Westchester, IL

Above Avg · 112

Illinois · Population 16,524 · Updated March 2026

$1,767
Median Rent / Month
$103,561
Median Income
$297,400
Median Home Value
$1,649
Owner Costs / Month

Affordability

How far your income goes in Westchester

20.5%
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

$21,204
Annual Rent
$5,126
State Income Tax
$6,156
Property Tax (est.)

Cost of Living Overview

Westchester is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 112 (where 100 equals the national median), Westchester residents can expect to pay median rent of $1,767/month while earning a median household income of $103,561/year.

The median home value in Westchester, IL is $297,400, with typical monthly owner costs around $1,649 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.5% 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 Westchester.

Frequently Asked Questions

Common questions about living costs in Westchester

What is the cost of living in Westchester, IL?
The cost of living index in Westchester, IL is 112 (US average = 100). Median monthly rent is $1,767, median household income is $103,561/year, and the median home value is $297,400.
Is Westchester, IL affordable?
No, Westchester is more expensive than the national average with a cost index of 112. The rent-to-income ratio is 20.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Westchester, IL?
The median gross rent in Westchester, IL is $1,767 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,204.
What is the median household income in Westchester?
The median household income in Westchester, IL is $103,561 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%.