Palos Heights, IL

Yes — Palos Heights is about 18% more expensive than the national average, with an overall Cost Index of 118. Housing is the biggest factor: the typical home here is valued around $381,277, and monthly rents average roughly $2,138. Day-to-day costs like groceries and utilities tend to run higher than average as well.

Start with housing. Typical monthly rent is $2,138, while local median household income is $107,974. That implies a rent-burden proxy of about 24% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

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 $381,277, that translates to roughly $7,892 per year in property taxes. Sales tax (state + local) averages around 8.82% on everyday purchases.

The typical monthly rent in Palos Heights is around $2,138. That's about 59% higher than the $1,348 national median. For comparison, the median home value here is $381,277, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Palos Heights is valued at $381,277. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,928/month for principal and interest alone — before property taxes and insurance. About 95% of residents here own their homes.

Grocery prices in Palos Heights 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.

Palos Heights is a small town with a population of about 11,817. The median age of residents is 51.2, skewing somewhat older — common in established suburban communities. The local poverty rate is 5.85%, well below the national average of 12.4%.