| Index | Lemont | Illinois | National |
| Cost of living | 124 | 98 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 102 | 100 | 100 |
| Housing | 184 | 95 | 100 |
| Transportation | 98 | 101 | 100 |
| Utilities | 99 | 99 | 100 |
| Lifestyle & Entertainment | 97 | 100 | 100 |
| Household Items | 98 | 100 | 100 |
| Education & Childcare | 102 | 100 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Lemont? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Lemont stands at 124, making it 24% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Lemont is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Lemont falls into this category, which may not align with your goal of finding a budget-friendly living environment.
Housing costs significantly influence the Lemont cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 84.2%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Wondering if Lemont is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Lemont, for example, the median home price is 107.3% higher than what folks pay nationally, and monthly rent is 30.1% higher than the usual rates. Plus, income levels matter too, with Lemont boasting a median household income of $172,804, which is 112.5% higher than the national average.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Lemont, the transportation index is 1.7% lower than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
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 Lemont starts at 6.25% and the income tax rates start at 4.95%.
The cost of living estimates displayed for Lemont 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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| Groceries index | |
| Health care index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $193,266 | $16,106 | $4,509 | $5,799 |
| Renters | $78,531 | $6,544 | $1,832 | $2,356 |
| 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% |
| Hometown, IL | 4,350 | 89 | 11.2% |
| Robbins, IL | 5,241 | 89 | 10.5% |
| Preston Heights, IL | 2,583 | 92 | 7.8% |
| Ingalls Park, IL | 3,100 | 92 | 7.6% |
| Lemont, IL | 17,612 | 124 | 24.5% |
| City | Population | Cost of Living Index | National Avg. |
| Swift Current, SK | 17,609 | n/a | |
| Ashwaubenon, WI | 17,618 | 96 | 3.7% |
| Lebanon, OR | 17,626 | 105 | 5.1% |
| Siloam Springs, AR | 17,596 | 91 | 9.4% |
| Tillsonburg, ON | 17,594 | n/a | |
| Lemont, IL | 17,612 | 124 | 24.5% |
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