Cost Of Living in Lincoln Square, IL

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Lincoln Square	Chicago	Illinois
Cost of living	143	114	96
Goods & Services	107	107	97
Groceries	104	104	98
Health care	108	108	95
Housing	235	138	95
Transportation	107	107	103
Utilities	89	89	89

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Cost Of Living Quick Facts

The cost of living in Lincoln Square is 49% higher than the Chicago average
The cost of living in Lincoln Square is 43% higher than the national average
Lincoln Square housing is 135% higher than the national average
Illinois general sales tax is 22% higher than the national average
Illinois state income tax is 91% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Household	$98,301	$8,192	$2,294	$2,949

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

Goods & Services

Item	Chicago	National avg.	Difference
Haircut	$33.69	$24.26	38.9%
Beauty Salon	$53.44	$45.56	17.3%
Toothpaste	$3.75	$3.70	1.4%
Shampoo	$1.27	$1.28	1.1%
Movie	$17.91	$12.13	47.6%
Bowling	$24.58	$18.00	36.6%

Groceries

Item	Chicago	National avg.	Difference
Ground Beef	$5.28	$5.84	9.5%
Fried Chicken	$1.42	$1.57	9.7%
Milk	$4.87	$4.67	4.3%
Potatoes	$4.90	$4.93	0.7%
Pizza	$13.41	$12.09	10.9%
Beer	$10.00	$10.41	4.0%

Health Care

Item	Chicago	National avg.	Difference
Optometrist	$118.27	$125.68	5.9%
Doctor	$167.67	$135.78	23.5%
Dentist	$128.22	$113.29	13.2%
Ibuprofen	$10.97	$10.65	2.9%
Lipitor	$382.34	$468.60	18.4%

Housing

Item	Chicago	National avg.	Difference
Home Price	$267,600.00	$184,700.00	44.9%
Avg. Mortgage Payment	$2,578.06	$2,346.69	9.9%
Apartment Rent	$1,154.00	$949.00	21.6%

Transportation

Item	Chicago	National avg.	Difference
Gasoline	$3.56	$3.46	2.7%
Tire Balancing	$70.87	$59.92	18.3%

Utilities

Item	Chicago	National avg.	Difference
All Electricity	$148.58	$193.99	23.4%
Phone	$210.03	$192.25	9.3%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Hodgkins, IL	1,753	85	14.6%
Maywood, IL	23,351	100	0.0%
Bellwood, IL	18,799	101	1.0%
Broadview, IL	7,677	101	1.1%
Cicero, IL	81,471	102	1.6%
Chicago, IL	2,699,347	114	14.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Toronto, ON	3,013,752	n/a
Houston, TX	2,313,238	101	0.8%
Montréal, QC	1,811,008	n/a
Phoenix, AZ	1,658,422	106	6.4%
Philadelphia, PA	1,581,531	102	2.4%
Chicago, IL	2,699,347	114	14.1%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Lincoln Square, Chicago, IL