Cost of Living in Lakewood Shores, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
119.1
100 = national avg
+19.1 vs national average
Living Wage (1 Adult)
$52,417
per year
Living Wage (Family of 4)
$123,894
per year
Cost Index by Category
Housing131.3
Food108.5
Transportation116.9
Healthcare106.8
Utilities111.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Lakewood Shores is 119.1, which is 19.1% above the national average. Housing costs are above the national average at an index of 131.3. A single adult needs to earn approximately $52,417 per year to cover basic expenses.