Bolingbrook, IL

Above Avg · 114

Illinois · Population 73,813 · Updated March 2026

$1,718
Median Rent / Month
$107,552
Median Income
$295,500
Median Home Value
$1,851
Owner Costs / Month

Affordability

How far your income goes in Bolingbrook

19.2%
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

$20,616
Annual Rent
$5,324
State Income Tax
$6,117
Property Tax (est.)

Cost of Living Overview

Bolingbrook is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 114 (where 100 equals the national median), Bolingbrook residents can expect to pay median rent of $1,718/month while earning a median household income of $107,552/year.

The median home value in Bolingbrook, IL is $295,500, with typical monthly owner costs around $1,851 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.2% 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 Bolingbrook.

Frequently Asked Questions

Common questions about living costs in Bolingbrook

What is the cost of living in Bolingbrook, IL?
The cost of living index in Bolingbrook, IL is 114 (US average = 100). Median monthly rent is $1,718, median household income is $107,552/year, and the median home value is $295,500.
Is Bolingbrook, IL affordable?
No, Bolingbrook is more expensive than the national average with a cost index of 114. The rent-to-income ratio is 19.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bolingbrook, IL?
The median gross rent in Bolingbrook, IL is $1,718 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,616.
What is the median household income in Bolingbrook?
The median household income in Bolingbrook, IL is $107,552 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%.