Cost of Living in Olympia Fields, IL

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F
27%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
91%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Olympia Fields Illinois National
Cost of living12798100
Groceries100100100
Health care100100100
Housing19195100
Transportation103101100
Utilities10099100
Lifestyle & Entertainment99100100
Household Items100100100
Education & Childcare101100100
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Homes For Sale In Olympia Fields, IL

property for sale

20535 Marathon Ct

Olympia Fields, IL
property for sale

20832 Sparta Ln

Olympia Fields, IL
property for sale

20636 Greenwood Dr

Olympia Fields, IL
property for sale

20626 Greenwood Dr

Olympia Fields, IL

Cost Of Living Quick Facts

  • The cost of living in Olympia Fields is 30% higher than the Illinois average
  • The cost of living in Olympia Fields is 27% higher than the national average
  • Olympia Fields housing is 91% higher than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Olympia Fields

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      Transportation index
      Utilities index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$155,157$12,930$3,620$4,655
      Renters$59,871$4,989$1,397$1,796
      The affordability of the housing market in Olympia Fields, IL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Olympia Fields homeowners, the median income is $155,157. This indicates that a monthly maximum of $3,620 should be spent by homeowners on all housing related costs. Renters have a median income of $59,871. This indicates that renters would have a maximum of $1,397 for their rent related monthly costs.

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Ford Heights, IL2,8018316.6%
      East Chicago, IN28,8358217.8%
      Phoenix, IL1,4508514.6%
      Dixmoor, IL3,6638712.6%
      Harvey, IL24,9318713.2%
      Olympia Fields, IL5,17512727.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Bret Harte, CA5,1751087.9%
      Kutztown, PA5,173990.6%
      Ettrick, VA5,172972.7%
      Firthcliffe, NY5,17812424.5%
      Lucan Biddulph, ON5,179n/a 
      Olympia Fields, IL5,17512727.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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