Burr Ridge, IL

Very High · 200

Illinois · Population 11,119 · Updated March 2026

$3,000
Median Rent / Month
$154,508
Median Income
$694,800
Median Home Value
$2,135
Owner Costs / Month

Affordability

How far your income goes in Burr Ridge

23.3%
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

$36,000
Annual Rent
$7,648
State Income Tax
$14,382
Property Tax (est.)

Cost of Living Overview

Burr Ridge has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 200 (where 100 equals the national median), Burr Ridge residents can expect to pay median rent of $3,000/month while earning a median household income of $154,508/year.

The median home value in Burr Ridge, IL is $694,800, with typical monthly owner costs around $2,135 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.3% 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 Burr Ridge.

Frequently Asked Questions

Common questions about living costs in Burr Ridge

What is the cost of living in Burr Ridge, IL?
The cost of living index in Burr Ridge, IL is 200 (US average = 100). Median monthly rent is $3,000, median household income is $154,508/year, and the median home value is $694,800.
Is Burr Ridge, IL affordable?
No, Burr Ridge is more expensive than the national average with a cost index of 200. The rent-to-income ratio is 23.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Burr Ridge, IL?
The median gross rent in Burr Ridge, IL is $3,000 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $36,000.
What is the median household income in Burr Ridge?
The median household income in Burr Ridge, IL is $154,508 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%.