States › Illinois › Berwyn

Is Berwyn, IL expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,762same as U.S. average
💵 Families earn per year (2026)$84,563about $7,047/month · 3% lower than U.S. average
🔑 House price$299,80010% lower than U.S. average

Rent is higher than in 55% 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 $70,480 a year. That is $34 an hour at a full-time job.

Is rent cheaper than other Illinois cities?

No. Rent here is more expensive than in most of Illinois. It is number 220 of 334 cities from cheapest to most expensive.

Berwyn
$1,762
Mount Prospect
$1,940
Tinley Park
$1,518
Oak Lawn
$1,558
Normal
$1,211
Wheaton
$2,237
Orland Park
$2,124

How much do households earn in Berwyn?

Under $25k
12.6%
$25k–50k
21.5%
$50k–100k
34.9%
$100k–150k
17.7%
$150k+
8.6%

Share of households by yearly income. 26.3% of households earn $100,000 or more.

Rent by apartment size in Berwyn

SizeBerwynU.S. average
Studio$1,153$1,338
1 bedroom$1,097$1,324
2 bedrooms$1,464$1,509
3 bedrooms$1,850$1,698
4 bedrooms$2,241$2,098

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

How expensive is Berwyn 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 Berwyn, so the Illinois figure is shown.

Taxes and bills in Berwyn

🏛️ Property tax$6,805a year · 2.27% of home value · U.S. $3,119
⚡ Electric bill$97a month (typical) · U.S. $156

Life in Berwyn

Commute to work29 minU.S.: 26.4 min
College degree24.2%U.S.: 35.7%
Own their home61.1%U.S.: 65.2%
Below poverty line10.9%U.S.: 12.5%
Unemployment6.9%U.S.: 5.2%

Is it cheaper to rent or buy in Berwyn?

Renting is cheaper right now: about $318 a month less.

Renting
$1,762
Owning
$2,080

Owning assumes a typical $299,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $29,980 for the down payment.

Frequently asked questions

What is the average rent in Berwyn, IL?

Renting in Berwyn costs a median of about $1,762 a month in 2026, including utilities. The Illinois median is $1,517.

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

To keep rent under 30% of income, you need about $70,480 a year, or $34 an hour at a full-time job.

Is Berwyn cheap or expensive?

Berwyn is rated OK: rent takes 25.0% of the typical household income of $84,563. It ranks 220th cheapest of 334 Illinois cities we track.

How much are property taxes in Berwyn?

The median homeowner in Berwyn pays $6,805 a year in property taxes, about 2.27% of the median home value.

Is Berwyn 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 Berwyn?

The median home value in Berwyn is $299,800, about 3.5 times the typical yearly household income.

55,595 people live in Berwyn. Numbers are typical (middle) values.