Minooka, IL

Above Avg · 117

Illinois · Population 12,632 · Updated March 2026

$1,780
Median Rent / Month
$122,163
Median Income
$288,600
Median Home Value
$1,962
Owner Costs / Month

Affordability

How far your income goes in Minooka

17.5%
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

$21,360
Annual Rent
$6,047
State Income Tax
$5,974
Property Tax (est.)

Cost of Living Overview

Minooka is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 117 (where 100 equals the national median), Minooka residents can expect to pay median rent of $1,780/month while earning a median household income of $122,163/year.

The median home value in Minooka, IL is $288,600, with typical monthly owner costs around $1,962 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.5% 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 Minooka.

Frequently Asked Questions

Common questions about living costs in Minooka

What is the cost of living in Minooka, IL?
The cost of living index in Minooka, IL is 117 (US average = 100). Median monthly rent is $1,780, median household income is $122,163/year, and the median home value is $288,600.
Is Minooka, IL affordable?
No, Minooka is more expensive than the national average with a cost index of 117. The rent-to-income ratio is 17.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Minooka, IL?
The median gross rent in Minooka, IL is $1,780 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,360.
What is the median household income in Minooka?
The median household income in Minooka, IL is $122,163 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%.