Schiller Park, IL

Below Avg · 88

Illinois · Population 11,454 · Updated March 2026

$1,214
Median Rent / Month
$67,473
Median Income
$276,200
Median Home Value
$1,321
Owner Costs / Month

Affordability

How far your income goes in Schiller Park

21.6%
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

$14,568
Annual Rent
$3,340
State Income Tax
$5,717
Property Tax (est.)

Cost of Living Overview

Schiller Park offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 88 (where 100 equals the national median), Schiller Park residents can expect to pay median rent of $1,214/month while earning a median household income of $67,473/year.

The median home value in Schiller Park, IL is $276,200, with typical monthly owner costs around $1,321 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.6% 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 Schiller Park.

Frequently Asked Questions

Common questions about living costs in Schiller Park

What is the cost of living in Schiller Park, IL?
The cost of living index in Schiller Park, IL is 88 (US average = 100). Median monthly rent is $1,214, median household income is $67,473/year, and the median home value is $276,200.
Is Schiller Park, IL affordable?
Yes, Schiller Park is more affordable than the national average with a cost index of 88. The rent-to-income ratio is 21.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Schiller Park, IL?
The median gross rent in Schiller Park, IL is $1,214 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,568.
What is the median household income in Schiller Park?
The median household income in Schiller Park, IL is $67,473 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%.