States › Illinois › Northlake

Is Northlake, IL expensive to live in?

CheapRent takes 11 cents of every $1 people earn here.
🏠 Rent per month (2026)$86351% lower than U.S. average
💵 Families earn per year (2026)$90,478about $7,540/month · 4% higher than U.S. average
🔑 House price$259,80022% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $34,520 a year. That is $17 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 26 of 334 cities from cheapest to most expensive.

Northlake
$863
Richton Park
$1,483
Winnetka
$2,037
Rantoul
$1,333
Effingham
$927
Streator
$942
Justice
$1,723

How much do households earn in Northlake?

Under $25k
14.4%
$25k–50k
14.8%
$50k–100k
46.2%
$100k–150k
15.2%
$150k+
4.7%

Share of households by yearly income. 19.9% of households earn $100,000 or more.

Rent by apartment size in Northlake

SizeNorthlakeU.S. average
Studio$1,077$1,338
1 bedroom$1,080$1,324
2 bedrooms$1,421$1,509
4 bedrooms$2,511$2,098

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

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

Taxes and bills in Northlake

🏛️ Property tax$6,005a year · 2.31% of home value · U.S. $3,119
⚡ Electric bill$99a month (typical) · U.S. $156

Life in Northlake

Commute to work28.5 minU.S.: 26.4 min
College degree14.9%U.S.: 35.7%
Own their home70.6%U.S.: 65.2%
Below poverty line10.9%U.S.: 12.5%
Unemployment5.6%U.S.: 5.2%

Is it cheaper to rent or buy in Northlake?

Renting is cheaper right now: about $940 a month less.

Renting
$863
Owning
$1,803

Owning assumes a typical $259,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,980 for the down payment.

Frequently asked questions

What is the average rent in Northlake, IL?

Renting in Northlake costs a median of about $863 a month in 2026, including utilities. The Illinois median is $1,517.

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

To keep rent under 30% of income, you need about $34,520 a year, or $17 an hour at a full-time job.

Is Northlake cheap or expensive?

Northlake is rated Cheap: rent takes 11.4% of the typical household income of $90,478. It ranks 26th cheapest of 334 Illinois cities we track.

How much are property taxes in Northlake?

The median homeowner in Northlake pays $6,005 a year in property taxes, about 2.31% of the median home value.

Is Northlake 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 Northlake?

The median home value in Northlake is $259,800, about 2.9 times the typical yearly household income.

12,513 people live in Northlake. Numbers are typical (middle) values.