Cost of Living in Holiday Hills, IL

With a cost of living index of 115, Holiday Hills, IL is a notably expensive place to live. Living here is 15% more expensive than the national average and 35% above the Illinois state average of 80. Holiday Hills is a small community of 662 residents.

Housing costs are the biggest factor in Holiday Hills's cost of living. The median monthly rent is $2,083 (58% above the US median of $1,319), and the median home value sits at $195,600 (36% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Holiday Hills is $78,500, which is 4% higher than the national median of $75,149. Residents spend roughly 32% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

Climate is another factor for anyone considering a move to Holiday Hills. The area sees an average annual temperature of 48.3°F, with summers averaging 69°F and winters around 26°F. Annual rainfall totals 35.3 inches spread over roughly 129 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Chicago-Naperville-Elgin, IL-IN (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.