Cost of Living in Niles, IL
Population 30,262 · Illinois · Data vintage 2023
(100 = US avg)
Niles lands reasonably close to national benchmarks on most cost indicators, with a median home value of $351,000 — 15% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Illinois. At 6.6%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Niles sits roughly 15 miles northwest of Chicago — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 11% higher than Chicago's $315,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Niles
The median home value in Niles is $350,900 — 15% above the national median of $305,000. Median rent runs $1,247/month, 5% lower than the national median of $1,314/month. The median household income of $78,563/year is 5% higher than the US median of $74,580. The local unemployment rate is 6.6%, 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, Niles has a cost of living index of 107 versus the US average of 100, meaning it is 7% 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 Niles, IL?
Niles has a cost index of 107 (100 = national average). It is 7% above the national average.
What is average rent in Niles, IL?
The median gross rent in Niles is $1,247 per month based on 2023 Census data.
What is the average home price in Niles?
The median home value in Niles is $350,900 according to Zillow and Census data.
What is the median income in Niles?
The median household income in Niles is $78,563 per year (2023 ACS 5-year estimates).
What is the sales tax in Niles, IL?
The combined state and local sales tax rate in Niles is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Niles, IL affordable?
Niles is near the national average in terms of cost of living, with an index of 107 (100 = US average).
Niles at a Glance
- Population
- 30,262
- Median Income
- $78,563
- Home Value
- $350,900
- Median Rent
- $1,247/mo
- Unemployment
- 6.6%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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