Cost of Living in Sleepy Hollow, IL
Population 3,165 · Illinois · Data vintage 2023
(100 = US avg)
Sleepy Hollow sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Sleepy Hollow is part of the immediate Elgin metro area — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 45% higher than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Sleepy Hollow
The median home value in Sleepy Hollow is $365,200 — 20% above the national median of $305,000. Median rent runs $1,206/month, 8% lower than the national median of $1,314/month. The median household income of $147,407/year is 98% higher than the US median of $74,580. The local unemployment rate is 3.8%, 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, Sleepy Hollow has a cost of living index of 109 versus the US average of 100, meaning it is 9% more expensive.
Sleepy Hollow 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 Sleepy Hollow, IL?
Sleepy Hollow has a cost index of 109 (100 = national average). It is 9% above the national average.
What is average rent in Sleepy Hollow, IL?
The median gross rent in Sleepy Hollow is $1,206 per month based on 2023 Census data.
What is the average home price in Sleepy Hollow?
The median home value in Sleepy Hollow is $365,200 according to Zillow and Census data.
What is the median income in Sleepy Hollow?
The median household income in Sleepy Hollow is $147,407 per year (2023 ACS 5-year estimates).
What is the sales tax in Sleepy Hollow, IL?
The combined state and local sales tax rate in Sleepy Hollow is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Sleepy Hollow, IL affordable?
Sleepy Hollow is near the national average in terms of cost of living, with an index of 109 (100 = US average).
Sleepy Hollow at a Glance
- Population
- 3,165
- Median Income
- $147,407
- Home Value
- $365,200
- Median Rent
- $1,206/mo
- Unemployment
- 3.8%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
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