Lyons, IL

Below Avg · 82

Illinois · Population 10,391 · Updated March 2026

$1,154
Median Rent / Month
$64,209
Median Income
$243,500
Median Home Value
$1,245
Owner Costs / Month

Affordability

How far your income goes in Lyons

21.6%
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

$13,848
Annual Rent
$3,178
State Income Tax
$5,040
Property Tax (est.)

Cost of Living Overview

Lyons is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 82 (where 100 equals the national median), Lyons residents can expect to pay median rent of $1,154/month while earning a median household income of $64,209/year.

The median home value in Lyons, IL is $243,500, with typical monthly owner costs around $1,245 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.6% 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 Lyons.

Frequently Asked Questions

Common questions about living costs in Lyons

What is the cost of living in Lyons, IL?
The cost of living index in Lyons, IL is 82 (US average = 100). Median monthly rent is $1,154, median household income is $64,209/year, and the median home value is $243,500.
Is Lyons, IL affordable?
Yes, Lyons is more affordable than the national average with a cost index of 82. The rent-to-income ratio is 21.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lyons, IL?
The median gross rent in Lyons, IL is $1,154 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,848.
What is the median household income in Lyons?
The median household income in Lyons, IL is $64,209 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%.