| Index | Bolingbrook | Illinois | National |
| Cost of living | 110 | 98 | 100 |
| Groceries | 101 | 100 | 100 |
| Health care | 99 | 100 | 100 |
| Housing | 136 | 95 | 100 |
| Transportation | 98 | 101 | 100 |
| Utilities | 97 | 99 | 100 |
| Lifestyle & Entertainment | 96 | 100 | 100 |
| Household Items | 99 | 100 | 100 |
| Education & Childcare | 97 | 100 | 100 |
Understanding the cost of living in Bolingbrook can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Bolingbrook cost of living index is 110, which is 10% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
In Bolingbrook, daily expenses such as food, housing, lifestyle expenses, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Bolingbrook will resemble that of an average city, contributing to a manageable cost of living.
Housing costs are a very significant part of the Bolingbrook cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 35.7% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Bolingbrook affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Bolingbrook, for instance, where the median home price falls 30.9% higher than the national average, and monthly rent rates are 47% higher than usual. Additionally, median income levels contribute to the equation, with Bolingbrook flaunting a median household income of $136,067, 67.3% higher than the national norm.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Bolingbrook, the housing index stands at 35.7% higher than the national average.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Bolingbrook, the prevailing sales tax rate starts at 6.25%, and income tax rates kick off at 4.95%.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Bolingbrook, the utilities index is 2.9% lower than the national average.
The Bolingbrook cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $160,363 | $13,364 | $3,742 | $4,811 |
| Renters | $68,375 | $5,698 | $1,595 | $2,051 |
| 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% |
| Preston Heights, IL | 2,583 | 92 | 7.8% |
| Ingalls Park, IL | 3,100 | 92 | 7.6% |
| Fairmont, IL | 2,777 | 94 | 6.0% |
| Rockdale, IL | 2,487 | 95 | 4.9% |
| Bolingbrook, IL | 76,035 | 110 | 9.6% |
| City | Population | Cost of Living Index | National Avg. |
| Schaumburg, IL | 76,160 | 114 | 14.5% |
| Appleton, WI | 76,203 | 94 | 5.7% |
| Ellicott City, MD | 75,837 | 155 | 55.4% |
| Jacksonville, NC | 76,345 | 98 | 1.5% |
| Cheektowaga, NY | 76,395 | 100 | 0.3% |
| Bolingbrook, IL | 76,035 | 110 | 9.6% |
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