Cost of Living in Riverwoods, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
316.1
100 = national avg
+216.1 vs national average
Living Wage (1 Adult)
$139,098
per year
Living Wage (Family of 4)
$328,777
per year
Cost Index by Category
Housing384.8
Food200.0
Transportation371.5
Healthcare200.0
Utilities200.0
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 Riverwoods is 316.1, which is 216.1% above the national average. Housing costs are above the national average at an index of 384.8. A single adult needs to earn approximately $139,098 per year to cover basic expenses.