Cost of Living in Highland Park, IL
Population: 30,229 • 2026 Data
$161,875
Median Household Income
+109% vs national
$1,903
Median Monthly Rent
+41% vs national
$594,400
Median Home Value
+75% vs national
3.3%
Unemployment Rate
Housing in Highland Park
The median home value in Highland Park, IL is $594,400. Monthly rent for a typical unit averages $1,903, while total monthly housing costs (including utilities and insurance) average $2,700.
Rent-to-income ratio: 14.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Highland Park, IL is $161,875. The unemployment rate stands at 3.3%, with a labor force of 15,379 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.