Cost of Living in Lockport, IL
Population: 26,228 • 2026 Data
$113,252
Median Household Income
+46% vs national
$1,503
Median Monthly Rent
+11% vs national
$298,800
Median Home Value
-12% vs national
4.9%
Unemployment Rate
Housing in Lockport
The median home value in Lockport, IL is $298,800. Monthly rent for a typical unit averages $1,503, while total monthly housing costs (including utilities and insurance) average $1,789.
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 Lockport, IL is $113,252. The unemployment rate stands at 4.9%, with a labor force of 15,458 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.