States › Illinois › Park City

Is Park City, IL expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,22830% lower than U.S. average
💵 Families earn per year (2026)$64,894about $5,408/month · 25% lower than U.S. average
🔑 House price$57,40083% lower than U.S. average

Rent is lower than in 74% of 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 $49,120 a year. That is $24 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 98 of 334 cities from cheapest to most expensive.

Park City
$1,228
Broadview
$1,215
West Dundee
$1,720
Round Lake Park
$1,550
South Beloit
$1,075
Silvis
$1,067
Rockton
$1,079

How much do households earn in Park City?

Under $25k
19.6%
$25k–50k
24.8%
$50k–100k
39.5%
$100k–150k
4.1%
$150k+
7.3%

Share of households by yearly income. 11.4% of households earn $100,000 or more.

Rent by apartment size in Park City

SizePark CityU.S. average
Studio$1,062$1,338
1 bedroom$1,097$1,324
2 bedrooms$1,268$1,509
3 bedrooms$1,260$1,698

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

How expensive is Park City 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 Park City, so the Illinois figure is shown.

Taxes and bills in Park City

🏛️ Property tax$199a year · 0.35% of home value · U.S. $3,119
⚡ Electric bill$128a month (typical) · U.S. $156

Life in Park City

Commute to work24.7 minU.S.: 26.4 min
College degree18%U.S.: 35.7%
Own their home62.9%U.S.: 65.2%
Below poverty line9.6%U.S.: 12.5%
Unemployment7.1%U.S.: 5.2%

Is it cheaper to rent or buy in Park City?

Buying is cheaper month to month: about $830 a month less than renting.

Renting
$1,228
Owning
$398

Owning assumes a typical $57,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $5,740 for the down payment.

Frequently asked questions

What is the average rent in Park City, IL?

Renting in Park City costs a median of about $1,228 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in Park City?

To keep rent under 30% of income, you need about $49,120 a year, or $24 an hour at a full-time job.

Is Park City cheap or expensive?

Park City is rated OK: rent takes 22.7% of the typical household income of $64,894. It ranks 98th cheapest of 334 Illinois cities we track.

How much are property taxes in Park City?

The median homeowner in Park City pays $199 a year in property taxes, about 0.35% of the median home value.

Is Park City 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 Park City?

The median home value in Park City is $57,400, about 0.9 times the typical yearly household income.

7,827 people live in Park City. Numbers are typical (middle) values.