Fairview Heights, IL

Very Low · 72

Illinois · Population 16,255 · Updated March 2026

$1,177
Median Rent / Month
$77,960
Median Income
$166,800
Median Home Value
$1,158
Owner Costs / Month

Affordability

How far your income goes in Fairview Heights

18.1%
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

$14,124
Annual Rent
$3,859
State Income Tax
$3,453
Property Tax (est.)

Cost of Living Overview

Fairview Heights is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 72 (where 100 equals the national median), Fairview Heights residents can expect to pay median rent of $1,177/month while earning a median household income of $77,960/year.

The median home value in Fairview Heights, IL is $166,800, with typical monthly owner costs around $1,158 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.1% 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 Fairview Heights.

Frequently Asked Questions

Common questions about living costs in Fairview Heights

What is the cost of living in Fairview Heights, IL?
The cost of living index in Fairview Heights, IL is 72 (US average = 100). Median monthly rent is $1,177, median household income is $77,960/year, and the median home value is $166,800.
Is Fairview Heights, IL affordable?
Yes, Fairview Heights is more affordable than the national average with a cost index of 72. The rent-to-income ratio is 18.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fairview Heights, IL?
The median gross rent in Fairview Heights, IL is $1,177 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,124.
What is the median household income in Fairview Heights?
The median household income in Fairview Heights, IL is $77,960 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%.