Western Springs, IL

Very High · 185

Illinois · Population 13,353 · Updated March 2026

$1,932
Median Rent / Month
$218,839
Median Income
$691,300
Median Home Value
$3,078
Owner Costs / Month

Affordability

How far your income goes in Western Springs

10.6%
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

$23,184
Annual Rent
$10,833
State Income Tax
$14,310
Property Tax (est.)

Cost of Living Overview

Western Springs has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 185 (where 100 equals the national median), Western Springs residents can expect to pay median rent of $1,932/month while earning a median household income of $218,839/year.

The median home value in Western Springs, IL is $691,300, with typical monthly owner costs around $3,078 including mortgage, insurance, and taxes. The median rent-to-income ratio of 10.6% 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 Western Springs.

Frequently Asked Questions

Common questions about living costs in Western Springs

What is the cost of living in Western Springs, IL?
The cost of living index in Western Springs, IL is 185 (US average = 100). Median monthly rent is $1,932, median household income is $218,839/year, and the median home value is $691,300.
Is Western Springs, IL affordable?
No, Western Springs is more expensive than the national average with a cost index of 185. The rent-to-income ratio is 10.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Western Springs, IL?
The median gross rent in Western Springs, IL is $1,932 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,184.
What is the median household income in Western Springs?
The median household income in Western Springs, IL is $218,839 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%.