salaryRent here is among the highest 10% in the country. A typical house costs about 3.1 years of household income. Most homes (93.4%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $113,160 a year. That is $54 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 319 of 334 cities from cheapest to most expensive.
How much do households earn in Palos Heights?
Share of households by yearly income. 42.9% of households earn $100,000 or more.
Rent by apartment size in Palos Heights
| Size | Palos Heights | U.S. average |
|---|---|---|
| 1 bedroom | $2,937 | $1,324 |
| 3 bedrooms | $2,488 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Palos Heights 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 Palos Heights, so the Illinois figure is shown.
Taxes and bills in Palos Heights
Life in Palos Heights
Is it cheaper to rent or buy in Palos Heights?
Buying is cheaper month to month: about $282 a month less than renting.
Owning assumes a typical $367,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $36,710 for the down payment.
Frequently asked questions
What is the average rent in Palos Heights, IL?
Renting in Palos Heights costs a median of about $2,829 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Palos Heights?
To keep rent under 30% of income, you need about $113,160 a year, or $54 an hour at a full-time job.
Is Palos Heights cheap or expensive?
Palos Heights is rated OK: rent takes 28.9% of the typical household income of $117,276. It ranks 319th cheapest of 334 Illinois cities we track.
How much are property taxes in Palos Heights?
The median homeowner in Palos Heights pays $7,624 a year in property taxes, about 2.08% of the median home value.
Is Palos Heights 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 Palos Heights?
The median home value in Palos Heights is $367,100, about 3.1 times the typical yearly household income.
12,152 people live in Palos Heights. Numbers are typical (middle) values.