salaryRent is higher than in 82% of U.S. cities. A typical house costs about 3.2 years of household income. Most homes (85.2%) are owned, so rentals can be hard to find. It is a highly educated city: 55.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $95,720 a year. That is $46 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 304 of 334 cities from cheapest to most expensive.
How much do households earn in Morton Grove?
Share of households by yearly income. 44.3% of households earn $100,000 or more.
Rent by apartment size in Morton Grove
| Size | Morton Grove | U.S. average |
|---|---|---|
| 1 bedroom | $1,041 | $1,324 |
| 2 bedrooms | $2,332 | $1,509 |
| 3 bedrooms | $3,037 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Morton Grove 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 Morton Grove, so the Illinois figure is shown.
Taxes and bills in Morton Grove
Life in Morton Grove
Is it cheaper to rent or buy in Morton Grove?
Renting is cheaper right now: about $307 a month less.
Owning assumes a typical $389,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,910 for the down payment.
Frequently asked questions
What is the average rent in Morton Grove, IL?
Renting in Morton Grove costs a median of about $2,393 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Morton Grove?
To keep rent under 30% of income, you need about $95,720 a year, or $46 an hour at a full-time job.
Is Morton Grove cheap or expensive?
Morton Grove is rated OK: rent takes 24.0% of the typical household income of $119,839. It ranks 304th cheapest of 334 Illinois cities we track.
How much are property taxes in Morton Grove?
The median homeowner in Morton Grove pays $8,109 a year in property taxes, about 2.08% of the median home value.
Is Morton Grove 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 Morton Grove?
The median home value in Morton Grove is $389,100, about 3.2 times the typical yearly household income.
24,619 people live in Morton Grove. Numbers are typical (middle) values.