Cost of Living in Park City, IL
Population 7,631 · Illinois · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Park City a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. At 11.9%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Park City is about 30 miles northeast of Elgin, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Elgin's typical home runs $252,000 for context.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Park City
The median home value in Park City is $309,726 — 2% above the national median of $305,000. Median rent runs $1,129/month, 14% lower than the national median of $1,314/month. The median household income of $62,875/year is 16% lower than the US median of $74,580. The local unemployment rate is 11.9%, 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, Park City has a cost of living index of 95 versus the US average of 100, meaning it is 5% less expensive.
Park City 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 Park City, IL?
Park City has a cost index of 95 (100 = national average). It is 5% below the national average.
What is average rent in Park City, IL?
The median gross rent in Park City is $1,129 per month based on 2023 Census data.
What is the average home price in Park City?
The median home value in Park City is $309,726 according to Zillow and Census data.
What is the median income in Park City?
The median household income in Park City is $62,875 per year (2023 ACS 5-year estimates).
What is the sales tax in Park City, IL?
The combined state and local sales tax rate in Park City is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Park City, IL affordable?
Park City is near the national average in terms of cost of living, with an index of 95 (100 = US average).
Park City at a Glance
- Population
- 7,631
- Median Income
- $62,875
- Median Rent
- $1,129/mo
- Unemployment
- 11.9%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
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