States › Illinois › Addison

Is Addison, IL expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,37721% lower than U.S. average
💵 Families earn per year (2026)$97,530about $8,128/month · 12% higher than U.S. average
🔑 House price$341,3003% higher than U.S. average

Rent is lower than in 65% of U.S. cities. A typical house costs about 3.5 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $55,080 a year. That is $26 an hour at a full-time job.

Is rent cheaper than other Illinois cities?

Yes. Rent here is cheaper than in most of Illinois. It is number 138 of 334 cities from cheapest to most expensive.

Addison
$1,377
Calumet City
$1,163
Rock Island
$994
Oswego
$3,077
Northbrook
$3,500+
Hanover Park
$1,735
Woodridge
$1,757

How much do households earn in Addison?

Under $25k
9.5%
$25k–50k
17.0%
$50k–100k
36.2%
$100k–150k
23.0%
$150k+
10.2%

Share of households by yearly income. 33.2% of households earn $100,000 or more.

Rent by apartment size in Addison

SizeAddisonU.S. average
Studio$1,256$1,338
1 bedroom$1,229$1,324
2 bedrooms$1,458$1,509
3 bedrooms$1,563$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Addison overall?

Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).

Housing
94
Goods (food, clothes…)
104
Utilities
85
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Addison, so the Illinois figure is shown.

Taxes and bills in Addison

🏛️ Property tax$6,662a year · 1.95% of home value · U.S. $3,119
⚡ Electric bill$106a month (typical) · U.S. $156

Life in Addison

Commute to work25.6 minU.S.: 26.4 min
College degree23.7%U.S.: 35.7%
Own their home67%U.S.: 65.2%
Below poverty line8.7%U.S.: 12.5%
Unemployment4.7%U.S.: 5.2%

Is it cheaper to rent or buy in Addison?

Renting is cheaper right now: about $991 a month less.

Renting
$1,377
Owning
$2,368

Owning assumes a typical $341,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $34,130 for the down payment.

Frequently asked questions

What is the average rent in Addison, IL?

Renting in Addison costs a median of about $1,377 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in Addison?

To keep rent under 30% of income, you need about $55,080 a year, or $26 an hour at a full-time job.

Is Addison cheap or expensive?

Addison is rated Cheap: rent takes 16.9% of the typical household income of $97,530. It ranks 138th cheapest of 334 Illinois cities we track.

How much are property taxes in Addison?

The median homeowner in Addison pays $6,662 a year in property taxes, about 1.95% of the median home value.

Is Addison more expensive than the national average?

Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Addison?

The median home value in Addison is $341,300, about 3.5 times the typical yearly household income.

35,489 people live in Addison. Numbers are typical (middle) values.