Cost of Living in North Barrington, IL

Population 3,113 · Illinois · Data vintage 2023

195
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

North Barrington's housing market reflects its status as a high-earning metro: $691,000 for a typical home, 127% above the US median, paired with household incomes around $216,250 that put it in the upper third of the state.

North Barrington sits roughly 15 miles northeast of Elgin — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 174% higher than Elgin's $252,000.

Cost Overview

Housing 227
Rent 146

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

About the Cost of Living in North Barrington

The median home value in North Barrington is $690,900 — 127% above the national median of $305,000. Median rent runs $1,925/month, 46% higher than the national median of $1,314/month. The median household income of $216,250/year is 190% higher than the US median of $74,580. The local unemployment rate is 4.2%, 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, North Barrington has a cost of living index of 195 versus the US average of 100, meaning it is 95% more expensive.

🏠 Housing

Median Home Value
$690,900
127% above avg
Zillow Home Value
$240,128
Zillow ZHVI
Median Rent
$1,925/mo
46% above avg
Price-to-Rent Ratio
29.9x
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 97.7%
Renter-occupied 2.3%

💰 Estimated Monthly Budget

Rent median rent
$1,925
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,539/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
31.9 min
18% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
22.5%

Commute Mode

Drove alone
62.1%
Carpooled
7.8%
Public transit
2.9%
Walked
3.9%
Work from home
22.5%

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
$216,250
190% above avg
Per Capita Income
$108,638
Unemployment Rate
4.2%
13% below avg
Poverty Rate
4.1%
Labor Force Participation
60.2%

🎓 Education

Bachelor's degree+ 41.4%
Graduate degree 34.0%

👥 Demographics

Median Age 49.2
Male median age 49.2
Female median age 49.1

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
74.9%
Good air days/yr
179
Max AQI recorded
0
PM2.5 days
243
Ozone days

Frequently Asked Questions

What is the cost of living in North Barrington, IL?

North Barrington has a cost index of 195 (100 = national average). It is 95% above the national average.

What is average rent in North Barrington, IL?

The median gross rent in North Barrington is $1,925 per month based on 2023 Census data.

What is the average home price in North Barrington?

The median home value in North Barrington is $690,900 according to Zillow and Census data.

What is the median income in North Barrington?

The median household income in North Barrington is $216,250 per year (2023 ACS 5-year estimates).

What is the sales tax in North Barrington, IL?

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

Is North Barrington, IL affordable?

North Barrington is above average in cost of living, with an index of 195 — about 95% higher than the national average.

North Barrington at a Glance

Population
3,113
Median Income
$216,250
Home Value
$690,900
Median Rent
$1,925/mo
Unemployment
4.2%
Sales Tax
8.7%
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🗺️ County data for Illinois

Explore county-level cost of living data

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