Cost of Living in Westlake Village, IL

With a cost of living index of 89, Westlake Village, IL is a very affordable place to live. Living here is 11% cheaper than the national average and 9% above the Illinois state average of 80. Westlake Village is a small community of 1,282 residents.

The median household income in Westlake Village is $143,424, which is 91% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Westlake Village. The area sees an average annual temperature of 49.4°F, with summers averaging 72°F and winters around 25°F. Annual rainfall totals 37.2 inches spread over roughly 121 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Rockford, IL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower 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.