Cost of Living in Rolling Meadows, IL
Population 23,981 · Illinois · Data vintage 2023
(100 = US avg)
Rolling Meadows is a smaller Illinois community of around 24000 residents, where median household incomes of $100,424 and housing costs ($300,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Located 15 miles east of Elgin, Rolling Meadows falls within that metro's commuting orbit. Median home values run roughly 19% higher than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Rolling Meadows
The median home value in Rolling Meadows is $299,700 — 2% below the national median of $305,000. Median rent runs $1,563/month, 19% higher than the national median of $1,314/month. The median household income of $100,424/year is 35% higher than the US median of $74,580. The local unemployment rate is 4.6%, 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, Rolling Meadows 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 Rolling Meadows, IL?
Rolling Meadows has a cost index of 107 (100 = national average). It is 7% above the national average.
What is average rent in Rolling Meadows, IL?
The median gross rent in Rolling Meadows is $1,563 per month based on 2023 Census data.
What is the average home price in Rolling Meadows?
The median home value in Rolling Meadows is $299,700 according to Zillow and Census data.
What is the median income in Rolling Meadows?
The median household income in Rolling Meadows is $100,424 per year (2023 ACS 5-year estimates).
What is the sales tax in Rolling Meadows, IL?
The combined state and local sales tax rate in Rolling Meadows is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Rolling Meadows, IL affordable?
Rolling Meadows is near the national average in terms of cost of living, with an index of 107 (100 = US average).
Rolling Meadows at a Glance
- Population
- 23,981
- Median Income
- $100,424
- Home Value
- $299,700
- Median Rent
- $1,563/mo
- Unemployment
- 4.6%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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