Cost of Living in Itasca, IL
Population 9,525 · Illinois · Data vintage 2023
(100 = US avg)
Itasca is a smaller Illinois community of around 10000 residents, where median household incomes of $111,898 and housing costs ($376,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.7% points to a labor market well on the tight side of the national distribution.
Located 15 miles east of Elgin, Itasca falls within that metro's commuting orbit. Median home values run roughly 49% higher than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Itasca
The median home value in Itasca is $375,600 — 23% above the national median of $305,000. Median rent runs $1,779/month, 35% higher than the national median of $1,314/month. The median household income of $111,898/year is 50% 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, Itasca has a cost of living index of 128 versus the US average of 100, meaning it is 28% more expensive.
Itasca has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 Itasca, IL?
Itasca has a cost index of 128 (100 = national average). It is 28% above the national average.
What is average rent in Itasca, IL?
The median gross rent in Itasca is $1,779 per month based on 2023 Census data.
What is the average home price in Itasca?
The median home value in Itasca is $375,600 according to Zillow and Census data.
What is the median income in Itasca?
The median household income in Itasca is $111,898 per year (2023 ACS 5-year estimates).
What is the sales tax in Itasca, IL?
The combined state and local sales tax rate in Itasca is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Itasca, IL affordable?
Itasca is above average in cost of living, with an index of 128 — about 28% higher than the national average.
Itasca at a Glance
- Population
- 9,525
- Median Income
- $111,898
- Home Value
- $375,600
- Median Rent
- $1,779/mo
- Unemployment
- 2.7%
- 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