Cost of Living in Schaumburg, IL
Population 76,780 · Illinois · Data vintage 2023
(100 = US avg)
Schaumburg lands reasonably close to national benchmarks on most cost indicators, with a median home value of $312,000 — 2% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Illinois.
Located 12 miles east of Elgin, Schaumburg falls within that metro's commuting orbit. Median home values run roughly 24% higher than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Schaumburg
The median home value in Schaumburg is $312,200 — 2% above the national median of $305,000. Median rent runs $1,774/month, 35% higher than the national median of $1,314/month. The median household income of $94,690/year is 27% higher than the US median of $74,580. The local unemployment rate is 3.6%, 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, Schaumburg has a cost of living index of 115 versus the US average of 100, meaning it is 15% 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 Schaumburg, IL?
Schaumburg has a cost index of 115 (100 = national average). It is 15% above the national average.
What is average rent in Schaumburg, IL?
The median gross rent in Schaumburg is $1,774 per month based on 2023 Census data.
What is the average home price in Schaumburg?
The median home value in Schaumburg is $312,200 according to Zillow and Census data.
What is the median income in Schaumburg?
The median household income in Schaumburg is $94,690 per year (2023 ACS 5-year estimates).
What is the sales tax in Schaumburg, IL?
The combined state and local sales tax rate in Schaumburg is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Schaumburg, IL affordable?
Schaumburg is above average in cost of living, with an index of 115 — about 15% higher than the national average.
Schaumburg at a Glance
- Population
- 76,780
- Median Income
- $94,690
- Home Value
- $312,200
- Median Rent
- $1,774/mo
- Unemployment
- 3.6%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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