Cost of Living in Lockport, IL: Rent, Income & Home Prices

CheapRent takes 16 cents of every $1 people earn here.

🏠 Rent per month (2026)$1,5999% lower than U.S. average

💵 Families earn per year (2026)$120,772about $10,064/month · 39% higher than U.S. average

🔑 House price$316,0005% lower than U.S. average

Rent is lower than in 53% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 35.3 minutes each way. Most homes (84.6%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $63,960 a year. That is $31 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 186 of 334 cities from cheapest to most expensive.

Lockport

$1,599

$1,837

$697

$1,401

$1,043

$1,210

$2,695

How much do households earn in Lockport?

Under $25k

6.5%

$25k–50k

14.4%

$50k–100k

30.1%

$100k–150k

26.1%

$150k+

19.3%

Share of households by yearly income. 45.4% of households earn $100,000 or more.

Rent by apartment size in Lockport

Size	Lockport	U.S. average
1 bedroom	$1,197	$1,324
2 bedrooms	$1,544	$1,509
3 bedrooms	$2,097	$1,698

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

How expensive is Lockport overall?

Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).

Housing

Goods (food, clothes…)

104

Utilities

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 Lockport, so the Illinois figure is shown.

Taxes and bills in Lockport

🏛️ Property tax$7,909a year · 2.50% of home value · U.S. $3,119

⚡ Electric bill$123a month (typical) · U.S. $156

Life in Lockport

Commute to work35.3 minU.S.: 26.4 min

College degree44.5%U.S.: 35.7%

Own their home84.6%U.S.: 65.2%

Below poverty line6.8%U.S.: 12.5%

Unemployment4.7%U.S.: 5.2%

Is it cheaper to rent or buy in Lockport?

Renting is cheaper right now: about $594 a month less.

Renting

$1,599

Owning

$2,193

Owning assumes a typical $316,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $31,600 for the down payment.

Frequently asked questions

What is the average rent in Lockport, IL?

Renting in Lockport costs a median of about $1,599 a month in 2026, including utilities. The Illinois median is $1,517.

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

To keep rent under 30% of income, you need about $63,960 a year, or $31 an hour at a full-time job.

Is Lockport cheap or expensive?

Lockport is rated Cheap: rent takes 15.9% of the typical household income of $120,772. It ranks 186th cheapest of 334 Illinois cities we track.

How much are property taxes in Lockport?

The median homeowner in Lockport pays $7,909 a year in property taxes, about 2.50% of the median home value.

Is Lockport 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 Lockport?

The median home value in Lockport is $316,000, about 2.6 times the typical yearly household income.

26,409 people live in Lockport. Numbers are typical (middle) values.

Is Lockport, IL expensive to live in?