Cost of Living in Joliet, IL
Population: 149,785 • 2026 Data
$88,026
Median Household Income
+14% vs national
$1,237
Median Monthly Rent
-8% vs national
$248,600
Median Home Value
-27% vs national
5.8%
Unemployment Rate
Housing in Joliet
The median home value in Joliet, IL is $248,600. Monthly rent for a typical unit averages $1,237, while total monthly housing costs (including utilities and insurance) average $1,472.
Rent-to-income ratio: 16.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Joliet, IL is $88,026. The unemployment rate stands at 5.8%, with a labor force of 79,879 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.