South Holland, IL

Average · 108

Illinois · Population 21,016 · Updated March 2026

$1,914
Median Rent / Month
$87,378
Median Income
$201,200
Median Home Value
$1,759
Owner Costs / Month

Affordability

How far your income goes in South Holland

26.3%
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

$22,968
Annual Rent
$4,325
State Income Tax
$4,165
Property Tax (est.)

Cost of Living Overview

South Holland is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 108 (where 100 equals the national median), South Holland residents can expect to pay median rent of $1,914/month while earning a median household income of $87,378/year.

The median home value in South Holland, IL is $201,200, with typical monthly owner costs around $1,759 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.3%, South Holland 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 South Holland.

Frequently Asked Questions

Common questions about living costs in South Holland

What is the cost of living in South Holland, IL?
The cost of living index in South Holland, IL is 108 (US average = 100). Median monthly rent is $1,914, median household income is $87,378/year, and the median home value is $201,200.
Is South Holland, IL affordable?
No, South Holland is more expensive than the national average with a cost index of 108. The rent-to-income ratio is 26.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in South Holland, IL?
The median gross rent in South Holland, IL is $1,914 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,968.
What is the median household income in South Holland?
The median household income in South Holland, IL is $87,378 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%.