Cost of Living in South Holland, IL

Population 21,016 · Illinois · Data vintage 2023

98
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in South Holland can reasonably expect a home to cost less than three years of household income — $201,000 against $87,378 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. Unemployment has stayed elevated relative to the national figure — 10.1% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Geographically, South Holland sits roughly 15 miles south of Chicago. Median home values run roughly 36% lower than Chicago's $315,000.

Cost Overview

Housing 66
Rent 146

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in South Holland

The median home value in South Holland is $201,200 — 34% below the national median of $305,000. Median rent runs $1,914/month, 46% higher than the national median of $1,314/month. The median household income of $87,378/year is 17% higher than the US median of $74,580. The local unemployment rate is 10.1%, 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, South Holland has a cost of living index of 98 versus the US average of 100, meaning it is 2% less expensive.

🏠 Housing

Median Home Value
$201,200
34% below avg
Zillow Home Value
$222,279
Zillow ZHVI
Median Rent
$1,914/mo
46% above avg
Price-to-Rent Ratio
8.8x
Favors buying
Property Tax Rate
2.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$651
1 BR
$741
2 BR
$899
3 BR
$1,196
4 BR
$1,364
Owner-occupied 83.1%
Renter-occupied 16.9%

💰 Estimated Monthly Budget

Rent median rent
$1,914
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,528/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
40.3 min
49% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.0%

Commute Mode

Drove alone
69.2%
Carpooled
10.7%
Public transit
6.5%
Walked
0.6%
Bicycle
0.3%
Work from home
11.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 5.0%
Total Sales Tax 8.7%
State rate 6.3%
Avg local rate 2.5%
Property Tax 2.2%

💼 Income & Employment

Median Household Income
$87,378
17% above avg
Per Capita Income
$35,098
Unemployment Rate
10.1%
109% above avg
Poverty Rate
13.4%
Labor Force Participation
61.7%

🎓 Education

Bachelor's degree+ 15.5%
Graduate degree 11.4%

👥 Demographics

Median Age 42.6
Male median age 42.1
Female median age 42.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 57 — Moderate
28.5%
Good air days/yr
223
Max AQI recorded
252
PM2.5 days
97
Ozone days

Frequently Asked Questions

What is the cost of living in South Holland, IL?

South Holland has a cost index of 98 (100 = national average). It is 2% below the national average.

What is average rent in South Holland, IL?

The median gross rent in South Holland is $1,914 per month based on 2023 Census data.

What is the average home price in South Holland?

The median home value in South Holland is $201,200 according to Zillow and Census data.

What is the median income in South Holland?

The median household income in South Holland is $87,378 per year (2023 ACS 5-year estimates).

What is the sales tax in South Holland, IL?

The combined state and local sales tax rate in South Holland is 8.7%. The Illinois state income tax top rate is 5.0%.

Is South Holland, IL affordable?

South Holland is near the national average in terms of cost of living, with an index of 98 (100 = US average).

South Holland at a Glance

Population
21,016
Median Income
$87,378
Home Value
$201,200
Median Rent
$1,914/mo
Unemployment
10.1%
Sales Tax
8.7%
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🗺️ County data for Illinois

Explore county-level cost of living data

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