The 10 Most Expensive Places To Live In Illinois For 2022


We used science and data to determine which cities in Illinois that will put a big dent in your wallet.

HomeSnacks is reader-supported. When you click through real estate links on our site, we earn an affiliate commission. Learn more.
Editor’s Note: We updated this article for 2022. This is our ninth time ranking the most expensive places to live in Illinois.

If you guessed that many of Illinois' most expensive places are located around Chicago, you guessed right. The northeast corner of Illinois has a long history of exorbitant home prices, high property taxes, and people who can afford to pay these premium price tags.

Yes, Illinoisans can thank famous mobsters like Al Capone, professional athletes like Michael Jordan, and the CEOs of the state's 36 Fortune 500 companies for driving up the cost in the state's most expensive places. More importantly, you can thank HomeSnacks for creating a list of the most expensive places in Illinois for 2022 so that anyone thinking about moving to The Land of Lincoln will know how to navigate the state's pricey pockets.

Before you head down to our list of Illinois' top ten most expensive places, it's important to note how we calculated our list. First, we looked at the American Community Survey for places with at least 5,000 residents. We then looked at the home to income ratio and the rent to income ratio for each place. This left us with 328 Illinois places that will require you to make at least $63,312/year to offset your cost of living.

So, if you want to know what it's going to take to live in one of the most expensive places in one of the most expensive states in America, take a look below.

Here are the 10 most expensive places to live in Illinois for 2022:

  1. Lincolnshire
  2. Lincolnwood
  3. Highwood
  4. Morton Grove
  5. Inverness
  6. Evanston
  7. Northfield
  8. Niles
  9. Norridge
  10. Elmwood Park

What's the most expensive place to live in Illinois? Well, HomeSnacks crunched the numbers and discovered that Lincolnshire is the most expensive place to live in Illinois.

So hopefully Monmouth (the cheapest place to live in Illinois) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Illinois and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Illinois For 2022

1. Lincolnshire

Lincolnshire, IL

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 7,694
Rank Last Year: 2 (Down 1)
Home Price To Income Ratio: 4.3x (19th most expensive)
Income To Rent Ratio: 47.8x (24th most expensive)
More on Lincolnshire: Real Estate | Data | Photos

The median income in Lincolnshire comes in at $130,076 and the median home value is $556,900 for 2022.

2. Lincolnwood

Overall SnackAbility

9
/10

Population: 12,338
Rank Last Year: 4 (No Change)
Home Price To Income Ratio: 4.4x (15th most expensive)
Income To Rent Ratio: 41.2x (13th most expensive)
More on Lincolnwood: Real Estate | Data

The median income in Lincolnwood comes in at $90,422 and the median home value is $394,900 for 2022.

3. Highwood

Highwood, IL

Overall SnackAbility

7.5
/10

Population: 5,293
Rank Last Year: 3 (Down 2)
Home Price To Income Ratio: 5.1x (3rd most expensive)
Income To Rent Ratio: 52.8x (38th most expensive)
More on Highwood: Real Estate | Data | Photos

The median income in Highwood comes in at $74,875 and the median home value is $383,300 for 2022.

4. Morton Grove

Overall SnackAbility

9.5
/10

Population: 22,937
Rank Last Year: 6 (No Change)
Home Price To Income Ratio: 3.7x (37th most expensive)
Income To Rent Ratio: 43.1x (16th most expensive)
More on Morton Grove: Real Estate | Data

The median income in Morton Grove comes in at $87,063 and the median home value is $326,100 for 2022.

5. Inverness

Inverness, IL

Overall SnackAbility

10
/10

Population: 7,959
Rank Last Year: 15 (Up 8)
Home Price To Income Ratio: 3.5x (53rd most expensive)
Income To Rent Ratio: 53.0x (43rd most expensive)
More on Inverness: Real Estate | Data | Photos

The median income in Inverness comes in at $185,558 and the median home value is $648,200 for 2022.

6. Evanston

Evanston, IL

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 73,979
Rank Last Year: 5 (Down 3)
Home Price To Income Ratio: 5.0x (5th most expensive)
Income To Rent Ratio: 57.5x (78th most expensive)
More on Evanston: Real Estate | Data | Photos

The median income in Evanston comes in at $82,335 and the median home value is $409,900 for 2022.

