North Chicago, IL

Below Avg · 80

Illinois · Population 30,772 · Updated March 2026

$1,392
Median Rent / Month
$56,815
Median Income
$147,800
Median Home Value
$1,346
Owner Costs / Month

Affordability

How far your income goes in North Chicago

29.4%
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

$16,704
Annual Rent
$2,812
State Income Tax
$3,059
Property Tax (est.)

Cost of Living Overview

North Chicago is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 80 (where 100 equals the national median), North Chicago residents can expect to pay median rent of $1,392/month while earning a median household income of $56,815/year.

The median home value in North Chicago, IL is $147,800, with typical monthly owner costs around $1,346 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.4%, North Chicago 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 North Chicago.

Frequently Asked Questions

Common questions about living costs in North Chicago

What is the cost of living in North Chicago, IL?
The cost of living index in North Chicago, IL is 80 (US average = 100). Median monthly rent is $1,392, median household income is $56,815/year, and the median home value is $147,800.
Is North Chicago, IL affordable?
Yes, North Chicago is more affordable than the national average with a cost index of 80. The rent-to-income ratio is 29.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in North Chicago, IL?
The median gross rent in North Chicago, IL is $1,392 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,704.
What is the median household income in North Chicago?
The median household income in North Chicago, IL is $56,815 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%.