Niles, IL

Average · 98

Illinois · Population 30,262 · Updated March 2026

$1,247
Median Rent / Month
$78,563
Median Income
$350,900
Median Home Value
$1,340
Owner Costs / Month

Affordability

How far your income goes in Niles

19.0%
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

$14,964
Annual Rent
$3,889
State Income Tax
$7,264
Property Tax (est.)

Cost of Living Overview

Niles has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 98 (where 100 equals the national median), Niles residents can expect to pay median rent of $1,247/month while earning a median household income of $78,563/year.

The median home value in Niles, IL is $350,900, with typical monthly owner costs around $1,340 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.0% 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 Niles.

Frequently Asked Questions

Common questions about living costs in Niles

What is the cost of living in Niles, IL?
The cost of living index in Niles, IL is 98 (US average = 100). Median monthly rent is $1,247, median household income is $78,563/year, and the median home value is $350,900.
Is Niles, IL affordable?
Yes, Niles is more affordable than the national average with a cost index of 98. The rent-to-income ratio is 19.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Niles, IL?
The median gross rent in Niles, IL is $1,247 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,964.
What is the median household income in Niles?
The median household income in Niles, IL is $78,563 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%.