Wheaton, IL

Very High · 133

Illinois · Population 53,453 · Updated March 2026

$1,731
Median Rent / Month
$119,566
Median Income
$447,700
Median Home Value
$1,969
Owner Costs / Month

Affordability

How far your income goes in Wheaton

17.4%
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

$20,772
Annual Rent
$5,919
State Income Tax
$9,267
Property Tax (est.)

Cost of Living Overview

Wheaton has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 133 (where 100 equals the national median), Wheaton residents can expect to pay median rent of $1,731/month while earning a median household income of $119,566/year.

The median home value in Wheaton, IL is $447,700, with typical monthly owner costs around $1,969 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.4% 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 Wheaton.

Frequently Asked Questions

Common questions about living costs in Wheaton

What is the cost of living in Wheaton, IL?
The cost of living index in Wheaton, IL is 133 (US average = 100). Median monthly rent is $1,731, median household income is $119,566/year, and the median home value is $447,700.
Is Wheaton, IL affordable?
No, Wheaton is more expensive than the national average with a cost index of 133. The rent-to-income ratio is 17.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Wheaton, IL?
The median gross rent in Wheaton, IL is $1,731 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,772.
What is the median household income in Wheaton?
The median household income in Wheaton, IL is $119,566 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%.