salaryRent is lower than in 61% of U.S. cities. A typical house costs about 3.4 years of household income. Commutes are long, about 32.2 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $58,040 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 155 of 334 cities from cheapest to most expensive.
How much do households earn in Elmwood Park?
Share of households by yearly income. 33.9% of households earn $100,000 or more.
Rent by apartment size in Elmwood Park
| Size | Elmwood Park | U.S. average |
|---|---|---|
| Studio | $1,374 | $1,338 |
| 1 bedroom | $1,335 | $1,324 |
| 2 bedrooms | $1,445 | $1,509 |
| 3 bedrooms | $1,889 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Elmwood Park 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 Elmwood Park, so the Illinois figure is shown.
Taxes and bills in Elmwood Park
Life in Elmwood Park
Is it cheaper to rent or buy in Elmwood Park?
Renting is cheaper right now: about $903 a month less.
Owning assumes a typical $339,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,930 for the down payment.
Frequently asked questions
What is the average rent in Elmwood Park, IL?
Renting in Elmwood Park costs a median of about $1,451 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Elmwood Park?
To keep rent under 30% of income, you need about $58,040 a year, or $28 an hour at a full-time job.
Is Elmwood Park cheap or expensive?
Elmwood Park is rated Cheap: rent takes 17.6% of the typical household income of $99,173. It ranks 155th cheapest of 334 Illinois cities we track.
How much are property taxes in Elmwood Park?
The median homeowner in Elmwood Park pays $7,029 a year in property taxes, about 2.07% of the median home value.
Is Elmwood Park 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 Elmwood Park?
The median home value in Elmwood Park is $339,300, about 3.4 times the typical yearly household income.
23,868 people live in Elmwood Park. Numbers are typical (middle) values.