Brookfield, IL

Average · 103

Illinois · Population 19,235 · Updated March 2026

$1,328
Median Rent / Month
$108,429
Median Income
$314,000
Median Home Value
$1,734
Owner Costs / Month

Affordability

How far your income goes in Brookfield

14.7%
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

$15,936
Annual Rent
$5,367
State Income Tax
$6,500
Property Tax (est.)

Cost of Living Overview

Brookfield has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 103 (where 100 equals the national median), Brookfield residents can expect to pay median rent of $1,328/month while earning a median household income of $108,429/year.

The median home value in Brookfield, IL is $314,000, with typical monthly owner costs around $1,734 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.7% 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 Brookfield.

Frequently Asked Questions

Common questions about living costs in Brookfield

What is the cost of living in Brookfield, IL?
The cost of living index in Brookfield, IL is 103 (US average = 100). Median monthly rent is $1,328, median household income is $108,429/year, and the median home value is $314,000.
Is Brookfield, IL affordable?
No, Brookfield is more expensive than the national average with a cost index of 103. The rent-to-income ratio is 14.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Brookfield, IL?
The median gross rent in Brookfield, IL is $1,328 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,936.
What is the median household income in Brookfield?
The median household income in Brookfield, IL is $108,429 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%.