Cost of Living in Evanston, IL
Population: 76,552 • 2026 Data
$95,766
Median Household Income
+24% vs national
$1,698
Median Monthly Rent
+26% vs national
$472,300
Median Home Value
+39% vs national
6.3%
Unemployment Rate
Housing in Evanston
The median home value in Evanston, IL is $472,300. Monthly rent for a typical unit averages $1,698, while total monthly housing costs (including utilities and insurance) average $1,898.
Rent-to-income ratio: 21.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Evanston, IL is $95,766. The unemployment rate stands at 6.3%, with a labor force of 40,563 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.