Northbrook, IL

Very High · 180

Illinois · Population 34,642 · Updated March 2026

$2,334
Median Rent / Month
$155,321
Median Income
$644,100
Median Home Value
$2,417
Owner Costs / Month

Affordability

How far your income goes in Northbrook

18.0%
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

$28,008
Annual Rent
$7,688
State Income Tax
$13,333
Property Tax (est.)

Cost of Living Overview

Northbrook has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 180 (where 100 equals the national median), Northbrook residents can expect to pay median rent of $2,334/month while earning a median household income of $155,321/year.

The median home value in Northbrook, IL is $644,100, with typical monthly owner costs around $2,417 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.0% 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 Northbrook.

Frequently Asked Questions

Common questions about living costs in Northbrook

What is the cost of living in Northbrook, IL?
The cost of living index in Northbrook, IL is 180 (US average = 100). Median monthly rent is $2,334, median household income is $155,321/year, and the median home value is $644,100.
Is Northbrook, IL affordable?
No, Northbrook is more expensive than the national average with a cost index of 180. The rent-to-income ratio is 18.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Northbrook, IL?
The median gross rent in Northbrook, IL is $2,334 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $28,008.
What is the median household income in Northbrook?
The median household income in Northbrook, IL is $155,321 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%.