Tinley Park, IL

Average · 104

Illinois · Population 55,007 · Updated March 2026

$1,518
Median Rent / Month
$103,819
Median Income
$289,000
Median Home Value
$1,630
Owner Costs / Month

Affordability

How far your income goes in Tinley Park

17.5%
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

$18,216
Annual Rent
$5,139
State Income Tax
$5,982
Property Tax (est.)

Cost of Living Overview

Tinley Park has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 104 (where 100 equals the national median), Tinley Park residents can expect to pay median rent of $1,518/month while earning a median household income of $103,819/year.

The median home value in Tinley Park, IL is $289,000, with typical monthly owner costs around $1,630 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.5% 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 Tinley Park.

Frequently Asked Questions

Common questions about living costs in Tinley Park

What is the cost of living in Tinley Park, IL?
The cost of living index in Tinley Park, IL is 104 (US average = 100). Median monthly rent is $1,518, median household income is $103,819/year, and the median home value is $289,000.
Is Tinley Park, IL affordable?
No, Tinley Park is more expensive than the national average with a cost index of 104. The rent-to-income ratio is 17.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Tinley Park, IL?
The median gross rent in Tinley Park, IL is $1,518 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,216.
What is the median household income in Tinley Park?
The median household income in Tinley Park, IL is $103,819 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%.