Cost of Living in Lincolnshire, IL
Population 7,937 · Illinois · Data vintage 2023
(100 = US avg)
Housing in Lincolnshire sits 105% above the national median — $626,000 for the typical home — but median household incomes near $179,735 (141% above the US figure) soften the blow that similar pricing creates in lower-wage metros. An unemployment rate of 1.5% points to a labor market well on the tight side of the national distribution.
Lincolnshire sits roughly 25 miles east of Elgin — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 148% higher than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lincolnshire
The median home value in Lincolnshire is $625,800 — 105% above the national median of $305,000. Median rent runs $2,655/month, 102% higher than the national median of $1,314/month. The median household income of $179,735/year is 141% higher than the US median of $74,580. The local unemployment rate is 1.5%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Lincolnshire has a cost of living index of 204 versus the US average of 100, meaning it is 104% more expensive.
Lincolnshire has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lincolnshire, IL?
Lincolnshire has a cost index of 204 (100 = national average). It is 104% above the national average.
What is average rent in Lincolnshire, IL?
The median gross rent in Lincolnshire is $2,655 per month based on 2023 Census data.
What is the average home price in Lincolnshire?
The median home value in Lincolnshire is $625,800 according to Zillow and Census data.
What is the median income in Lincolnshire?
The median household income in Lincolnshire is $179,735 per year (2023 ACS 5-year estimates).
What is the sales tax in Lincolnshire, IL?
The combined state and local sales tax rate in Lincolnshire is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Lincolnshire, IL affordable?
Lincolnshire is above average in cost of living, with an index of 204 — about 104% higher than the national average.
Lincolnshire at a Glance
- Population
- 7,937
- Median Income
- $179,735
- Home Value
- $625,800
- Median Rent
- $2,655/mo
- Unemployment
- 1.5%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
Cities in other states with comparable housing costs