Cost of Living in Markham, IL
Cost of Living in Markham, IL has an overall index of 86, 14% below the U.S. baseline of 100. The typical home value is $149,751; typical monthly rent is $1,689; and median household income is $52,364.
Cost index: committed city housing/rent inputs and BEA 2024 metro-area price parities. Home value: Zillow ZHVI market signal as of 2026-02. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Typical rent takes a large share of local household income. This describes the local market, not your household.
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Frequently asked questions about Markham
Living in Markham
Is Markham, IL an affordable place to live?+
Yes — everyday expenses in Markham run about 14% below the US average (Cost Index: 86). Housing is especially affordable: the median home is valued around $149,751, compared to the $303,400 national median. Monthly rent is $1,689, versus $1,348 nationally.
How does Markham fit a household housing budget?+
Start with housing. Typical monthly rent is $1,689, while local median household income is $52,364. That implies a rent-burden proxy of about 39% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Markham, IL?+
Illinois uses a flat model; 4.95% is top marginal-rate context. Applying the 2.07% state-level effective owner-occupied proxy to a home worth $149,751 gives a planning estimate near $3,100 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 8.82%.
How much does it cost to rent in Markham, IL?+
The typical monthly rent in Markham is around $1,689. That's about 25% higher than the $1,348 national median. For comparison, the median home value here is $149,751, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Markham, IL?+
The typical home value in Markham is $149,751. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $727/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 72% of residents here own their homes.
Are groceries and utilities expensive in Markham?+
Grocery prices in Markham are noticeably pricier compared to the rest of the US (index: 107, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 84). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Markham, IL like to live in?+
Markham is a small town with a population of about 11,434. The median age of residents is 33.7, which is close to the national median. The local poverty rate is 18.88%, above the national average of 12.4%.