Cost of living
Lincolnshire, Illinois
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Lincolnshire, IL is #8 on the list Top 100 Most Educated Cities in America in 2023, #7 on the list Top 100 Best Places to Raise a Family in the Midwest in 2023, #33 on the list Top 100 Best Cities For Retirees in 2023, #11 on the list Top 100 Best Cities for Retired Singles in 2022, #93 on the list Top 100 Best Places to Raise a Family in the Midwest in 2022
Cost of living in Lincolnshire, Illinois
Cost of living compared to USAthe highest
Cost of living compared to Illinoisthe highest
Median household incomethe highest
Is it expensive to live in Lincolnshire, Illinois? When calculating the cost of living in Lincolnshire, Illinois we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Lincolnshire, Illinois is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Illinois, while median household income in Lincolnshire is $130,076 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Illinois.
Taxes in Lincolnshire, Illinois
The sales tax rate in Lincolnshire, Illinois is 8.8%. Last year, the average property taxes paid was 2.8% Lincolnshire, Illinois.
The state income tax in the state of Illinois is 4.95%.
Housing costs in Lincolnshire, Illinois
The average cost of a single-family home compared to USAthe highest
The average cost of a single-family home compared to Illinoisthe highest
In Lincolnshire, Illinois, 83.0% of the population owns their homes, while approximately 17.0% rent. The average cost of a single-family home in Lincolnshire, Illinois in 2022 is $465,194 which is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Illinois. The average one-bedroom apartment cost is approximately $1,798 per month.
| Rental Size | Monthly Cost | Compared to Illinois |
|---|---|---|
| 1 Bedroom | $1,798 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $2,063 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $2,618 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $3,112 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
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