilities Costs Vs. Illinois
Westmont SnackAbility
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Cost Of Living In Cities Around Westmont
The cost of living varies in the cities and towns around Westmont. 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 Westmont.
Wheaton, IL has a cost of living index of 118, 1.0x Westmont.
Downers Grove, IL has a cost of living index of 120, 1.0x Westmont.
| City | Population | Cost Of Living | Vs. Westmont |
|---|---|---|---|
| Naperville, IL | 149,013 | 125 | 1.0x |
| Wheaton, IL | 53,762 | 118 | 1.0x |
| Downers Grove, IL | 50,209 | 120 | 1.0x |
| Elmhurst, IL | 45,661 | 131 | 1.1x |
| Bartlett, IL | 41,126 | 117 | 1.0x |
| Park Ridge, IL | 39,562 | 131 | 1.1x |
| Glen Ellyn, IL | 28,506 | 132 | 1.1x |
| Darien, IL | 22,087 | 111 | 0.9x |
| Hinsdale, IL | 17,148 | 193 | 1.6x |
| Western Springs, IL | 13,550 | 153 | 1.3x |
