Cost of Living in Carpentersville, IL
Population 37,544 · Illinois · Data vintage 2023
(100 = US avg)
Carpentersville offers a notably favorable income-to-housing ratio for its region. The typical home — $225,000 — costs less than 2.6 times median household income of $86,327, a threshold many coastal markets passed a decade ago. Unemployment has stayed elevated relative to the national figure — 6.3% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Carpentersville sits roughly 6 miles north of Elgin. Median home values run roughly 11% lower than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Carpentersville
The median home value in Carpentersville is $225,200 — 26% below the national median of $305,000. Median rent runs $1,420/month, 8% higher than the national median of $1,314/month. The median household income of $86,327/year is 16% higher than the US median of $74,580. The local unemployment rate is 6.3%, above the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Carpentersville has a cost of living index of 88 versus the US average of 100, meaning it is 12% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Carpentersville, IL?
Carpentersville has a cost index of 88 (100 = national average). It is 12% below the national average.
What is average rent in Carpentersville, IL?
The median gross rent in Carpentersville is $1,420 per month based on 2023 Census data.
What is the average home price in Carpentersville?
The median home value in Carpentersville is $225,200 according to Zillow and Census data.
What is the median income in Carpentersville?
The median household income in Carpentersville is $86,327 per year (2023 ACS 5-year estimates).
What is the sales tax in Carpentersville, IL?
The combined state and local sales tax rate in Carpentersville is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Carpentersville, IL affordable?
Yes, Carpentersville is generally considered affordable, with a cost of living index of 88 — about 12% below the US national average of 100.
Carpentersville at a Glance
- Population
- 37,544
- Median Income
- $86,327
- Home Value
- $225,200
- Median Rent
- $1,420/mo
- Unemployment
- 6.3%
- Sales Tax
- 8.7%
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Illinois Rankings
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