Winnetka, IL Cost Of Living
Cost Of Living In Winnetka, IL Summary
Cost of living in Winnetka 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 Winnetka 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 Winnetka is 203, with 100 being the average.
The cost of living index in Winnetka is 2.0x higher than the national average.
Winnetka ranks as the #338 cheapest in Illinois out of 338.
Winnetka ranks as the #6,317 cheapest out of 6,412 in the US.
The median home value in Winnetka is $1,123,700.
The median income in Winnetka is $250,001.
Table Of Contents
Winnetka's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Winnetka, IL?
According to the most recent data on the cost of living, Winnetka has an overall cost of living index of 203, which is 2.0x higher than the national index of 100.
Compared to Illinois, Winnetka has a cost of living index that's 2.2x higher than Illinois's index of 92.
The standard of living in Winnetka ranks as #338 most affordable out of the 338 places we measured in Illinois. By definition, that implies Winnetka ranks as the #0 most expensive place in the Prairie State.
For more reading on life in Winnetka, check out:
- Living In Winnetka
- Winnetka Crime Report
- Search Homes For Sale In Winnetka, IL
In Illinois
In America
Winnetka Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Winnetka. Here is how it fairs on each of the criteria:
The Services index in Winnetka is 115.
The Groceries index in Winnetka is 108.
The Health index in Winnetka is 99.
The Housing index in Winnetka is 427.
The Transportation index in Winnetka is 115.
The Utilities index in Winnetka is 92.
| Living Expense | Winnetka | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 203 | 92 | 100 | |
| Services | 115 | 95 | 100 | |
| Groceries | 108 | 98 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 427 | 81 | 100 | |
| Transportation | 115 | 105 | 100 | |
| Utilities | 92 | 90 | 100 | |
Winnetka, 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 Winnetka is $1,123,700.
The Median Rent in Winnetka is $1,649.
The Median Income in Winnetka is $250,001.
The Home Value To Income in Winnetka is 4.5x.
The Rent To Monthly Income in Winnetka is 0.08x.
| Statistic | Winnetka | Illinois | United States |
|---|---|---|---|
| Median Home Value | $1,123,700 | $212,600 | $244,900 |
| Median Rent | $1,649 | $1,097 | $1,163 |
| Median Income | $250,001 | $72,563 | $69,021 |
| Home Value To Income | 4.5x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.08x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Winnetka, IL Costs By Category
Detailed Winnetka Services Costs Vs. Illinois
Detailed Winnetka Groceries Costs Vs. Illinois
Detailed Winnetka Health Costs Vs. Illinois
Detailed Winnetka Transportation Costs Vs. Illinois
Detailed Winnetka Utilities Costs Vs. Illinois
Winnetka SnackAbility
/10
Cost Of Living In Cities Around Winnetka
The cost of living varies in the cities and towns around Winnetka. Here's a quick look at the cost of living in the most populous nearby places:
Evanston, IL has a cost of living index of 128, 0.6x Winnetka.
Skokie, IL has a cost of living index of 120, 0.6x Winnetka.
Glenview, IL has a cost of living index of 147, 0.7x Winnetka.
| City | Population | Cost Of Living | Vs. Winnetka |
|---|---|---|---|
| Evanston, IL | 78,454 | 128 | 0.6x |
| Skokie, IL | 67,444 | 120 | 0.6x |
| Glenview, IL | 48,150 | 147 | 0.7x |
| Elmhurst, IL | 45,661 | 131 | 0.6x |
| Buffalo Grove, IL | 43,062 | 121 | 0.6x |
| Park Ridge, IL | 39,562 | 131 | 0.6x |
| Northbrook, IL | 35,108 | 156 | 0.8x |
| Highland Park, IL | 30,245 | 152 | 0.7x |
| Wilmette, IL | 27,895 | 166 | 0.8x |
| Morton Grove, IL | 25,004 | 124 | 0.6x |
