Bradley, IL

Very Low · 72

Illinois · Population 15,331 · Updated March 2026

$1,181
Median Rent / Month
$62,940
Median Income
$164,400
Median Home Value
$1,141
Owner Costs / Month

Affordability

How far your income goes in Bradley

22.5%
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

$14,172
Annual Rent
$3,116
State Income Tax
$3,403
Property Tax (est.)

Cost of Living Overview

Bradley is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 72 (where 100 equals the national median), Bradley residents can expect to pay median rent of $1,181/month while earning a median household income of $62,940/year.

The median home value in Bradley, IL is $164,400, with typical monthly owner costs around $1,141 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.5% 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 Bradley.

Frequently Asked Questions

Common questions about living costs in Bradley

What is the cost of living in Bradley, IL?
The cost of living index in Bradley, IL is 72 (US average = 100). Median monthly rent is $1,181, median household income is $62,940/year, and the median home value is $164,400.
Is Bradley, IL affordable?
Yes, Bradley is more affordable than the national average with a cost index of 72. The rent-to-income ratio is 22.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bradley, IL?
The median gross rent in Bradley, IL is $1,181 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,172.
What is the median household income in Bradley?
The median household income in Bradley, IL is $62,940 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%.