Morton Grove, IL

Very High · 139

Illinois · Population 24,687 · Updated March 2026

$2,210
Median Rent / Month
$106,078
Median Income
$377,000
Median Home Value
$1,967
Owner Costs / Month

Affordability

How far your income goes in Morton Grove

25.0%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$26,520
Annual Rent
$5,251
State Income Tax
$7,804
Property Tax (est.)

Cost of Living Overview

Morton Grove has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 139 (where 100 equals the national median), Morton Grove residents can expect to pay median rent of $2,210/month while earning a median household income of $106,078/year.

The median home value in Morton Grove, IL is $377,000, with typical monthly owner costs around $1,967 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.0%, Morton Grove falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Morton Grove.

Frequently Asked Questions

Common questions about living costs in Morton Grove

What is the cost of living in Morton Grove, IL?
The cost of living index in Morton Grove, IL is 139 (US average = 100). Median monthly rent is $2,210, median household income is $106,078/year, and the median home value is $377,000.
Is Morton Grove, IL affordable?
No, Morton Grove is more expensive than the national average with a cost index of 139. The rent-to-income ratio is 25.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Morton Grove, IL?
The median gross rent in Morton Grove, IL is $2,210 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,520.
What is the median household income in Morton Grove?
The median household income in Morton Grove, IL is $106,078 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%.