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Cost of Living in Will County, IL

Population 701,462 · Census ACS 2020–2024 5-year estimates

Median rent$1,462
Median home value$319,600
Median household income$109,984

The median rent in Will County, IL is $1,462/month, 15% higher than the Illinois median and 3% higher than the U.S. median. The median home value is $319,600, 4% lower than the national median. Households earn a median of $109,984 a year, 32% higher than the state median.

Affordability

Rent as a share of median income: 16.0%
Income needed for median rent (30% rule): $58,480/yr
Home price-to-income ratio: 2.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,616/mo

Run your own numbers: mortgage calculator · hourly to salary

Will County vs. Illinois vs. U.S.

Will CountyIllinoisU.S.
Median rent$1,462$1,274$1,413
Median home value$319,600$263,300$332,700
Median household income$109,984$83,390$80,734
Homeownership rate82.8%67.1%65.2%
Bachelor's degree or higher37.5%37.8%35.7%
Poverty rate7.3%11.8%12.5%
Unemployment rate4.9%5.8%5.2%
Work from home14.7%15.9%15.1%
Median age39.139.038.9

FAQ

What is the average rent in Will County, IL?

The median gross rent in Will County, IL is $1,462 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $58,480 a year in gross income.

Is Will County, IL expensive to live in?

Rent there is 3% higher than the U.S. median, and the median home costs about 2.9 times the median household income.

Other counties in Illinois

Cook County, ILRent $1,435 · Income $83,498DuPage County, ILRent $1,688 · Income $112,096Lake County, ILRent $1,477 · Income $110,416Kane County, ILRent $1,453 · Income $103,163McHenry County, ILRent $1,401 · Income $104,802Winnebago County, ILRent $1,021 · Income $65,837

Counties with a similar cost of living

Johnson County, KSRent $1,434 · Income $109,208Lower Connecticut River Valley Planning Region, CTRent $1,454 · Income $104,428James City County, VARent $1,552 · Income $109,985Warren County, OHRent $1,361 · Income $110,132Anoka County, MNRent $1,464 · Income $101,869Parker County, TXRent $1,500 · Income $104,443

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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