7. Northfield

Northfield, IL

Overall SnackAbility

7
/10

Population: 5,678
Rank Last Year: 29 (Up 20)
Home Price To Income Ratio: 4.9x (6th most expensive)
Income To Rent Ratio: 60.8x (111th most expensive)
More on Northfield: Real Estate | Data | Photos

The median income in Northfield comes in at $143,661 and the median home value is $699,600 for 2022.

8. Niles

Niles, IL

Overall SnackAbility

8.5
/10

Population: 29,198
Rank Last Year: 10 (No Change)
Home Price To Income Ratio: 4.6x (8th most expensive)
Income To Rent Ratio: 56.0x (67th most expensive)
More on Niles: Real Estate | Data | Photos

The median income in Niles comes in at $63,490 and the median home value is $289,800 for 2022.

9. Norridge

Overall SnackAbility

8.5
/10

Population: 14,465
Rank Last Year: 18 (Up 7)
Home Price To Income Ratio: 3.9x (32nd most expensive)
Income To Rent Ratio: 53.5x (50th most expensive)
More on Norridge: Real Estate | Data

The median income in Norridge comes in at $78,300 and the median home value is $308,300 for 2022.

10. Elmwood Park

Overall SnackAbility

8.5
/10

Population: 24,274
Rank Last Year: 13 (Up 1)
Home Price To Income Ratio: 4.2x (22nd most expensive)
Income To Rent Ratio: 53.2x (45th most expensive)
More on Elmwood Park: Real Estate | Data | Photos

The median income in Elmwood Park comes in at $63,312 and the median home value is $267,500 for 2022.

Methodology: How We Determined The Most Expensive Places To Live In The Prairie State For 2022

Map Of The Cheapest Places To Live In Illinois
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2016-2020 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Illinois to figure out which is the most expensive.

What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 328 places in Illinois that have more than 5,000 people.

The place with the highest cost of living in Illinois according to the data is Lincolnshire. You can download the data here.

Summary: Taking A Chunk Out Of Your Paycheck In Illinois For 2022

Well there you have it, the places in Illinois that have the highest cost of living, with Lincolnshire ranking as the most expensive city in the Prairie State.

Here's a look at the most affordable cities in Illinois according to the data:

  1. Monmouth
  2. Hillsboro
  3. Olney

For more Illinois reading, check out:

