| Index | Burr Ridge | Illinois | National |
| Cost of living | 167 | 98 | 100 |
| Groceries | 99 | 100 | 100 |
| Health care | 97 | 100 | 100 |
| Housing | 326 | 95 | 100 |
| Transportation | 99 | 101 | 100 |
| Utilities | 98 | 99 | 100 |
| Lifestyle & Entertainment | 103 | 100 | 100 |
| Household Items | 98 | 100 | 100 |
| Education & Childcare | 102 | 100 | 100 |
Knowing the cost of living in Burr Ridge allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Burr Ridge stands at 167, marking it 67% higher than the national average.
The cost of living in Burr Ridge is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Burr Ridge falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs are a very significant part of the Burr Ridge 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 225.8% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Burr Ridge an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Burr Ridge, the median home price is 280.8% higher than what most folks pay across the country, and monthly rent prices are 97.6% higher than the usual rates. Income levels in Burr Ridge come in at $230,698, which is 183.6% higher than the national average.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Burr Ridge, the groceries index is 1% lower than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Burr Ridge, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 4.95%.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Burr Ridge, the utilities index stands at 2% lower than the national average.
The cost of living estimates displayed for Burr Ridge are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $242,306 | $20,192 | $5,653 | $7,270 |
| Renters | $74,006 | $6,167 | $1,727 | $2,220 |
| 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% |
| Phoenix, IL | 1,450 | 85 | 14.6% |
| Dixmoor, IL | 3,663 | 87 | 12.6% |
| Harvey, IL | 24,931 | 87 | 13.2% |
| Hometown, IL | 4,350 | 89 | 11.2% |
| Burr Ridge, IL | 10,988 | 167 | 67.2% |
| City | Population | Cost of Living Index | National Avg. |
| Waihee-Waiehu, HI | 10,988 | 166 | 66.3% |
| Broomall, PA | 10,988 | 125 | 24.8% |
| Waipio, HI | 10,985 | 167 | 67.0% |
| Columbia, IL | 10,985 | 102 | 1.7% |
| St. Clements, MB | 10,993 | n/a | |
| Burr Ridge, IL | 10,988 | 167 | 67.2% |
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