River Grove, IL

Below Avg · 83

Illinois · Population 10,482 · Updated March 2026

$1,230
Median Rent / Month
$74,793
Median Income
$244,700
Median Home Value
$1,216
Owner Costs / Month

Affordability

How far your income goes in River Grove

19.7%
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

$14,760
Annual Rent
$3,702
State Income Tax
$5,065
Property Tax (est.)

Cost of Living Overview

River Grove is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 83 (where 100 equals the national median), River Grove residents can expect to pay median rent of $1,230/month while earning a median household income of $74,793/year.

The median home value in River Grove, IL is $244,700, with typical monthly owner costs around $1,216 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.7% 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 River Grove.

Frequently Asked Questions

Common questions about living costs in River Grove

What is the cost of living in River Grove, IL?
The cost of living index in River Grove, IL is 83 (US average = 100). Median monthly rent is $1,230, median household income is $74,793/year, and the median home value is $244,700.
Is River Grove, IL affordable?
Yes, River Grove is more affordable than the national average with a cost index of 83. The rent-to-income ratio is 19.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in River Grove, IL?
The median gross rent in River Grove, IL is $1,230 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,760.
What is the median household income in River Grove?
The median household income in River Grove, IL is $74,793 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%.