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.
Index	Lakewood Shores	Illinois	National
Cost of living index	92	99	100
Index	Lakewood Shores	Illinois	National
Goods & Services index	96	101	100
Groceries index	102	97	100
Health care index	109	101	100
Housing index	78	95	100
Transportation index	111	105	100
Utilities index	84	96	100

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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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$56,677	$4,723	$1,322	$1,700
Renters	$0	$0	$0	$0

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	3.75%	3.75%

Goods & Services

Item	Lakewood Shores	National avg.	Difference
Haircut	$17.59	$16.09	9.3%
Beauty Salon	$36.33	$37.33	2.7%
Toothpaste	$3.19	$2.45	30.3%
Shampoo	$0.98	$1.00	2.1%
Movie	$9.91	$10.28	3.6%
Bowling	$3.81	$4.93	22.8%

Groceries

Item	Lakewood Shores	National avg.	Difference
Ground Beef	$4.04	$3.80	6.2%
Fried Chicken	$1.77	$1.40	26.7%
Milk	$2.41	$2.01	20.0%
Potatoes	$2.84	$3.01	5.7%
Pizza	$9.86	$9.89	0.3%
Beer	$8.51	$8.90	4.4%

Health Care

Item	Lakewood Shores	National avg.	Difference
Optometrist	$102.46	$102.16	0.3%
Doctor	$145.88	$108.36	34.6%
Dentist	$91.90	$92.53	0.7%
Ibuprofen	$9.16	$9.28	1.3%
Lipitor	$401.68	$425.82	5.7%

Housing

Item	Lakewood Shores	National avg.	Difference
Home Price	$139,600.00	$184,700.00	24.4%
Avg. Mortgage Payment	$1,081.39	$1,202.44	10.1%
Apartment Rent	$783.00	$949.00	17.5%

Transportation

Item	Lakewood Shores	National avg.	Difference
Gasoline	$2.38	$2.24	6.1%
Tire Balancing	$56.83	$46.29	22.8%

Utilities

Item	Lakewood Shores	National avg.	Difference
All Electricity	$130.84	$165.96	21.2%
Phone	$25.99	$28.68	9.4%

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, State	Population	Cost of Living Index	National Avg.
Wilmington village, IL	144	78	-22%
Union Hill, IL	32	90	-10%
Kankakee, IL	26,424	91	-9%
Godley, IL	730	90	-10%
Dwight, IL	4,168	95	-5%
Lakewood Shores, IL	1,352	92	-8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Uhland, TX	1,352	83	-17%
Little Round Lake, WI	1,352	83	-17%
Hoopers Creek, NC	1,352	102	2%
Geneva-on-the-Lake, OH	1,352	91	-9%
Toast, NC	1,352	89	-11%
Lakewood Shores, IL	1,352	92	-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.

Lakewood Shores, IL Cost of Living