Palos Hills, IL

Living costs in Palos Hills land close to the national average, with a Cost Index of 96 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $275,355, and typical monthly rents run around $1,267. Groceries and utilities are slightly above what you would find in most US cities.

Start with housing. Typical monthly rent is $1,267, while local median household income is $83,969. That implies a rent-burden proxy of about 18% 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 $275,355, that translates to roughly $5,700 per year in property taxes. Sales tax (state + local) averages around 8.82% on everyday purchases.

The typical monthly rent in Palos Hills is around $1,267. That's close to the $1,348 national median. For comparison, the median home value here is $275,355, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Palos Hills is valued at $275,355. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,392/month for principal and interest alone — before property taxes and insurance. About 80% of residents here own their homes.

Grocery prices in Palos Hills 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 Hills is a small town with a population of about 18,139. The median age of residents is 42.5, skewing somewhat older — common in established suburban communities. The local poverty rate is 9.17%, near the national average of 12.4%.