| Index | Addison | Illinois | National |
| Cost of living | 110 | 98 | 100 |
| Groceries | 100 | 100 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 133 | 95 | 100 |
| Transportation | 100 | 101 | 100 |
| Utilities | 97 | 99 | 100 |
| Lifestyle & Entertainment | 103 | 100 | 100 |
| Household Items | 102 | 100 | 100 |
| Education & Childcare | 100 | 100 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Addison? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Addison stands at 110, making it 10% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing costs make up a big chunk of the cost of living in Addison, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 33.5% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Addison an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Addison is 41.3% higher than the national average, while the average monthly rent prices are 15.2% higher than average. The affordability of any location can also be influenced by median income levels. Addison has a median household income of $101,122, which is 24.3% higher than the national average.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Addison, the utilities index registers 3.5% lower than the national average.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Addison, the healthcare costs are 1.3% higher than the national average.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Addison, the transportation index stands at 0% equal to the national average.
The Addison cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $138,548 | $11,546 | $3,233 | $4,157 |
| Renters | $49,619 | $4,135 | $1,158 | $1,489 |
| State | General Sales Tax | With Max Surtax |
| Illinois | 6.25% | 10.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Illinois | 4.95% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Hodgkins, IL | 1,817 | 83 | 16.9% |
| Hometown, IL | 4,350 | 89 | 11.2% |
| Maywood, IL | 23,986 | 96 | 3.6% |
| Broadview, IL | 7,841 | 99 | 0.9% |
| Bellwood, IL | 19,287 | 99 | 1.0% |
| Addison, IL | 38,050 | 110 | 10.3% |
| City | Population | Cost of Living Index | National Avg. |
| Greenfield, WI | 38,049 | 99 | 0.9% |
| Winter Springs, FL | 38,040 | 116 | 16.1% |
| Lake Worth, FL | 38,026 | 100 | 0.2% |
| Lima, OH | 38,026 | 82 | 18.4% |
| Waxahachie, TX | 38,021 | 103 | 2.6% |
| Addison, IL | 38,050 | 110 | 10.3% |
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