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

CheapRent takes 17 cents of every $1 people earn here.

🏠 Rent per month (2026)$1,17133% lower than U.S. average

💵 Families earn per year (2026)$81,183about $6,765/month · 7% lower than U.S. average

🔑 House price$358,7008% higher than U.S. average

Rent is lower than in 78% of U.S. cities. A typical house costs about 4.4 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $46,840 a year. That is $23 an hour at a full-time job.

Is rent cheaper than other Illinois cities?

Yes. Rent here is cheaper than in most of Illinois. It is number 83 of 334 cities from cheapest to most expensive.

Niles

$1,171

$1,673

$2,620

$1,782

$1,712

$1,184

$2,317

How much do households earn in Niles?

Under $25k

9.4%

$25k–50k

25.2%

$50k–100k

29.1%

$100k–150k

16.6%

$150k+

12.9%

Share of households by yearly income. 29.5% of households earn $100,000 or more.

Rent by apartment size in Niles

Size	Niles	U.S. average
Studio	$1,592	$1,338
1 bedroom	$1,252	$1,324
2 bedrooms	$1,505	$1,509
3 bedrooms	$2,118	$1,698
4 bedrooms	$2,027	$2,098

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

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

Taxes and bills in Niles

🏛️ Property tax$6,118a year · 1.71% of home value · U.S. $3,119

⚡ Electric bill$93a month (typical) · U.S. $156

Life in Niles

Commute to work28.3 minU.S.: 26.4 min

College degree39.3%U.S.: 35.7%

Own their home74.6%U.S.: 65.2%

Below poverty line8.5%U.S.: 12.5%

Unemployment6.7%U.S.: 5.2%

Is it cheaper to rent or buy in Niles?

Renting is cheaper right now: about $1,318 a month less.

Renting

$1,171

Owning

$2,489

Owning assumes a typical $358,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $35,870 for the down payment.

Frequently asked questions

What is the average rent in Niles, IL?

Renting in Niles costs a median of about $1,171 a month in 2026, including utilities. The Illinois median is $1,517.

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

To keep rent under 30% of income, you need about $46,840 a year, or $23 an hour at a full-time job.

Is Niles cheap or expensive?

Niles is rated Cheap: rent takes 17.3% of the typical household income of $81,183. It ranks 83rd cheapest of 334 Illinois cities we track.

How much are property taxes in Niles?

The median homeowner in Niles pays $6,118 a year in property taxes, about 1.71% of the median home value.

Is Niles 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 Niles?

The median home value in Niles is $358,700, about 4.4 times the typical yearly household income.

30,064 people live in Niles. Numbers are typical (middle) values.

Is Niles, IL expensive to live in?