States › Illinois › Markham

Is Markham, IL expensive to live in?

ExpensiveRent takes 35 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7932% higher than U.S. average
💵 Families earn per year (2026)$61,800about $5,150/month · 29% lower than U.S. average
🔑 House price$135,30059% lower than U.S. average

Rent is higher than in 57% 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 35.7 minutes each way.

How much money do I need?

To rent here comfortably, you should earn about $71,720 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 230 of 334 cities from cheapest to most expensive.

Markham
$1,793
Schiller Park
$1,350
Pontiac
$931
Burr Ridge
$3,500+
Fox Lake
$1,450
Waterloo
$1,891
Columbia
$1,419

How much do households earn in Markham?

Under $25k
14.6%
$25k–50k
28.3%
$50k–100k
28.3%
$100k–150k
15.1%
$150k+
5.6%

Share of households by yearly income. 20.7% of households earn $100,000 or more.

Rent by apartment size in Markham

SizeMarkhamU.S. average
1 bedroom$1,100$1,324
3 bedrooms$1,918$1,698

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

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

Taxes and bills in Markham

🏛️ Property tax$3,683a year · 2.72% of home value · U.S. $3,119
⚡ Electric bill$140a month (typical) · U.S. $156

Life in Markham

Commute to work35.7 minU.S.: 26.4 min
College degree17.7%U.S.: 35.7%
Own their home74.9%U.S.: 65.2%
Below poverty line18%U.S.: 12.5%
Unemployment8.7%U.S.: 5.2%

Is it cheaper to rent or buy in Markham?

Buying is cheaper month to month: about $854 a month less than renting.

Renting
$1,793
Owning
$939

Owning assumes a typical $135,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,530 for the down payment.

Frequently asked questions

What is the average rent in Markham, IL?

Renting in Markham costs a median of about $1,793 a month in 2026, including utilities. The Illinois median is $1,517.

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

To keep rent under 30% of income, you need about $71,720 a year, or $34 an hour at a full-time job.

Is Markham cheap or expensive?

Markham is rated Expensive: rent takes 34.8% of the typical household income of $61,800. It ranks 230th cheapest of 334 Illinois cities we track.

How much are property taxes in Markham?

The median homeowner in Markham pays $3,683 a year in property taxes, about 2.72% of the median home value.

Is Markham 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 Markham?

The median home value in Markham is $135,300, about 2.2 times the typical yearly household income.

11,355 people live in Markham. Numbers are typical (middle) values.