Streamwood, IL

Average · 109

Illinois · Population 39,055 · Updated March 2026

$1,849
Median Rent / Month
$101,049
Median Income
$258,300
Median Home Value
$1,602
Owner Costs / Month

Affordability

How far your income goes in Streamwood

22.0%
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

$22,188
Annual Rent
$5,002
State Income Tax
$5,347
Property Tax (est.)

Cost of Living Overview

Streamwood is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 109 (where 100 equals the national median), Streamwood residents can expect to pay median rent of $1,849/month while earning a median household income of $101,049/year.

The median home value in Streamwood, IL is $258,300, with typical monthly owner costs around $1,602 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.0% 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 Streamwood.

Frequently Asked Questions

Common questions about living costs in Streamwood

What is the cost of living in Streamwood, IL?
The cost of living index in Streamwood, IL is 109 (US average = 100). Median monthly rent is $1,849, median household income is $101,049/year, and the median home value is $258,300.
Is Streamwood, IL affordable?
No, Streamwood is more expensive than the national average with a cost index of 109. The rent-to-income ratio is 22.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Streamwood, IL?
The median gross rent in Streamwood, IL is $1,849 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,188.
What is the median household income in Streamwood?
The median household income in Streamwood, IL is $101,049 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%.