States › Illinois › Rolling Meadows

Is Rolling Meadows, IL expensive to live in?

OKRent takes 28 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,48642% higher than U.S. average
💵 Families earn per year (2026)$106,247about $8,854/month · 22% higher than U.S. average
🔑 House price$326,2002% lower than U.S. average

Rent is higher than in 85% of U.S. cities. A typical house costs about 3.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $99,440 a year. That is $48 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 309 of 334 cities from cheapest to most expensive.

Rolling Meadows
$2,486
Collinsville
$877
Kankakee
$1,179
Elmwood Park
$1,451
South Elgin
$1,664
Westmont
$1,969
Yorkville
$1,838

How much do households earn in Rolling Meadows?

Under $25k
11.2%
$25k–50k
14.2%
$50k–100k
35.2%
$100k–150k
20.4%
$150k+
16.2%

Share of households by yearly income. 36.6% of households earn $100,000 or more.

Rent by apartment size in Rolling Meadows

SizeRolling MeadowsU.S. average
Studio$1,527$1,338
1 bedroom$1,545$1,324
2 bedrooms$1,735$1,509
3 bedrooms$2,309$1,698

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

How expensive is Rolling Meadows 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 Rolling Meadows, so the Illinois figure is shown.

Taxes and bills in Rolling Meadows

🏛️ Property tax$6,636a year · 2.03% of home value · U.S. $3,119
⚡ Electric bill$93a month (typical) · U.S. $156

Life in Rolling Meadows

Commute to work25.5 minU.S.: 26.4 min
College degree43.7%U.S.: 35.7%
Own their home71.8%U.S.: 65.2%
Below poverty line8.5%U.S.: 12.5%
Unemployment3.9%U.S.: 5.2%

Is it cheaper to rent or buy in Rolling Meadows?

Buying is cheaper month to month: about $223 a month less than renting.

Renting
$2,486
Owning
$2,263

Owning assumes a typical $326,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $32,620 for the down payment.

Frequently asked questions

What is the average rent in Rolling Meadows, IL?

Renting in Rolling Meadows costs a median of about $2,486 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in Rolling Meadows?

To keep rent under 30% of income, you need about $99,440 a year, or $48 an hour at a full-time job.

Is Rolling Meadows cheap or expensive?

Rolling Meadows is rated OK: rent takes 28.1% of the typical household income of $106,247. It ranks 309th cheapest of 334 Illinois cities we track.

How much are property taxes in Rolling Meadows?

The median homeowner in Rolling Meadows pays $6,636 a year in property taxes, about 2.03% of the median home value.

Is Rolling Meadows 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 Rolling Meadows?

The median home value in Rolling Meadows is $326,200, about 3.1 times the typical yearly household income.

24,027 people live in Rolling Meadows. Numbers are typical (middle) values.