| Index | Maywood | Illinois | National |
| Cost of living | 96 | 98 | 100 |
| Groceries | 101 | 100 | 100 |
| Health care | 99 | 100 | 100 |
| Housing | 91 | 95 | 100 |
| Transportation | 102 | 101 | 100 |
| Utilities | 96 | 99 | 100 |
| Lifestyle & Entertainment | 96 | 100 | 100 |
| Household Items | 98 | 100 | 100 |
| Education & Childcare | 94 | 100 | 100 |
Understanding the cost of living in Maywood 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 Maywood cost of living index is 96, which is 4% lower 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.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Maywood are priced in a manner consistent with other areas. This means that residents of Maywood can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Maywood 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 Maywood, for instance, where the median home price falls 13.2% lower than the national average, and monthly rent rates are 0.7% higher than usual. Additionally, median income levels contribute to the equation, with Maywood flaunting a median household income of $85,833, 5.5% higher than the national norm.
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 Maywood, the transportation index is 2.4% higher than the national average.
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 Maywood, healthcare costs are 1% lower than the national average.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Maywood, the groceries index is 1.4% higher than the national average.
The Maywood cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional 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 | $106,783 | $8,899 | $2,491 | $3,204 |
| Renters | $51,821 | $4,318 | $1,209 | $1,555 |
| 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% |
| Calumet Park, IL | 8,694 | 93 | 7.5% |
| Merrionette Park, IL | 2,017 | 93 | 6.6% |
| Chicago Ridge, IL | 14,340 | 99 | 1.3% |
| Maywood, IL | 23,986 | 96 | 3.6% |
| City | Population | Cost of Living Index | National Avg. |
| Westchase, FL | 23,975 | 130 | 30.5% |
| Cottage Lake, WA | 23,962 | 198 | 97.9% |
| Lisle, IL | 24,010 | 124 | 24.3% |
| Greenbelt, MD | 23,942 | 117 | 16.6% |
| Fairfax, VA | 24,037 | 160 | 59.7% |
| Maywood, IL | 23,986 | 96 | 3.6% |
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