Hickory Hills, IL

Below Avg · 84

Illinois · Population 14,718 · Updated March 2026

$1,112
Median Rent / Month
$85,541
Median Income
$278,400
Median Home Value
$1,232
Owner Costs / Month

Affordability

How far your income goes in Hickory Hills

15.6%
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

$13,344
Annual Rent
$4,234
State Income Tax
$5,763
Property Tax (est.)

Cost of Living Overview

Hickory Hills is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 84 (where 100 equals the national median), Hickory Hills residents can expect to pay median rent of $1,112/month while earning a median household income of $85,541/year.

The median home value in Hickory Hills, IL is $278,400, with typical monthly owner costs around $1,232 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.6% 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 Hickory Hills.

Frequently Asked Questions

Common questions about living costs in Hickory Hills

What is the cost of living in Hickory Hills, IL?
The cost of living index in Hickory Hills, IL is 84 (US average = 100). Median monthly rent is $1,112, median household income is $85,541/year, and the median home value is $278,400.
Is Hickory Hills, IL affordable?
Yes, Hickory Hills is more affordable than the national average with a cost index of 84. The rent-to-income ratio is 15.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hickory Hills, IL?
The median gross rent in Hickory Hills, IL is $1,112 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,344.
What is the median household income in Hickory Hills?
The median household income in Hickory Hills, IL is $85,541 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%.