Chicago Heights, IL

Very Low · 65

Illinois · Population 26,938 · Updated March 2026

$1,035
Median Rent / Month
$57,479
Median Income
$149,900
Median Home Value
$1,058
Owner Costs / Month

Affordability

How far your income goes in Chicago Heights

21.6%
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

$12,420
Annual Rent
$2,845
State Income Tax
$3,103
Property Tax (est.)

Cost of Living Overview

Chicago Heights is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 65 (where 100 equals the national median), Chicago Heights residents can expect to pay median rent of $1,035/month while earning a median household income of $57,479/year.

The median home value in Chicago Heights, IL is $149,900, with typical monthly owner costs around $1,058 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.6% 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 Chicago Heights.

Frequently Asked Questions

Common questions about living costs in Chicago Heights

What is the cost of living in Chicago Heights, IL?
The cost of living index in Chicago Heights, IL is 65 (US average = 100). Median monthly rent is $1,035, median household income is $57,479/year, and the median home value is $149,900.
Is Chicago Heights, IL affordable?
Yes, Chicago Heights is more affordable than the national average with a cost index of 65. The rent-to-income ratio is 21.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Chicago Heights, IL?
The median gross rent in Chicago Heights, IL is $1,035 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,420.
What is the median household income in Chicago Heights?
The median household income in Chicago Heights, IL is $57,479 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%.