Winnetka, IL

Very High · 253

Illinois · Population 12,508 · Updated March 2026

$1,750
Median Rent / Month
$250,001
Median Income
$1,206,300
Median Home Value
$4,001
Owner Costs / Month

Affordability

How far your income goes in Winnetka

8.4%
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

$21,000
Annual Rent
$12,375
State Income Tax
$24,970
Property Tax (est.)

Cost of Living Overview

Winnetka has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 253 (where 100 equals the national median), Winnetka residents can expect to pay median rent of $1,750/month while earning a median household income of $250,001/year.

The median home value in Winnetka, IL is $1,206,300, with typical monthly owner costs around $4,001 including mortgage, insurance, and taxes. The median rent-to-income ratio of 8.4% 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 Winnetka.

Frequently Asked Questions

Common questions about living costs in Winnetka

What is the cost of living in Winnetka, IL?
The cost of living index in Winnetka, IL is 253 (US average = 100). Median monthly rent is $1,750, median household income is $250,001/year, and the median home value is $1,206,300.
Is Winnetka, IL affordable?
No, Winnetka is more expensive than the national average with a cost index of 253. The rent-to-income ratio is 8.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Winnetka, IL?
The median gross rent in Winnetka, IL is $1,750 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,000.
What is the median household income in Winnetka?
The median household income in Winnetka, IL is $250,001 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%.