Cost of Living in Hinsdale, IL

Population 17,155 · Illinois · Data vintage 2023

257
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Hinsdale run well above the national baseline, with a median of $999,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $250,001 place the city among the better-paid Illinois metros. The labor market has been unusually tight, with unemployment around 2.7% — below most comparable cities in the state.

Hinsdale sits roughly 13 miles east of Naperville — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 96% higher than Naperville's $510,000.

Cost Overview

Housing 328
Rent 151

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Hinsdale

The median home value in Hinsdale is $999,100 — 228% above the national median of $305,000. Median rent runs $1,981/month, 51% higher than the national median of $1,314/month. The median household income of $250,001/year is 235% higher than the US median of $74,580. The local unemployment rate is 2.7%, 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, Hinsdale has a cost of living index of 257 versus the US average of 100, meaning it is 157% more expensive.

🏠 Housing

Median Home Value
$999,100
228% above avg
Zillow Home Value
$1,202,422
Zillow ZHVI
Median Rent
$1,981/mo
51% above avg
Zillow Rent
$4,500/mo
Zillow ZORI
Price-to-Rent Ratio
42.0x
Favors renting
Property Tax Rate
2.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$651
1 BR
$741
2 BR
$899
3 BR
$1,196
4 BR
$1,364
Owner-occupied 90.6%
Renter-occupied 9.4%

💰 Estimated Monthly Budget

Rent median rent
$1,981
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,595/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
35.8 min
33% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
31.3%

Commute Mode

Drove alone
46.3%
Carpooled
6.6%
Public transit
12.2%
Walked
2.2%
Bicycle
0.5%
Work from home
31.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 5.0%
Total Sales Tax 8.7%
State rate 6.3%
Avg local rate 2.5%
Property Tax 2.2%

💼 Income & Employment

Median Household Income
$250,001
235% above avg
Per Capita Income
$124,703
Unemployment Rate
2.7%
44% below avg
Poverty Rate
1.8%
Labor Force Participation
61.5%

🎓 Education

Bachelor's degree+ 36.0%
Graduate degree 45.3%

👥 Demographics

Median Age 41.9
Male median age 40.8
Female median age 42.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 53 — Moderate
40%
Good air days/yr
234
Max AQI recorded
264
PM2.5 days
101
Ozone days

Frequently Asked Questions

What is the cost of living in Hinsdale, IL?

Hinsdale has a cost index of 257 (100 = national average). It is 157% above the national average.

What is average rent in Hinsdale, IL?

The median gross rent in Hinsdale is $1,981 per month based on 2023 Census data.

What is the average home price in Hinsdale?

The median home value in Hinsdale is $999,100 according to Zillow and Census data.

What is the median income in Hinsdale?

The median household income in Hinsdale is $250,001 per year (2023 ACS 5-year estimates).

What is the sales tax in Hinsdale, IL?

The combined state and local sales tax rate in Hinsdale is 8.7%. The Illinois state income tax top rate is 5.0%.

Is Hinsdale, IL affordable?

Hinsdale is above average in cost of living, with an index of 257 — about 157% higher than the national average.