| Index | Hickory Hills | Illinois | National |
| Cost of living | 107 | 98 | 100 |
| Groceries | 101 | 100 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 122 | 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 |
Are you thinking about relocating, but curious about the potential cost of living in Hickory Hills? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Hickory Hills stands at 107, making it 7% 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.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Hickory Hills are priced in a manner consistent with other areas. This means that residents of Hickory Hills can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Housing costs significantly influence the Hickory Hills cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 22.3%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Is Hickory Hills affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Hickory Hills, the median home price is 30.9% higher than the national average and monthly rent prices are 2.3% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Hickory Hills boasting a median household income of $96,934, 19.2% higher than the national average.
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 Hickory Hills, the housing index is 22.3% higher than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
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 Hickory Hills, the groceries index is 1.2% higher than the national average.
The cost of living estimates displayed for Hickory Hills 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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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $122,338 | $10,195 | $2,854 | $3,671 |
| Renters | $64,908 | $5,409 | $1,514 | $1,947 |
| 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% |
| Phoenix, IL | 1,450 | 85 | 14.6% |
| Dixmoor, IL | 3,663 | 87 | 12.6% |
| Harvey, IL | 24,931 | 87 | 13.2% |
| Hickory Hills, IL | 14,635 | 107 | 7.1% |
| City | Population | Cost of Living Index | National Avg. |
| Lindenhurst, IL | 14,637 | 109 | 9.3% |
| Fruitville, FL | 14,630 | 120 | 20.0% |
| Chippewa Falls, WI | 14,630 | 96 | 4.5% |
| Anna, TX | 14,625 | 111 | 11.1% |
| Johnstown, CO | 14,655 | 131 | 30.7% |
| Hickory Hills, IL | 14,635 | 107 | 7.1% |
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