States › Illinois › Carpentersville

Is Carpentersville, IL expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7232% lower than U.S. average
💵 Families earn per year (2026)$93,740about $7,812/month · 8% higher than U.S. average
🔑 House price$234,10030% lower than U.S. average

Rent is higher than in 53% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $68,920 a year. That is $33 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 214 of 334 cities from cheapest to most expensive.

Carpentersville
$1,723
Hanover Park
$1,735
Oswego
$3,077
Wheeling
$2,135
Rock Island
$994
Park Ridge
$1,629
Streamwood
$2,925

How much do households earn in Carpentersville?

Under $25k
8.5%
$25k–50k
21.5%
$50k–100k
40.3%
$100k–150k
18.4%
$150k+
8.4%

Share of households by yearly income. 26.8% of households earn $100,000 or more.

Rent by apartment size in Carpentersville

SizeCarpentersvilleU.S. average
1 bedroom$1,247$1,324
2 bedrooms$1,514$1,509
3 bedrooms$1,767$1,698
4 bedrooms$2,001$2,098

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

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

Taxes and bills in Carpentersville

🏛️ Property tax$5,270a year · 2.25% of home value · U.S. $3,119
⚡ Electric bill$108a month (typical) · U.S. $156

Life in Carpentersville

Commute to work28.2 minU.S.: 26.4 min
College degree24.3%U.S.: 35.7%
Own their home71.5%U.S.: 65.2%
Below poverty line10.3%U.S.: 12.5%
Unemployment5.9%U.S.: 5.2%

Is it cheaper to rent or buy in Carpentersville?

Buying is cheaper month to month: about $99 a month less than renting.

Renting
$1,723
Owning
$1,624

Owning assumes a typical $234,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,410 for the down payment.

Frequently asked questions

What is the average rent in Carpentersville, IL?

Renting in Carpentersville costs a median of about $1,723 a month in 2026, including utilities. The Illinois median is $1,517.

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

To keep rent under 30% of income, you need about $68,920 a year, or $33 an hour at a full-time job.

Is Carpentersville cheap or expensive?

Carpentersville is rated OK: rent takes 22.1% of the typical household income of $93,740. It ranks 214th cheapest of 334 Illinois cities we track.

How much are property taxes in Carpentersville?

The median homeowner in Carpentersville pays $5,270 a year in property taxes, about 2.25% of the median home value.

Is Carpentersville 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 Carpentersville?

The median home value in Carpentersville is $234,100, about 2.5 times the typical yearly household income.

37,346 people live in Carpentersville. Numbers are typical (middle) values.