La Grange Park, IL

Above Avg · 120

Illinois · Population 13,227 · Updated March 2026

$1,423
Median Rent / Month
$119,115
Median Income
$427,800
Median Home Value
$1,847
Owner Costs / Month

Affordability

How far your income goes in La Grange Park

14.3%
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

$17,076
Annual Rent
$5,896
State Income Tax
$8,855
Property Tax (est.)

Cost of Living Overview

La Grange Park has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 120 (where 100 equals the national median), La Grange Park residents can expect to pay median rent of $1,423/month while earning a median household income of $119,115/year.

The median home value in La Grange Park, IL is $427,800, with typical monthly owner costs around $1,847 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.3% 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 La Grange Park.

Frequently Asked Questions

Common questions about living costs in La Grange Park

What is the cost of living in La Grange Park, IL?
The cost of living index in La Grange Park, IL is 120 (US average = 100). Median monthly rent is $1,423, median household income is $119,115/year, and the median home value is $427,800.
Is La Grange Park, IL affordable?
No, La Grange Park is more expensive than the national average with a cost index of 120. The rent-to-income ratio is 14.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in La Grange Park, IL?
The median gross rent in La Grange Park, IL is $1,423 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,076.
What is the median household income in La Grange Park?
The median household income in La Grange Park, IL is $119,115 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%.