salaryRent is higher than in 59% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 39.3 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $72,960 a year. That is $35 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 238 of 334 cities from cheapest to most expensive.
How much do households earn in University Park?
Share of households by yearly income. 18.6% of households earn $100,000 or more.
Rent by apartment size in University Park
| Size | University Park | U.S. average |
|---|---|---|
| 1 bedroom | $1,244 | $1,324 |
| 2 bedrooms | $1,522 | $1,509 |
| 3 bedrooms | $1,999 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is University Park 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 University Park, so the Illinois figure is shown.
Taxes and bills in University Park
Life in University Park
Is it cheaper to rent or buy in University Park?
Buying is cheaper month to month: about $761 a month less than renting.
Owning assumes a typical $153,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,320 for the down payment.
Frequently asked questions
What is the average rent in University Park, IL?
Renting in University Park costs a median of about $1,824 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in University Park?
To keep rent under 30% of income, you need about $72,960 a year, or $35 an hour at a full-time job.
Is University Park cheap or expensive?
University Park is rated OK: rent takes 27.5% of the typical household income of $79,641. It ranks 238th cheapest of 334 Illinois cities we track.
How much are property taxes in University Park?
The median homeowner in University Park pays $4,904 a year in property taxes, about 3.20% of the median home value.
Is University Park 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 University Park?
The median home value in University Park is $153,200, about 1.9 times the typical yearly household income.
7,306 people live in University Park. Numbers are typical (middle) values.