Cost of Living in Libertyville, IL
Population 20,493 · Illinois · Data vintage 2023
(100 = US avg)
Libertyville 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 2.9% points to a labor market well on the tight side of the national distribution.
Libertyville is about 25 miles northeast of Elgin, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 98% higher than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Libertyville
The median home value in Libertyville is $499,300 — 64% above the national median of $305,000. Median rent runs $1,537/month, 17% higher than the national median of $1,314/month. The median household income of $162,270/year is 118% higher than the US median of $74,580. The local unemployment rate is 2.9%, 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, Libertyville has a cost of living index of 145 versus the US average of 100, meaning it is 45% 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 Libertyville, IL?
Libertyville has a cost index of 145 (100 = national average). It is 45% above the national average.
What is average rent in Libertyville, IL?
The median gross rent in Libertyville is $1,537 per month based on 2023 Census data.
What is the average home price in Libertyville?
The median home value in Libertyville is $499,300 according to Zillow and Census data.
What is the median income in Libertyville?
The median household income in Libertyville is $162,270 per year (2023 ACS 5-year estimates).
What is the sales tax in Libertyville, IL?
The combined state and local sales tax rate in Libertyville is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Libertyville, IL affordable?
Libertyville is above average in cost of living, with an index of 145 — about 45% higher than the national average.
Libertyville at a Glance
- Population
- 20,493
- Median Income
- $162,270
- Home Value
- $499,300
- Median Rent
- $1,537/mo
- Unemployment
- 2.9%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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