Crest Hill, IL

Below Avg · 88

Illinois · Population 19,754 · Updated March 2026

$1,386
Median Rent / Month
$71,408
Median Income
$222,600
Median Home Value
$1,376
Owner Costs / Month

Affordability

How far your income goes in Crest Hill

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

$16,632
Annual Rent
$3,535
State Income Tax
$4,608
Property Tax (est.)

Cost of Living Overview

Crest Hill offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 88 (where 100 equals the national median), Crest Hill residents can expect to pay median rent of $1,386/month while earning a median household income of $71,408/year.

The median home value in Crest Hill, IL is $222,600, with typical monthly owner costs around $1,376 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 Crest Hill.

Frequently Asked Questions

Common questions about living costs in Crest Hill

What is the cost of living in Crest Hill, IL?
The cost of living index in Crest Hill, IL is 88 (US average = 100). Median monthly rent is $1,386, median household income is $71,408/year, and the median home value is $222,600.
Is Crest Hill, IL affordable?
Yes, Crest Hill is more affordable than the national average with a cost index of 88. The rent-to-income ratio is 23.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Crest Hill, IL?
The median gross rent in Crest Hill, IL is $1,386 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,632.
What is the median household income in Crest Hill?
The median household income in Crest Hill, IL is $71,408 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%.