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City Housing Verdict

Bourbonnais, IL

Manageable

Your dollar goes further in Bourbonnais, IL — everyday costs run about 12% below the national average (Cost Index: 88). Housing is especially affordable: the median home is valued at $242,600, well under the $303,400 US median. The local median household income of $81,017 tends to stretch further here than in most parts of the country.

Bourbonnais looks comparatively manageable for household relocation, with 17% rent burden, 3x home-price-to-income, and a housing index of 80. Use the assumptions below to test whether your own budget still stays in the safe range.Data Sources: U.S. Census Bureau ACS 2023 · BEA RPP 2023 · Zillow ZHVI

Data Updated: March 2026
Housing Feasibility Verdict
Safe

Based on your household income, housing mode, local rent, home value, property tax, and mortgage assumptions for Bourbonnais.

Monthly Housing
$1,132/mo
Lower of rent or buy scenario
Housing Burden
17%
Healthy
Residual Cash
$5,119/mo
After housing and debt · $1,706/person
Rent vs Buy
Buying can be tested
Main pressure: property tax
Assumptions
Housing Mode
Confidence: MediumHome source: ACSRent source: ACSBEA proxy: msaHousehold size: 3Down payment: 20%Fixed burden: 24%
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Cost Index
88
Affordable
Based on housing costs · See methodology
Median Home Value
$242,600
Source: Census ACS
National: $303,400
Median Rent
$1,132/mo
Source: Census ACS
National: $1,348/mo
Household Income
$81,017
National: $78,538
Population
18,109
Purchasing Power
117
100 = national baseline

Cost of Living Breakdown

Each index uses 100 as the US national average. A score of 150 means 50% more expensive; 80 means 20% cheaper.

Housing Cost Index
80 / 100
20% below average
Rent Index
84 / 100
16% below average
Goods & Groceries
94 / 100
6% cheaper than average
Utilities
89 / 100
11% lower utility bills
Healthcare & Services
100 / 100
In line with national average
Overall Index
88
Affordable · 12% below average

Bourbonnais Mortgage Calculator

Pre-filled with the local median home value of $242,600 and Illinois's property tax rate of 2.07%.

Household Housing Budget

Local median household income is shown only as a place-side affordability input. Personal salary, filing status, and take-home pay analysis belong in salary.city.

Local Household Income
$81,017
Census ACS place context
Rent Burden Estimate
17%
Typical annual rent / local household income
Home Price to Income
3x
Typical home value / local household income
Use this section to judge whether Bourbonnais looks structurally manageable for a household budget. For a specific job offer, filing status, payroll taxes, or salary equivalence across cities, run the income-side decision in salary.city.

Property Tax in Bourbonnais, IL

Est. Annual Property Tax
$5,022
Monthly Impact
$419
Added to your mortgage
Effective Rate
2.07%
National avg: ~1.00%

Illinois Place Tax Context

Tax TypeIllinoisNational Avg
Property Tax Rate2.07%1.00%
Top Income Tax Rate4.95%~5.0%
State Sales Tax8.82%~5.0%

Compare Bourbonnais to Another City

Compare place-side costs such as housing, rent, groceries, utilities, services, and tax context.

Cost of Living Comparison

Compare place-side housing, rent, goods, services, and utility pressure between cities.

Bourbonnais, IL
88
84
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Bourbonnais, IL: 80
Rent Prices
84

FAQ: Living in Bourbonnais

Is Bourbonnais, IL an affordable place to live?+

Yes — everyday expenses in Bourbonnais run about 12% below the US average (Cost Index: 88). Housing is especially affordable: the median home is valued around $242,600, compared to the $303,400 national median. Monthly rent is typically around $1,132, versus $1,348 nationally.

How does Bourbonnais fit a household housing budget?+

Start with housing. Typical monthly rent is $1,132, while local median household income is $81,017. That implies a rent-burden proxy of about 17% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

How much are taxes in Bourbonnais, IL?+

Illinois has a progressive state income tax with a top rate of 4.95%. The effective property tax rate is 2.07%. On a home worth $242,600, that translates to roughly $5,022 per year in property taxes. Sales tax (state + local) averages around 8.82% on everyday purchases.

How much does it cost to rent in Bourbonnais, IL?+

The typical monthly rent in Bourbonnais is around $1,132. That's roughly 16% lower than the $1,348 national median. For comparison, the median home value here is $242,600, so buyers should also factor in mortgage payments, property taxes, and insurance.

How much does a house cost in Bourbonnais, IL?+

The median home in Bourbonnais is valued at $242,600. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,227/month for principal and interest alone — before property taxes and insurance. About 70% of residents here own their homes.

Are groceries and utilities expensive in Bourbonnais?+

Grocery prices in Bourbonnais are more affordable compared to the rest of the US (index: 94, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 89). Both help keep your monthly expenses lower than in many parts of the country.

What is Bourbonnais, IL like to live in?+

Bourbonnais is a small town with a population of about 18,109. The median age of residents is 34.6, which is close to the national median. The local poverty rate is 9.7%, near the national average of 12.4%.

Lower-Pressure Alternatives in Illinois

If Bourbonnais feels tight, start with these same-state cities that look easier on rent burden or buy-side pressure.

Higher-Pressure Comparisons in Illinois

Use these city pages when you want to compare Bourbonnais against tougher same-state markets before deciding whether the current city is already a stretch.

LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
Data Sources & Methodology
  • Real Estate & Housing: Zillow Home Value Index (ZHVI, Smoothed & Seasonally Adjusted) and Zillow Observed Rent Index (ZORI). Structural fallback utilizes U.S. Census Bureau ACS 5-Year Estimates.
  • Goods, Utilities & Services: U.S. Bureau of Economic Analysis (BEA) Metropolitan Area Regional Price Parities (MARPP), incorporating verified State Nonmetropolitan averages.
  • Mortgage Rates: Freddie Mac 30-Year Fixed Rate Mortgage Average in the United States (PMMS) via Federal Reserve Economic Data (FRED).
  • Tax Context: State-level property, sales, and income-tax context used for place-side relocation planning. Personal take-home pay and offer analysis are handled by salary.city.
  • Index Methodology: Weighting matrix derived from Bureau of Labor Statistics (BLS) Consumer Expenditure Surveys (CEX) distributional models. Baseline standardized at 100. (Read methodology details)
Last data update: March 2026 · Mortgage rates updated monthly