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Lakewood Shores, IL Cost of Living

Lakewood Shores cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLakewood ShoresIllinoisNational
Cost of living index9299100
IndexLakewood ShoresIllinoisNational
Goods & Services index96101100
Groceries index10297100
Health care index109101100
Housing index7895100
Transportation index111105100
Utilities index8496100
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Did you know?

  • The cost of living in Lakewood Shores is 7% lower than the Illinois average.
  • The cost of living in Lakewood Shores is 8% lower than the national average.
  • The cost of housing in Lakewood Shores is 22% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$56,677$4,723$1,322$1,700
Renters$0$0$0$0

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%10.25%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%

Goods & Services

ItemLakewood ShoresNational avg.Difference
Haircut $17.59$16.099.3%
Beauty Salon $36.33$37.332.7%
Toothpaste $3.19$2.4530.3%
Shampoo $0.98$1.002.1%
Movie $9.91$10.283.6%
Bowling $3.81$4.9322.8%

Groceries

ItemLakewood ShoresNational avg.Difference
Ground Beef $4.04$3.806.2%
Fried Chicken $1.77$1.4026.7%
Milk $2.41$2.0120.0%
Potatoes $2.84$3.015.7%
Pizza $9.86$9.890.3%
Beer $8.51$8.904.4%

Health Care

ItemLakewood ShoresNational avg.Difference
Optometrist $102.46$102.160.3%
Doctor $145.88$108.3634.6%
Dentist $91.90$92.530.7%
Ibuprofen $9.16$9.281.3%
Lipitor $401.68$425.825.7%

Housing

ItemLakewood ShoresNational avg.Difference
Home Price $139,600.00$184,700.0024.4%
Avg. Mortgage Payment $1,081.39$1,202.4410.1%
Apartment Rent $783.00$949.0017.5%

Transportation

ItemLakewood ShoresNational avg.Difference
Gasoline $2.38$2.246.1%
Tire Balancing $56.83$46.2922.8%

Utilities

ItemLakewood ShoresNational avg.Difference
All Electricity$130.84$165.9621.2%
Phone $25.99$28.689.4%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Wilmington village, IL14478-22%
Union Hill, IL3290-10%
Kankakee, IL26,42491-9%
Godley, IL73090-10%
Dwight, IL4,16895-5%
Lakewood Shores, IL1,35292-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hoopers Creek, NC1,3521022%
Little Round Lake, WI1,35283-17%
Lawtell, LA1,35283-17%
Geneva-on-the-Lake, OH1,35291-9%
Toast, NC1,35289-11%
Lakewood Shores, IL1,35292-8%
Source: The Lakewood Shores, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.
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