Cost of Living in Skokie, IL
Population 66,427 · Illinois · Data vintage 2023
(100 = US avg)
Skokie lands reasonably close to national benchmarks on most cost indicators, with a median home value of $369,000 — 21% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Illinois.
Geographically, Skokie sits roughly 14 miles north of Chicago. Median home values run roughly 17% higher than Chicago's $315,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Skokie
The median home value in Skokie is $368,600 — 21% above the national median of $305,000. Median rent runs $1,491/month, 13% higher than the national median of $1,314/month. The median household income of $93,550/year is 25% higher than the US median of $74,580. The local unemployment rate is 5.3%, 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, Skokie has a cost of living index of 118 versus the US average of 100, meaning it is 18% 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 Skokie, IL?
Skokie has a cost index of 118 (100 = national average). It is 18% above the national average.
What is average rent in Skokie, IL?
The median gross rent in Skokie is $1,491 per month based on 2023 Census data.
What is the average home price in Skokie?
The median home value in Skokie is $368,600 according to Zillow and Census data.
What is the median income in Skokie?
The median household income in Skokie is $93,550 per year (2023 ACS 5-year estimates).
What is the sales tax in Skokie, IL?
The combined state and local sales tax rate in Skokie is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Skokie, IL affordable?
Skokie is above average in cost of living, with an index of 118 — about 18% higher than the national average.
Skokie at a Glance
- Population
- 66,427
- Median Income
- $93,550
- Home Value
- $368,600
- Median Rent
- $1,491/mo
- Unemployment
- 5.3%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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