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Cost of Living in Tinley Park, IL

Population 54,842 · Census ACS 2020–2024 5-year estimates

Median rent$1,495
Median home value$299,900
Median household income$105,189

The median rent in Tinley Park, IL is $1,495/month, 17% higher than the Illinois median and 6% higher than the U.S. median. The median home value is $299,900, 10% lower than the national median. Households earn a median of $105,189 a year, 26% higher than the state median.

Affordability

Rent as a share of median income: 17.1%
Income needed for median rent (30% rule): $59,800/yr
Home price-to-income ratio: 2.9×
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

Tinley Park vs. Illinois vs. U.S.

Tinley ParkIllinoisU.S.
Median rent$1,495$1,274$1,413
Median home value$299,900$263,300$332,700
Median household income$105,189$83,390$80,734
Homeownership rate86.9%67.1%65.2%
Bachelor's degree or higher37.0%37.8%35.7%
Poverty rate5.0%11.8%12.5%
Unemployment rate6.0%5.8%5.2%
Work from home12.3%15.9%15.1%
Median age43.239.038.9

FAQ

What is the average rent in Tinley Park, IL?

The median gross rent in Tinley Park, IL is $1,495 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $59,800 a year in gross income.

Is Tinley Park, IL expensive to live in?

Rent there is 6% higher than the U.S. median, and the median home costs about 2.9 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

Spanish Fork, UTRent $1,489 · Income $104,844Overland Park, KSRent $1,515 · Income $104,834Anchorage, AKRent $1,489 · Income $103,284Saratoga Springs, NYRent $1,470 · Income $105,944Brownsburg, INRent $1,486 · Income $102,235Pleasant Prairie, WIRent $1,458 · Income $103,902

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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