Lansing, IL

Below Avg · 78

Illinois · Population 28,415 · Updated March 2026

$1,271
Median Rent / Month
$71,805
Median Income
$168,500
Median Home Value
$1,353
Owner Costs / Month

Affordability

How far your income goes in Lansing

21.2%
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

$15,252
Annual Rent
$3,554
State Income Tax
$3,488
Property Tax (est.)

Cost of Living Overview

Lansing is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 78 (where 100 equals the national median), Lansing residents can expect to pay median rent of $1,271/month while earning a median household income of $71,805/year.

The median home value in Lansing, IL is $168,500, with typical monthly owner costs around $1,353 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.2% 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 Lansing.

Frequently Asked Questions

Common questions about living costs in Lansing

What is the cost of living in Lansing, IL?
The cost of living index in Lansing, IL is 78 (US average = 100). Median monthly rent is $1,271, median household income is $71,805/year, and the median home value is $168,500.
Is Lansing, IL affordable?
Yes, Lansing is more affordable than the national average with a cost index of 78. The rent-to-income ratio is 21.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lansing, IL?
The median gross rent in Lansing, IL is $1,271 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,252.
What is the median household income in Lansing?
The median household income in Lansing, IL is $71,805 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%.