States › Illinois › Hinsdale

Is Hinsdale, IL expensive to live in?

CheapRent takes 10 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,05417% higher than U.S. average
💵 Families earn per year (2026)$250,000+about $20,833/month · 187% higher than U.S. average
🔑 House price$1,053,700217% higher than U.S. average

Rent is higher than in 71% of U.S. cities. Household incomes are higher than in 99% of U.S. cities. A typical house costs about 4.2 years of household income. Commutes are long, about 31.6 minutes each way. Most homes (89.9%) are owned, so rentals can be hard to find. It is a highly educated city: 80.8% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $82,160 a year. That is $40 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 279 of 334 cities from cheapest to most expensive.

Hinsdale
$2,054
$1,153
$1,234

How much do households earn in Hinsdale?

Under $25k
3.6%
$25k–50k
5.7%
$50k–100k
16.3%
$100k–150k
13.3%
$150k+
59.1%

Share of households by yearly income. 72.4% of households earn $100,000 or more.

Rent by apartment size in Hinsdale

SizeHinsdaleU.S. average
1 bedroom$1,612$1,324
2 bedrooms$1,997$1,509
3 bedrooms$2,439$1,698
4 bedrooms$3,500+$2,098

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

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

Taxes and bills in Hinsdale

🏛️ Property tax$10,000+a year · 0.95% of home value · U.S. $3,119
⚡ Electric bill$176a month (typical) · U.S. $156

Life in Hinsdale

Commute to work31.6 minU.S.: 26.4 min
College degree80.8%U.S.: 35.7%
Own their home89.9%U.S.: 65.2%
Below poverty line2.9%U.S.: 12.5%
Unemployment3.2%U.S.: 5.2%

Is it cheaper to rent or buy in Hinsdale?

Renting is cheaper right now: about $5,257 a month less.

Renting
$2,054
Owning
$7,311

Owning assumes a typical $1,053,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $105,370 for the down payment.

Frequently asked questions

What is the average rent in Hinsdale, IL?

Renting in Hinsdale costs a median of about $2,054 a month in 2026, including utilities. The Illinois median is $1,517.

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

To keep rent under 30% of income, you need about $82,160 a year, or $40 an hour at a full-time job.

Is Hinsdale cheap or expensive?

Hinsdale is rated Cheap: rent takes 9.9% of the typical household income of $250,000+. It ranks 279th cheapest of 334 Illinois cities we track.

How much are property taxes in Hinsdale?

The median homeowner in Hinsdale pays $10,000+ a year in property taxes, about 0.95% of the median home value.

Is Hinsdale 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 Hinsdale?

The median home value in Hinsdale is $1,053,700, about 4.2 times the typical yearly household income.

17,175 people live in Hinsdale. Numbers are typical (middle) values.