salaryRent is lower than in 62% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (78.4%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $57,200 a year. That is $28 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 149 of 334 cities from cheapest to most expensive.
How much do households earn in Bellwood?
Share of households by yearly income. 20.8% of households earn $100,000 or more.
Rent by apartment size in Bellwood
| Size | Bellwood | U.S. average |
|---|---|---|
| 1 bedroom | $1,195 | $1,324 |
| 2 bedrooms | $1,461 | $1,509 |
| 3 bedrooms | $1,552 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Bellwood overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Bellwood, so the Illinois figure is shown.
Taxes and bills in Bellwood
Life in Bellwood
Is it cheaper to rent or buy in Bellwood?
Renting is cheaper right now: about $166 a month less.
Owning assumes a typical $230,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,000 for the down payment.
Frequently asked questions
What is the average rent in Bellwood, IL?
Renting in Bellwood costs a median of about $1,430 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Bellwood?
To keep rent under 30% of income, you need about $57,200 a year, or $28 an hour at a full-time job.
Is Bellwood cheap or expensive?
Bellwood is rated OK: rent takes 20.0% of the typical household income of $85,755. It ranks 149th cheapest of 334 Illinois cities we track.
How much are property taxes in Bellwood?
The median homeowner in Bellwood pays $5,866 a year in property taxes, about 2.55% of the median home value.
Is Bellwood 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 Bellwood?
The median home value in Bellwood is $230,000, about 2.7 times the typical yearly household income.
18,256 people live in Bellwood. Numbers are typical (middle) values.