salaryRent is higher than in 58% of U.S. cities. Household incomes are higher than in 95% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (80.3%) are owned, so rentals can be hard to find. It is a highly educated city: 71% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $72,400 a year. That is $35 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 237 of 334 cities from cheapest to most expensive.
How much do households earn in Libertyville?
Share of households by yearly income. 65.1% of households earn $100,000 or more.
Rent by apartment size in Libertyville
| Size | Libertyville | U.S. average |
|---|---|---|
| 1 bedroom | $1,324 | $1,324 |
| 2 bedrooms | $1,891 | $1,509 |
| 3 bedrooms | $2,510 | $1,698 |
| 4 bedrooms | $2,463 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Libertyville 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 Libertyville, so the Illinois figure is shown.
Taxes and bills in Libertyville
Life in Libertyville
Is it cheaper to rent or buy in Libertyville?
Renting is cheaper right now: about $1,743 a month less.
Owning assumes a typical $512,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $51,200 for the down payment.
Frequently asked questions
What is the average rent in Libertyville, IL?
Renting in Libertyville costs a median of about $1,810 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Libertyville?
To keep rent under 30% of income, you need about $72,400 a year, or $35 an hour at a full-time job.
Is Libertyville cheap or expensive?
Libertyville is rated Cheap: rent takes 12.2% of the typical household income of $178,672. It ranks 237th cheapest of 334 Illinois cities we track.
How much are property taxes in Libertyville?
The median homeowner in Libertyville pays $10,000+ a year in property taxes, about 1.95% of the median home value.
Is Libertyville 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 Libertyville?
The median home value in Libertyville is $512,000, about 2.9 times the typical yearly household income.
20,525 people live in Libertyville. Numbers are typical (middle) values.