salaryRent is higher than in 56% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (76.1%) are owned, so rentals can be hard to find. It is a highly educated city: 56.7% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $71,280 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 225 of 334 cities from cheapest to most expensive.
How much do households earn in Gurnee?
Share of households by yearly income. 48.3% of households earn $100,000 or more.
Rent by apartment size in Gurnee
| Size | Gurnee | U.S. average |
|---|---|---|
| Studio | $1,189 | $1,338 |
| 1 bedroom | $1,730 | $1,324 |
| 2 bedrooms | $1,925 | $1,509 |
| 3 bedrooms | $2,426 | $1,698 |
| 4 bedrooms | $3,010 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Gurnee 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 Gurnee, so the Illinois figure is shown.
Taxes and bills in Gurnee
Life in Gurnee
Is it cheaper to rent or buy in Gurnee?
Renting is cheaper right now: about $607 a month less.
Owning assumes a typical $344,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $34,430 for the down payment.
Frequently asked questions
What is the average rent in Gurnee, IL?
Renting in Gurnee costs a median of about $1,782 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Gurnee?
To keep rent under 30% of income, you need about $71,280 a year, or $34 an hour at a full-time job.
Is Gurnee cheap or expensive?
Gurnee is rated Cheap: rent takes 16.6% of the typical household income of $129,019. It ranks 225th cheapest of 334 Illinois cities we track.
How much are property taxes in Gurnee?
The median homeowner in Gurnee pays $8,491 a year in property taxes, about 2.47% of the median home value.
Is Gurnee 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 Gurnee?
The median home value in Gurnee is $344,300, about 2.7 times the typical yearly household income.
30,510 people live in Gurnee. Numbers are typical (middle) values.