Cost of Living in Geneva, IL
Population 21,299 · Illinois · Data vintage 2023
(100 = US avg)
Geneva sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. An unemployment rate of 1.7% points to a labor market well on the tight side of the national distribution.
Located 8 miles north of Aurora, Geneva falls within that metro's commuting orbit. Median home values run roughly 60% higher than Aurora's $260,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Geneva
The median home value in Geneva is $415,800 — 36% above the national median of $305,000. Median rent runs $1,805/month, 37% higher than the national median of $1,314/month. The median household income of $136,621/year is 83% higher than the US median of $74,580. The local unemployment rate is 1.7%, below 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, Geneva has a cost of living index of 137 versus the US average of 100, meaning it is 37% more 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 Geneva, IL?
Geneva has a cost index of 137 (100 = national average). It is 37% above the national average.
What is average rent in Geneva, IL?
The median gross rent in Geneva is $1,805 per month based on 2023 Census data.
What is the average home price in Geneva?
The median home value in Geneva is $415,800 according to Zillow and Census data.
What is the median income in Geneva?
The median household income in Geneva is $136,621 per year (2023 ACS 5-year estimates).
What is the sales tax in Geneva, IL?
The combined state and local sales tax rate in Geneva is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Geneva, IL affordable?
Geneva is above average in cost of living, with an index of 137 — about 37% higher than the national average.
Geneva at a Glance
- Population
- 21,299
- Median Income
- $136,621
- Home Value
- $415,800
- Median Rent
- $1,805/mo
- Unemployment
- 1.7%
- 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