Cost of Living in Lincolnwood, IL
Population 13,179 · Illinois · Data vintage 2023
(100 = US avg)
Lincolnwood sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Rent burden runs high: typical rents of $3,501/month consume roughly 39% of median household income, past the 30% threshold most affordability frameworks flag as strained.
Geographically, Lincolnwood sits roughly 12 miles north of Chicago. Median home values run roughly 51% higher than Chicago's $315,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lincolnwood
The median home value in Lincolnwood is $475,400 — 56% above the national median of $305,000. Median rent runs $3,501/month, 166% higher than the national median of $1,314/month. The median household income of $107,950/year is 45% higher than the US median of $74,580. The local unemployment rate is 6.0%, above 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, Lincolnwood has a cost of living index of 200 versus the US average of 100, meaning it is 100% more expensive.
🏠 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 Lincolnwood, IL?
Lincolnwood has a cost index of 200 (100 = national average). It is 100% above the national average.
What is average rent in Lincolnwood, IL?
The median gross rent in Lincolnwood is $3,501 per month based on 2023 Census data.
What is the average home price in Lincolnwood?
The median home value in Lincolnwood is $475,400 according to Zillow and Census data.
What is the median income in Lincolnwood?
The median household income in Lincolnwood is $107,950 per year (2023 ACS 5-year estimates).
What is the sales tax in Lincolnwood, IL?
The combined state and local sales tax rate in Lincolnwood is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Lincolnwood, IL affordable?
Lincolnwood is above average in cost of living, with an index of 200 — about 100% higher than the national average.
Lincolnwood at a Glance
- Population
- 13,179
- Median Income
- $107,950
- Home Value
- $475,400
- Median Rent
- $3,501/mo
- Unemployment
- 6.0%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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