Cost of Living in Addison, IL
Population: 35,470 • 2026 Data
$87,587
Median Household Income
+13% vs national
$1,238
Median Monthly Rent
-8% vs national
$318,000
Median Home Value
-6% vs national
4.4%
Unemployment Rate
Housing in Addison
The median home value in Addison, IL is $318,000. Monthly rent for a typical unit averages $1,238, while total monthly housing costs (including utilities and insurance) average $1,332.
Rent-to-income ratio: 17.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Addison, IL is $87,587. The unemployment rate stands at 4.4%, with a labor force of 20,604 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.