| Index | Loves Park | Illinois | National |
| Cost of living | 90 | 98 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 98 | 100 | 100 |
| Housing | 74 | 95 | 100 |
| Transportation | 100 | 101 | 100 |
| Utilities | 96 | 99 | 100 |
| Lifestyle & Entertainment | 94 | 100 | 100 |
| Household Items | 97 | 100 | 100 |
| Education & Childcare | 97 | 100 | 100 |
The cost of living in Loves Park affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Loves Park is 90, which is 10% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Loves Park is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Is Loves Park an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Loves Park, the median home price is 34.7% lower than what most folks pay across the country, and monthly rent prices are 6.9% lower than the usual rates. Income levels in Loves Park come in at $83,844, which is 3.1% higher than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Loves Park, the utilities index stands at 3.6% lower than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Loves Park, the groceries index is 2.5% lower than the national average.
The Loves Park cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $98,912 | $8,243 | $2,308 | $2,968 |
| Renters | $61,866 | $5,156 | $1,443 | $1,856 |
| 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. |
| Rockford, IL | 151,169 | 87 | 13.5% |
| Beloit, WI | 37,938 | 87 | 12.7% |
| Durand, IL | 1,529 | 88 | 12.4% |
| Belvidere, IL | 25,831 | 89 | 10.7% |
| South Beloit, IL | 7,924 | 90 | 10.0% |
| Loves Park, IL | 24,142 | 90 | 9.8% |
| City | Population | Cost of Living Index | National Avg. |
| Columbus, NE | 24,141 | 93 | 6.7% |
| Kerrville, TX | 24,145 | 104 | 3.8% |
| Stoneham, MA | 24,138 | 154 | 53.7% |
| Rolling Meadows, IL | 24,129 | 111 | 10.7% |
| Benbrook, TX | 24,155 | 104 | 3.9% |
| Loves Park, IL | 24,142 | 90 | 9.8% |
Here are the best places to live in Illinois
Most Dangerous States In The US
Safest Cities In The US
Most Dangerous Cities In The US