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Cost of Living in Wheaton, IL

Population 53,557 · Census ACS 2020–2024 5-year estimates

Median rent$1,799
Median home value$455,700
Median household income$120,008

The median rent in Wheaton, IL is $1,799/month, 41% higher than the Illinois median and 27% higher than the U.S. median. The median home value is $455,700, 37% higher than the national median. Households earn a median of $120,008 a year, 44% higher than the state median.

Affordability

Rent as a share of median income: 18.0%
Income needed for median rent (30% rule): $71,960/yr
Home price-to-income ratio: 3.8×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,304/mo

Run your own numbers: mortgage calculator · hourly to salary

Wheaton vs. Illinois vs. U.S.

WheatonIllinoisU.S.
Median rent$1,799$1,274$1,413
Median home value$455,700$263,300$332,700
Median household income$120,008$83,390$80,734
Homeownership rate71.7%67.1%65.2%
Bachelor's degree or higher64.5%37.8%35.7%
Poverty rate5.6%11.8%12.5%
Unemployment rate3.7%5.8%5.2%
Work from home25.7%15.9%15.1%
Median age36.839.038.9

FAQ

What is the average rent in Wheaton, IL?

The median gross rent in Wheaton, IL is $1,799 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $71,960 a year in gross income.

Is Wheaton, IL expensive to live in?

Rent there is 27% higher 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

Lutz, FLRent $1,823 · Income $120,031Minnetonka, MNRent $1,779 · Income $119,517Cottage Grove, MNRent $1,783 · Income $120,791Otsego, MNRent $1,765 · Income $119,927Huntersville, NCRent $1,834 · Income $120,516Jacksonville Beach, FLRent $1,848 · Income $120,698

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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