| Index | La Grange Park | Illinois | National |
| Cost of living | 125 | 98 | 100 |
| Groceries | 101 | 100 | 100 |
| Health care | 98 | 100 | 100 |
| Housing | 181 | 95 | 100 |
| Transportation | 103 | 101 | 100 |
| Utilities | 100 | 99 | 100 |
| Lifestyle & Entertainment | 100 | 100 | 100 |
| Household Items | 102 | 100 | 100 |
| Education & Childcare | 100 | 100 | 100 |
Getting a feel for the cost of living in La Grange Park is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in La Grange Park is 125, which is 25% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in La Grange Park 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, La Grange Park 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 La Grange Park 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 81.4% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is La Grange 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 La Grange Park, for instance, where the median home price falls 104.5% higher than the national average, and monthly rent rates are 27.7% higher than usual. Additionally, median income levels contribute to the equation, with La Grange Park flaunting a median household income of $159,278, 95.8% higher than the national norm.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in La Grange Park starts at 6.25% and the income tax rates start at 4.95%.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In La Grange Park, the groceries index registers 0.9% higher than the national average.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In La Grange Park, the utilities index registers at 0.2% higher than the national average.
The cost of living estimates displayed for La Grange 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.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $197,834 | $16,486 | $4,616 | $5,936 |
| Renters | $81,159 | $6,763 | $1,894 | $2,435 |
| 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% |
| Dixmoor, IL | 3,663 | 87 | 12.6% |
| Hometown, IL | 4,350 | 89 | 11.2% |
| Robbins, IL | 5,241 | 89 | 10.5% |
| Riverdale, IL | 12,878 | 89 | 10.8% |
| La Grange Park, IL | 13,501 | 125 | 25.0% |
| City | Population | Cost of Living Index | National Avg. |
| McPherson, KS | 13,501 | 91 | 9.0% |
| South Daytona, FL | 13,503 | 99 | 0.8% |
| Rochester, MI | 13,503 | 123 | 22.8% |
| Irondale, AL | 13,506 | 96 | 4.0% |
| Warrenville, IL | 13,492 | 111 | 11.5% |
| La Grange Park, IL | 13,501 | 125 | 25.0% |
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