Cary, IL

Average · 106

Illinois · Population 17,875 · Updated March 2026

$1,456
Median Rent / Month
$109,790
Median Income
$287,000
Median Home Value
$1,880
Owner Costs / Month

Affordability

How far your income goes in Cary

15.9%
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

$17,472
Annual Rent
$5,435
State Income Tax
$5,941
Property Tax (est.)

Cost of Living Overview

Cary is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 106 (where 100 equals the national median), Cary residents can expect to pay median rent of $1,456/month while earning a median household income of $109,790/year.

The median home value in Cary, IL is $287,000, with typical monthly owner costs around $1,880 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.9% 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 Cary.

Frequently Asked Questions

Common questions about living costs in Cary

What is the cost of living in Cary, IL?
The cost of living index in Cary, IL is 106 (US average = 100). Median monthly rent is $1,456, median household income is $109,790/year, and the median home value is $287,000.
Is Cary, IL affordable?
No, Cary is more expensive than the national average with a cost index of 106. The rent-to-income ratio is 15.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cary, IL?
The median gross rent in Cary, IL is $1,456 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,472.
What is the median household income in Cary?
The median household income in Cary, IL is $109,790 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%.