| Index | Libertyville | Illinois | National |
| Cost of living | 134 | 98 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 98 | 100 | 100 |
| Housing | 213 | 95 | 100 |
| Transportation | 102 | 101 | 100 |
| Utilities | 99 | 99 | 100 |
| Lifestyle & Entertainment | 101 | 100 | 100 |
| Household Items | 100 | 100 | 100 |
| Education & Childcare | 103 | 100 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Libertyville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Libertyville stands at 134, making it 34% 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.
The cost of living in Libertyville 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, Libertyville 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 Libertyville 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 113.5% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Libertyville affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Libertyville, the median home price is 143.6% higher than the national average and monthly rent prices are 43.2% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Libertyville boasting a median household income of $226,599, 178.6% higher than the national average.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from 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 crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Libertyville, the utilities index is 0.8% lower than the national average.
The cost of living data for Libertyville shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $277,850 | $23,154 | $6,483 | $8,336 |
| Renters | $71,620 | $5,968 | $1,671 | $2,149 |
| 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. |
| Park City, IL | 7,894 | 82 | 18.2% |
| North Chicago, IL | 30,865 | 95 | 5.0% |
| Round Lake Park, IL | 8,005 | 95 | 5.3% |
| Waukegan, IL | 90,063 | 96 | 4.1% |
| Zion, IL | 24,329 | 96 | 3.7% |
| Libertyville, IL | 20,905 | 134 | 34.1% |
| City | Population | Cost of Living Index | National Avg. |
| Lomita, CA | 20,909 | 171 | 70.7% |
| Nogales, AZ | 20,919 | 91 | 9.1% |
| Sulphur, LA | 20,888 | 93 | 7.4% |
| Pleasantville, NJ | 20,927 | 104 | 3.5% |
| Plainview, TX | 20,929 | 85 | 14.9% |
| Libertyville, IL | 20,905 | 134 | 34.1% |
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