Detailed List Of The Most Expensive Cities In Illinois

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Lincolnshire 19.67 7,694 4.3x 47.8x
2 Lincolnwood 20.0 12,338 4.4x 41.2x
3 Highwood 24.67 5,293 5.1x 52.8x
4 Morton Grove 34.33 22,937 3.7x 43.1x
5 Inverness 35.33 7,959 3.5x 53.0x
6 Evanston 37.0 73,979 5.0x 57.5x
7 Northfield 41.0 5,678 4.9x 60.8x
8 Niles 47.0 29,198 4.6x 56.0x
9 Norridge 47.33 14,465 3.9x 53.5x
10 Elmwood Park 50.0 24,274 4.2x 53.2x
11 Chicago 50.67 2,699,347 4.3x 53.8x
12 Skokie 53.33 63,300 4.3x 58.9x
13 Westmont 54.67 24,677 4.5x 59.5x
14 North Riverside 58.67 6,460 4.5x 55.8x
15 Willowbrook 63.0 8,610 3.2x 52.7x
16 Long Grove 63.67 7,907 3.1x 59.2x
17 Northbrook 65.67 33,216 4.4x 66.1x
18 Glenview 66.0 47,218 4.2x 65.2x
19 Schiller Park 68.33 11,499 3.9x 53.2x
20 Vernon Hills 69.33 26,396 3.4x 60.2x
21 Wood Dale 72.5 13,783 3.3x 52.9x
22 Melrose Park 73.67 25,404 3.7x 50.9x
23 Prospect Heights 75.0 15,986 4.2x 63.0x
24 Summit 80.33 11,171 4.0x 52.8x
25 Gilberts 81.0 7,941 2.7x 44.8x
26 Hillside 81.67 7,937 3.4x 44.3x
27 Schaumburg 82.0 73,392 3.2x 56.5x
28 Pingree Grove 82.33 8,768 3.0x 54.5x
29 Carbondale 84.33 25,400 5.1x 34.5x
30 Bloomingdale 85.67 21,905 3.5x 64.4x
31 Urbana 86.0 42,461 4.2x 43.2x
32 Addison 86.67 36,714 3.8x 62.9x
33 Rolling Meadows 86.83 23,288 3.1x 56.2x
34 Dekalb 88.0 42,961 3.7x 49.7x
35 Des Plaines 88.0 58,316 3.6x 63.1x
36 Bensenville 89.0 18,273 3.4x 56.8x
37 Lombard 89.67 43,755 3.1x 58.1x
38 Huntley 91.0 27,413 3.3x 60.6x
39 Lake Barrington 93.33 5,094 3.5x 67.5x
40 Harwood Heights 93.33 8,393 4.1x 66.8x
41 Burr Ridge 94.67 10,761 4.5x 81.3x
42 Forest Park 96.0 13,808 3.5x 62.5x
43 Bridgeview 96.33 15,576 3.6x 58.2x
44 Elk Grove Village 96.67 32,450 3.4x 65.2x
45 Countryside 98.83 5,929 3.6x 63.8x
46 Berwyn 99.0 54,850 3.7x 62.2x
47 Justice 99.0 12,677 3.2x 53.4x
48 Arlington Heights 99.67 75,071 3.5x 69.5x
49 Downers Grove 100.67 49,263 3.7x 71.3x
50 Glendale Heights 100.67 33,863 2.9x 53.2x
51 Mount Prospect 101.67 54,165 3.9x 72.0x
52 Chicago Ridge 102.0 14,028 3.3x 53.0x
53 Barrington 102.0 10,442 4.2x 80.1x
54 Lisle 102.33 23,363 3.7x 72.7x
55 Woodridge 103.0 33,443 3.2x 65.0x
56 Champaign 103.33 88,288 3.4x 53.7x
57 Wheaton 104.0 53,157 3.5x 72.2x
58 Darien 104.67 21,843 3.3x 68.5x
59 Palatine 104.83 67,875 3.4x 67.6x
60 Palos Heights 105.33 12,460 3.2x 66.8x
61 Oak Park 106.0 52,102 4.2x 79.9x
62 Crest Hill 106.67 20,388 3.0x 50.0x
63 Hoffman Estates 106.83 50,464 3.1x 65.2x
64 Lake Bluff 107.33 5,540 3.7x 81.7x
65 Palos Hills 108.0 17,172 3.2x 60.0x
66 Winfield 109.67 9,683 2.5x 60.9x
67 Hickory Hills 110.67 14,253 3.6x 66.5x
68 River Forest 110.67 10,883 4.8x 95.7x
69 Cicero 111.0 81,471 3.2x 56.5x
70 Park Ridge 111.33 37,431 4.0x 83.7x
71 Orland Park 112.67 58,380 3.4x 70.4x
72 Itasca 112.83 9,496 3.4x 74.6x
73 Winnetka 113.33 12,361 4.5x 169.5x
74 Westchester 113.5 16,255 2.8x 60.3x
75 Flossmoor 113.67 9,318 2.3x 49.0x
76 Lake Forest 115.33 19,497 4.3x 116.2x
77 Hinsdale 115.33 17,366 4.3x 113.8x
78 River Grove 115.83 9,957 3.3x 64.2x
79 Wheeling 116.0 38,684 2.8x 56.7x
80 Warrenville 116.67 13,137 2.6x 56.0x
81 Wilmette 116.67 27,114 4.2x 108.0x
82 Elmhurst 117.33 46,571 3.6x 83.1x
83 Worth 118.0 10,544 3.0x 56.4x
84 Lake Zurich 118.0 19,912 3.0x 70.1x
85 Shorewood 118.0 17,303 2.5x 60.3x
86 Highland Park 118.33 29,596 3.6x 88.3x
87 Clarendon Hills 118.67 8,834 4.4x 106.7x
88 La Grange 118.67 15,555 4.2x 95.1x
89 Roselle 121.0 22,744 2.9x 66.0x
90 Oak Lawn 121.33 55,432 3.0x 62.2x
91 Bartlett 122.67 40,894 2.6x 64.6x
92 Broadview 123.0 7,677 3.2x 58.8x
93 Naperville 123.33 147,734 3.3x 82.6x
94 Posen 123.33 5,772 2.8x 42.1x
95 Buffalo Grove 123.33 40,804 2.9x 69.4x
96 Elburn 123.67 5,559 2.9x 67.3x
97 Villa Park 124.0 22,087 3.2x 67.7x
98 Spring Grove 125.0 5,672 2.4x 61.5x
99 Hanover Park 125.0 37,811 2.7x 58.6x
100 Glen Ellyn 125.0 27,741 3.9x 106.6x

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.