Cost of Living in Lynwood, IL
Population 9,047 · Illinois · Data vintage 2023
(100 = US avg)
Buyers in Lynwood can reasonably expect a home to cost less than three years of household income — $214,000 against $76,619 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. Unemployment has stayed elevated relative to the national figure — 6.3% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Lynwood sits roughly 25 miles southeast of Chicago — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 32% lower than Chicago's $315,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lynwood
The median home value in Lynwood is $213,700 — 30% below the national median of $305,000. Median rent runs $1,151/month, 12% lower than the national median of $1,314/month. The median household income of $76,619/year is 3% higher than the US median of $74,580. The local unemployment rate is 6.3%, 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, Lynwood has a cost of living index of 77 versus the US average of 100, meaning it is 23% less expensive.
Lynwood 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 Lynwood, IL?
Lynwood has a cost index of 77 (100 = national average). It is 23% below the national average.
What is average rent in Lynwood, IL?
The median gross rent in Lynwood is $1,151 per month based on 2023 Census data.
What is the average home price in Lynwood?
The median home value in Lynwood is $213,700 according to Zillow and Census data.
What is the median income in Lynwood?
The median household income in Lynwood is $76,619 per year (2023 ACS 5-year estimates).
What is the sales tax in Lynwood, IL?
The combined state and local sales tax rate in Lynwood is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Lynwood, IL affordable?
Yes, Lynwood is generally considered affordable, with a cost of living index of 77 — about 23% below the US national average of 100.
Lynwood at a Glance
- Population
- 9,047
- Median Income
- $76,619
- Home Value
- $213,700
- Median Rent
- $1,151/mo
- Unemployment
- 6.3%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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