| Index | Lyons | Illinois | National |
| Cost of living | 101 | 98 | 100 |
| Groceries | 101 | 100 | 100 |
| Health care | 98 | 100 | 100 |
| Housing | 101 | 95 | 100 |
| Transportation | 103 | 101 | 100 |
| Utilities | 100 | 99 | 100 |
| Lifestyle & Entertainment | 100 | 100 | 100 |
| Household Items | 102 | 100 | 100 |
| Education & Childcare | 100 | 100 | 100 |
Understanding the cost of living in Lyons can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Lyons cost of living index is 101, which is 1% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
The cost of living in Lyons aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Lyons residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Lyons affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Lyons, for instance, where the median home price falls 3.2% lower than the national average, and monthly rent rates are 10.7% higher than usual. Additionally, median income levels contribute to the equation, with Lyons flaunting a median household income of $100,148, 23.1% higher than the national norm.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Lyons, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 4.95%.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Lyons, healthcare costs are 2.3% lower than the national average.
The cost of living data for Lyons 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.
| 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 | $104,673 | $8,723 | $2,442 | $3,141 |
| Renters | $76,897 | $6,408 | $1,794 | $2,307 |
| 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% |
| Phoenix, IL | 1,450 | 85 | 14.6% |
| Dixmoor, IL | 3,663 | 87 | 12.6% |
| Harvey, IL | 24,931 | 87 | 13.2% |
| Hometown, IL | 4,350 | 89 | 11.2% |
| Lyons, IL | 10,644 | 101 | 0.8% |
| City | Population | Cost of Living Index | National Avg. |
| Arden Hills, MN | 10,642 | 119 | 18.9% |
| Fredonia, NY | 10,641 | 102 | 2.4% |
| Quartz Hill, CA | 10,650 | 131 | 30.9% |
| Fort Madison, IA | 10,650 | 86 | 14.5% |
| Fife, WA | 10,650 | 127 | 27.1% |
| Lyons, IL | 10,644 | 101 | 0.8% |
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