Gurnee, IL

Above Avg · 112

Illinois · Population 30,486 · Updated March 2026

$1,594
Median Rent / Month
$121,410
Median Income
$331,100
Median Home Value
$1,740
Owner Costs / Month

Affordability

How far your income goes in Gurnee

15.8%
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

$19,128
Annual Rent
$6,010
State Income Tax
$6,854
Property Tax (est.)

Cost of Living Overview

Gurnee is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 112 (where 100 equals the national median), Gurnee residents can expect to pay median rent of $1,594/month while earning a median household income of $121,410/year.

The median home value in Gurnee, IL is $331,100, with typical monthly owner costs around $1,740 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.8% 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 Gurnee.

Frequently Asked Questions

Common questions about living costs in Gurnee

What is the cost of living in Gurnee, IL?
The cost of living index in Gurnee, IL is 112 (US average = 100). Median monthly rent is $1,594, median household income is $121,410/year, and the median home value is $331,100.
Is Gurnee, IL affordable?
No, Gurnee is more expensive than the national average with a cost index of 112. The rent-to-income ratio is 15.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Gurnee, IL?
The median gross rent in Gurnee, IL is $1,594 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,128.
What is the median household income in Gurnee?
The median household income in Gurnee, IL is $121,410 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%.