| Index | Evergreen Park | Illinois | National |
| Cost of living | 105 | 98 | 100 |
| Groceries | 101 | 100 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 114 | 95 | 100 |
| Transportation | 105 | 101 | 100 |
| Utilities | 98 | 99 | 100 |
| Lifestyle & Entertainment | 102 | 100 | 100 |
| Household Items | 101 | 100 | 100 |
| Education & Childcare | 95 | 100 | 100 |
Knowing the cost of living in Evergreen Park 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 Evergreen Park stands at 105, marking it 5% higher than the national average.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Evergreen Park are priced in a manner consistent with other areas. This means that residents of Evergreen Park can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Evergreen Park 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 Evergreen Park, for instance, where the median home price falls 10.2% higher than the national average, and monthly rent rates are 23% higher than usual. Additionally, median income levels contribute to the equation, with Evergreen Park flaunting a median household income of $117,379, 44.3% higher than the national norm.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Evergreen Park, the groceries index is 1.2% higher than the national average.
Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Evergreen Park, the housing index is 14% higher than the national average.
The cost of living estimates displayed for Evergreen Park 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.
| 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 | $126,983 | $10,582 | $2,963 | $3,810 |
| Renters | $70,497 | $5,875 | $1,645 | $2,115 |
| 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% |
| Ford Heights, IL | 2,801 | 83 | 16.6% |
| East Chicago, IN | 28,835 | 82 | 17.8% |
| Phoenix, IL | 1,450 | 85 | 14.6% |
| Dixmoor, IL | 3,663 | 87 | 12.6% |
| Evergreen Park, IL | 19,979 | 105 | 4.7% |
| City | Population | Cost of Living Index | National Avg. |
| Johnstown, PA | 19,980 | 79 | 21.3% |
| Montrose, CO | 19,970 | 111 | 10.6% |
| Murray, KY | 19,988 | 93 | 7.2% |
| Matteson, IL | 19,990 | 102 | 2.2% |
| Arbutus, MD | 19,966 | 114 | 13.8% |
| Evergreen Park, IL | 19,979 | 105 | 4.7% |
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