salaryRent here is among the highest 10% in the country. A typical house costs about 4.2 years of household income. Most homes (83.8%) are owned, so rentals can be hard to find. It is a highly educated city: 56.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $123,560 a year. That is $59 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 325 of 334 cities from cheapest to most expensive.
How much do households earn in Lincolnwood?
Share of households by yearly income. 44.4% of households earn $100,000 or more.
Rent by apartment size in Lincolnwood
| Size | Lincolnwood | U.S. average |
|---|---|---|
| Studio | $3,500+ | $1,338 |
| 1 bedroom | $3,500+ | $1,324 |
| 2 bedrooms | $3,500+ | $1,509 |
| 3 bedrooms | $2,917 | $1,698 |
| 4 bedrooms | $3,432 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lincolnwood 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 Lincolnwood, so the Illinois figure is shown.
Taxes and bills in Lincolnwood
Life in Lincolnwood
Is it cheaper to rent or buy in Lincolnwood?
Renting is cheaper right now: about $355 a month less.
Owning assumes a typical $496,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $49,640 for the down payment.
Frequently asked questions
What is the average rent in Lincolnwood, IL?
Renting in Lincolnwood costs a median of about $3,089 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Lincolnwood?
To keep rent under 30% of income, you need about $123,560 a year, or $59 an hour at a full-time job.
Is Lincolnwood cheap or expensive?
Lincolnwood is rated Expensive: rent takes 31.3% of the typical household income of $118,345. It ranks 325th cheapest of 334 Illinois cities we track.
How much are property taxes in Lincolnwood?
The median homeowner in Lincolnwood pays $10,000+ a year in property taxes, about 2.01% of the median home value.
Is Lincolnwood 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 Lincolnwood?
The median home value in Lincolnwood is $496,400, about 4.2 times the typical yearly household income.
13,112 people live in Lincolnwood. Numbers are typical (middle) values.