Cost of Living Analytics

Cost of Living / Chicago-Naperville-Elgin, IL-IN-WI Metro Area

Cost of Living in Chicago-Naperville-Elgin, IL-IN-WI Metro Area

Chicago-Naperville-Elgin, IL-IN-WI Metro Area has a population of 9,566,955. Median household income is $85,087 and median rent is $1,310 per month. Rent is roughly 18.5% of median monthly income.

State: AREAPopulation: 9,566,955Income: $85,087Rent: $1,310Affordability: Affordable (18.5%)
Median Household Income
$85,087
Annual (ACS median)
Median Rent
$1,310
Monthly (ACS median gross rent)
Rent as % of Income
18.5%
rent ÷ (income/12)
Cost Index
113
Simplified relative index

Is Chicago-Naperville-Elgin, IL-IN-WI Metro Area expensive?

Based on median rent and income, Chicago-Naperville-Elgin, IL-IN-WI Metro Area has a Affordable rent burden. Median rent is $1,310, which is about 18.5% of median monthly household income.

Average rent in Chicago-Naperville-Elgin, IL-IN-WI Metro Area

Median rent (ACS) is $1,310 per month. (Neighborhoods vary widely.)

How much income do you need in Chicago-Naperville-Elgin, IL-IN-WI Metro Area?

Median household income (ACS) is $85,087 per year. Housing costs take a bigger share of income when rent burden is high.

Other metros in AREA

Compare Chicago-Naperville-Elgin, IL-IN-WI Metro Area with nearby metros:

Data sources

  • US Census Bureau American Community Survey (ACS).
  • Affordability metric: median rent ÷ (median household income / 12).
  • Figures are metro-level medians; local variation is expected.