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Cost of Living in Berwyn, IL

Population 55,595 · Census ACS 2020–2024 5-year estimates

Median rent$1,215
Median home value$299,800
Median household income$78,408

The median rent in Berwyn, IL is $1,215/month, 5% lower than the Illinois median and 14% lower than the U.S. median. The median home value is $299,800, 10% lower than the national median. Households earn a median of $78,408 a year, 6% lower than the state median.

Affordability

Rent as a share of median income: 18.6%
Income needed for median rent (30% rule): $48,600/yr
Home price-to-income ratio: 3.8×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,516/mo

Run your own numbers: mortgage calculator · hourly to salary

Berwyn vs. Illinois vs. U.S.

BerwynIllinoisU.S.
Median rent$1,215$1,274$1,413
Median home value$299,800$263,300$332,700
Median household income$78,408$83,390$80,734
Homeownership rate61.1%67.1%65.2%
Bachelor's degree or higher24.2%37.8%35.7%
Poverty rate10.9%11.8%12.5%
Unemployment rate6.9%5.8%5.2%
Work from home12.2%15.9%15.1%
Median age37.839.038.9

FAQ

What is the average rent in Berwyn, IL?

The median gross rent in Berwyn, IL is $1,215 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Berwyn, IL?

Using the common 30% rule, renting a median-priced home takes about $48,600 a year in gross income.

Is Berwyn, IL expensive to live in?

Rent there is 14% lower than the U.S. median, and the median home costs about 3.8 times the median household income.

Other cities in Illinois

Chicago, ILRent $1,440 · Income $77,902Aurora, ILRent $1,596 · Income $93,633Naperville, ILRent $1,885 · Income $155,105Joliet, ILRent $1,276 · Income $92,201Rockford, ILRent $985 · Income $54,752Elgin, ILRent $1,361 · Income $90,282

Cities with a similar cost of living

Sun Valley, NVRent $1,214 · Income $77,446Sanger, CARent $1,209 · Income $77,500Highland, INRent $1,230 · Income $78,062Cedar Falls, IARent $1,203 · Income $76,987Fairfield, OHRent $1,242 · Income $77,937Walker, MIRent $1,202 · Income $76,360

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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