salaryRent is lower than in 61% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 32.7 minutes each way. Most homes (76.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $57,960 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 153 of 334 cities from cheapest to most expensive.
How much do households earn in Crestwood?
Share of households by yearly income. 25.3% of households earn $100,000 or more.
Rent by apartment size in Crestwood
| Size | Crestwood | U.S. average |
|---|---|---|
| 1 bedroom | $1,051 | $1,324 |
| 2 bedrooms | $1,514 | $1,509 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Crestwood 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 Crestwood, so the Illinois figure is shown.
Taxes and bills in Crestwood
Life in Crestwood
Is it cheaper to rent or buy in Crestwood?
Buying is cheaper month to month: about $95 a month less than renting.
Owning assumes a typical $195,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,520 for the down payment.
Frequently asked questions
What is the average rent in Crestwood, IL?
Renting in Crestwood costs a median of about $1,449 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Crestwood?
To keep rent under 30% of income, you need about $57,960 a year, or $28 an hour at a full-time job.
Is Crestwood cheap or expensive?
Crestwood is rated OK: rent takes 21.3% of the typical household income of $81,699. It ranks 153rd cheapest of 334 Illinois cities we track.
How much are property taxes in Crestwood?
The median homeowner in Crestwood pays $4,174 a year in property taxes, about 2.14% of the median home value.
Is Crestwood 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 Crestwood?
The median home value in Crestwood is $195,200, about 2.4 times the typical yearly household income.
10,579 people live in Crestwood. Numbers are typical (middle) values.