Cost of Living in Downers Grove, IL
Population: 49,867 • 2026 Data
$119,649
Median Household Income
+55% vs national
$1,589
Median Monthly Rent
+18% vs national
$439,000
Median Home Value
+29% vs national
3.9%
Unemployment Rate
Housing in Downers Grove
The median home value in Downers Grove, IL is $439,000. Monthly rent for a typical unit averages $1,589, while total monthly housing costs (including utilities and insurance) average $1,783.
Rent-to-income ratio: 15.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Downers Grove, IL is $119,649. The unemployment rate stands at 3.9%, with a labor force of 27,215 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.