Cost of Living in Lanark, IL

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16%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
47%
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 Lanark Illinois National
Cost of living8498100
Groceries98100100
Health care98100100
Housing5395100
Transportation100101100
Utilities9699100
Lifestyle & Entertainment94100100
Household Items97100100
Education & Childcare97100100
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Homes For Sale In Lanark, IL

property for sale

3-532 Fawn Ridge Dr

Lanark, IL
property for sale

26-62 Blackwood Ct

Lanark, IL
property for sale

26-58 Blackwood Ct

Lanark, IL
property for sale

13-73 Lakeview Ct

Lanark, IL
See the Newest Homes For Sale In Lanark, IL

Cost Of Living Quick Facts

  • The cost of living in Lanark is 14% lower than the Illinois average
  • The cost of living in Lanark is 16% lower than the national average
  • Lanark housing is 47% lower 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 Lanark

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Compare Lanark, IL Cost of Living

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      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$93,202$7,767$2,175$2,796
      Renters$42,094$3,508$982$1,263

      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.
      Freeport, IL24,8378217.6%
      Milledgeville, IL1,0148317.0%
      Mount Carroll, IL1,5578217.6%
      Chadwick, IL5448317.1%
      Coleta, IL2368416.3%
      Lanark, IL1,5108415.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Wurtland, KY1,5108218.4%
      Broadway, NC1,510954.7%
      Leavittsburg, OH1,5108416.0%
      Carrizo Hill, TX1,510981.7%
      Stratford, WI1,510936.8%
      Lanark, IL1,5108415.9%
      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.
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