salaryRent is higher than in 79% 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 $91,000 a year. That is $44 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 299 of 334 cities from cheapest to most expensive.
How much do households earn in Schaumburg?
Share of households by yearly income. 36.3% of households earn $100,000 or more.
Rent by apartment size in Schaumburg
| Size | Schaumburg | U.S. average |
|---|---|---|
| Studio | $1,606 | $1,338 |
| 1 bedroom | $1,778 | $1,324 |
| 2 bedrooms | $2,123 | $1,509 |
| 3 bedrooms | $2,473 | $1,698 |
| 4 bedrooms | $2,899 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Schaumburg overall?
Everyday prices in the Chicago-Naperville-Elgin metro area are 4% above the U.S. average (index 103.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Schaumburg
Life in Schaumburg
What jobs pay in Schaumburg
| Job | Median pay | Rent / pay |
|---|---|---|
| Lawyer | $165,660 | 16.5% |
| Pharmacist | $140,880 | 19.4% |
| Software Developer | $134,380 | 20.3% |
| Nurse Practitioner | $131,740 | 20.7% |
| Physician Assistant | $127,940 | 21.3% |
| Operations Manager | $109,390 | 25.0% |
| Police Officer | $107,810 | 25.3% |
| Computer Systems Analyst | $103,490 | 26.4% |
| Plumber | $103,380 | 26.4% |
| Electrician | $102,350 | 26.7% |
| Registered Nurse | $100,490 | 27.2% |
| Dental Hygienist | $100,260 | 27.2% |
| Civil Engineer | $100,160 | 27.3% |
| Firefighter | $82,820 | 33.0% |
| Accountant | $82,360 | 33.1% |
| Carpenter | $80,440 | 33.9% |
| Market Research Analyst | $80,400 | 34.0% |
| Elementary School Teacher | $78,390 | 34.8% |
| Licensed Practical Nurse | $78,070 | 35.0% |
| HVAC Technician | $77,960 | 35.0% |
| Truck Driver | $62,300 | 43.8% |
| Medical Assistant | $47,270 | 57.8% |
| Customer Service Representative | $47,100 | 58.0% |
| Nursing Assistant | $46,940 | 58.2% |
| Warehouse Worker | $40,550 | 67.3% |
| Restaurant Cook | $38,930 | 70.1% |
| Retail Salesperson | $35,820 | 76.2% |
| Cashier | $35,010 | 78.0% |
| Server (Waiter/Waitress) | $31,200 | 87.5% |
Is it cheaper to rent or buy in Schaumburg?
About the same. Renting and owning cost within $18 of each other each month.
Owning assumes a typical $330,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,040 for the down payment.
Frequently asked questions
What is the average rent in Schaumburg, IL?
Renting in Schaumburg costs a median of about $2,275 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Schaumburg?
To keep rent under 30% of income, you need about $91,000 a year, or $44 an hour at a full-time job.
Is Schaumburg cheap or expensive?
Schaumburg is rated OK: rent takes 26.0% of the typical household income of $105,169. It ranks 299th cheapest of 334 Illinois cities we track.
How much are property taxes in Schaumburg?
The median homeowner in Schaumburg pays $6,617 a year in property taxes, about 2.00% of the median home value.
Is Schaumburg more expensive than the national average?
Overall prices in the metro area are 4% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Schaumburg?
The median home value in Schaumburg is $330,400, about 3.1 times the typical yearly household income.
76,868 people live in Schaumburg. Numbers are typical (middle) values.