Berwyn, IL

Average · 90

Illinois · Population 55,888 · Updated March 2026

$1,175
Median Rent / Month
$75,235
Median Income
$286,000
Median Home Value
$1,413
Owner Costs / Month

Affordability

How far your income goes in Berwyn

18.7%
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

$14,100
Annual Rent
$3,724
State Income Tax
$5,920
Property Tax (est.)

Cost of Living Overview

Berwyn offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 90 (where 100 equals the national median), Berwyn residents can expect to pay median rent of $1,175/month while earning a median household income of $75,235/year.

The median home value in Berwyn, IL is $286,000, with typical monthly owner costs around $1,413 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.7% 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 Berwyn.

Frequently Asked Questions

Common questions about living costs in Berwyn

What is the cost of living in Berwyn, IL?
The cost of living index in Berwyn, IL is 90 (US average = 100). Median monthly rent is $1,175, median household income is $75,235/year, and the median home value is $286,000.
Is Berwyn, IL affordable?
Yes, Berwyn is more affordable than the national average with a cost index of 90. The rent-to-income ratio is 18.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Berwyn, IL?
The median gross rent in Berwyn, IL is $1,175 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,100.
What is the median household income in Berwyn?
The median household income in Berwyn, IL is $75,235 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%.