Cost of Living in Prospect Heights, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
150.1
100 = national avg
+50.1 vs national average
Living Wage (1 Adult)
$66,043
per year
Living Wage (Family of 4)
$156,101
per year
Cost Index by Category
Housing187.3
Food120.0
Transportation140.0
Healthcare116.0
Utilities129.5
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 Prospect Heights is 150.1, which is 50.1% above the national average. Housing costs are above the national average at an index of 187.3. A single adult needs to earn approximately $66,043 per year to cover basic expenses.