Cost Of Living in Knollwood, IL

Get 300+ Local Insights for Any Address in Knollwood, IL

Get Access to 300+ Local Data Points

F

24%

Overall NAT. AVG.

0%

Groceries NAT. AVG.

77%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Knollwood	Illinois	National
Cost of living	124	98	100
Groceries	100	100	100
Health care	100	100	100
Housing	177	95	100
Transportation	104	101	100
Utilities	99	99	100
Lifestyle & Entertainment	103	100	100
Household Items	101	100	100
Education & Childcare	101	100	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Homes For Sale In Knollwood, IL

907 W North Ave

Lake Bluff, IL

905 Rockland Rd

Lake Bluff, IL

Cost Of Living Quick Facts

The cost of living in Knollwood is 26% higher than the Illinois average
The cost of living in Knollwood is 24% higher than the national average
Knollwood housing is 77% higher than the national average
Illinois general sales tax is 22% higher than the national average
Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Knollwood

See all the best places to live around Knollwood

Compare Knollwood, IL Cost of Living

Write a review to give others more information about this area.

See all Knollwood poll results

The best places in Illinois

Here are the best places to live in Illinois

Check out the 10 most dangerous cities in Illinois

Check out the 10 safest cities in Illinois

Most Dangerous States In The US

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$235,854	$19,655	$5,503	$7,076
Renters	$154,375	$12,865	$3,602	$4,632

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Park City, IL	7,894	82	18.2%
North Chicago, IL	30,865	95	5.0%
Round Lake Park, IL	8,005	95	5.3%
Waukegan, IL	90,063	96	4.1%
Zion, IL	24,329	96	3.7%
Knollwood, IL	1,738	124	24.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Cedarville, AR	1,738	86	14.4%
Limestone Creek, FL	1,738	122	21.5%
Angola on the Lake, NY	1,738	103	3.2%
Port Carbon, PA	1,738	86	14.2%
Northampton, NB	1,738	n/a
Knollwood, IL	1,738	124	24.0%