Cost of Living in Crestwood, IL
Population 10,622 · Illinois · Data vintage 2023
(100 = US avg)
Crestwood offers a notably favorable income-to-housing ratio for its region. The typical home — $188,000 — costs less than 2.7 times median household income of $68,686, a threshold many coastal markets passed a decade ago. Unemployment has stayed elevated relative to the national figure — 7.6% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Located 14 miles south of Chicago, Crestwood falls within that metro's commuting orbit. Median home values run roughly 40% lower than Chicago's $315,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Crestwood
The median home value in Crestwood is $187,700 — 38% below the national median of $305,000. Median rent runs $1,300/month, 1% lower than the national median of $1,314/month. The median household income of $68,686/year is 8% lower than the US median of $74,580. The local unemployment rate is 7.6%, 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, Crestwood has a cost of living index of 76 versus the US average of 100, meaning it is 24% 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 Crestwood, IL?
Crestwood has a cost index of 76 (100 = national average). It is 24% below the national average.
What is average rent in Crestwood, IL?
The median gross rent in Crestwood is $1,300 per month based on 2023 Census data.
What is the average home price in Crestwood?
The median home value in Crestwood is $187,700 according to Zillow and Census data.
What is the median income in Crestwood?
The median household income in Crestwood is $68,686 per year (2023 ACS 5-year estimates).
What is the sales tax in Crestwood, IL?
The combined state and local sales tax rate in Crestwood is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Crestwood, IL affordable?
Yes, Crestwood is generally considered affordable, with a cost of living index of 76 — about 24% below the US national average of 100.
Crestwood at a Glance
- Population
- 10,622
- Median Income
- $68,686
- Home Value
- $187,700
- Median Rent
- $1,300/mo
- Unemployment
- 7.6%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
Cities in other states with comparable housing costs