Beach Park, IL

Below Avg · 82

Illinois · Population 13,988 · Updated March 2026

$1,235
Median Rent / Month
$83,069
Median Income
$223,600
Median Home Value
$1,236
Owner Costs / Month

Affordability

How far your income goes in Beach Park

17.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Illinois

State-level tax rates that affect your costs

4.95%
Income Tax (Top Rate)
6.25%
Sales Tax
2.07%
Property Tax Rate

Estimated Annual Costs

$14,820
Annual Rent
$4,112
State Income Tax
$4,629
Property Tax (est.)

Cost of Living Overview

Beach Park is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 82 (where 100 equals the national median), Beach Park residents can expect to pay median rent of $1,235/month while earning a median household income of $83,069/year.

The median home value in Beach Park, IL is $223,600, with typical monthly owner costs around $1,236 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Illinois has a moderate income tax rate of 4.95%. Combined with a 6.25% sales tax rate and 2.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Beach Park.

Frequently Asked Questions

Common questions about living costs in Beach Park

What is the cost of living in Beach Park, IL?
The cost of living index in Beach Park, IL is 82 (US average = 100). Median monthly rent is $1,235, median household income is $83,069/year, and the median home value is $223,600.
Is Beach Park, IL affordable?
Yes, Beach Park is more affordable than the national average with a cost index of 82. The rent-to-income ratio is 17.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Beach Park, IL?
The median gross rent in Beach Park, IL is $1,235 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,820.
What is the median household income in Beach Park?
The median household income in Beach Park, IL is $83,069 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Illinois?
Illinois has a top income tax rate of 4.95%, a sales tax of 6.25%, and an effective property tax rate of 2.07%.