Cicero, IL

Below Avg · 79

Illinois · Population 83,223 · Updated March 2026

$1,121
Median Rent / Month
$68,548
Median Income
$236,000
Median Home Value
$1,187
Owner Costs / Month

Affordability

How far your income goes in Cicero

19.6%
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

$13,452
Annual Rent
$3,393
State Income Tax
$4,885
Property Tax (est.)

Cost of Living Overview

Cicero is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 79 (where 100 equals the national median), Cicero residents can expect to pay median rent of $1,121/month while earning a median household income of $68,548/year.

The median home value in Cicero, IL is $236,000, with typical monthly owner costs around $1,187 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.6% 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 Cicero.

Frequently Asked Questions

Common questions about living costs in Cicero

What is the cost of living in Cicero, IL?
The cost of living index in Cicero, IL is 79 (US average = 100). Median monthly rent is $1,121, median household income is $68,548/year, and the median home value is $236,000.
Is Cicero, IL affordable?
Yes, Cicero is more affordable than the national average with a cost index of 79. The rent-to-income ratio is 19.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cicero, IL?
The median gross rent in Cicero, IL is $1,121 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,452.
What is the median household income in Cicero?
The median household income in Cicero, IL is $68,548 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%.