salaryRent is higher than in 89% of U.S. cities. A typical house costs about 3.1 years of household income. It is a highly educated city: 67.8% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $107,800 a year. That is $52 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 314 of 334 cities from cheapest to most expensive.
How much do households earn in Vernon Hills?
Share of households by yearly income. 49.3% of households earn $100,000 or more.
Rent by apartment size in Vernon Hills
| Size | Vernon Hills | U.S. average |
|---|---|---|
| Studio | $1,388 | $1,338 |
| 1 bedroom | $2,288 | $1,324 |
| 2 bedrooms | $1,980 | $1,509 |
| 3 bedrooms | $2,499 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Vernon Hills 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 Vernon Hills, so the Illinois figure is shown.
Taxes and bills in Vernon Hills
Life in Vernon Hills
Is it cheaper to rent or buy in Vernon Hills?
Renting is cheaper right now: about $166 a month less.
Owning assumes a typical $412,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $41,230 for the down payment.
Frequently asked questions
What is the average rent in Vernon Hills, IL?
Renting in Vernon Hills costs a median of about $2,695 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Vernon Hills?
To keep rent under 30% of income, you need about $107,800 a year, or $52 an hour at a full-time job.
Is Vernon Hills cheap or expensive?
Vernon Hills is rated OK: rent takes 24.6% of the typical household income of $131,516. It ranks 314th cheapest of 334 Illinois cities we track.
How much are property taxes in Vernon Hills?
The median homeowner in Vernon Hills pays $10,000+ a year in property taxes, about 2.43% of the median home value.
Is Vernon Hills 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 Vernon Hills?
The median home value in Vernon Hills is $412,300, about 3.1 times the typical yearly household income.
26,876 people live in Vernon Hills. Numbers are typical (middle) values.