Illinois · Population 149,785 · Updated March 2026
How far your income goes in Joliet
State-level tax rates that affect your costs
Joliet 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), Joliet residents can expect to pay median rent of $1,237/month while earning a median household income of $88,026/year.
The median home value in Joliet, IL is $248,600, with typical monthly owner costs around $1,472 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.9% 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 Joliet.
Common questions about living costs in Joliet
Similar-sized cities to compare
Compare the cost of living in Joliet, IL with 299 other major U.S. cities