Roscoe, IL

Below Avg · 87

Illinois · Population 10,881 · Updated March 2026

$1,349
Median Rent / Month
$97,704
Median Income
$215,200
Median Home Value
$1,415
Owner Costs / Month

Affordability

How far your income goes in Roscoe

16.6%
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

$16,188
Annual Rent
$4,836
State Income Tax
$4,455
Property Tax (est.)

Cost of Living Overview

Roscoe offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 87 (where 100 equals the national median), Roscoe residents can expect to pay median rent of $1,349/month while earning a median household income of $97,704/year.

The median home value in Roscoe, IL is $215,200, with typical monthly owner costs around $1,415 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.6% 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 Roscoe.

Frequently Asked Questions

Common questions about living costs in Roscoe

What is the cost of living in Roscoe, IL?
The cost of living index in Roscoe, IL is 87 (US average = 100). Median monthly rent is $1,349, median household income is $97,704/year, and the median home value is $215,200.
Is Roscoe, IL affordable?
Yes, Roscoe is more affordable than the national average with a cost index of 87. The rent-to-income ratio is 16.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Roscoe, IL?
The median gross rent in Roscoe, IL is $1,349 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,188.
What is the median household income in Roscoe?
The median household income in Roscoe, IL is $97,704 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%.