Cost of Living in New Lenox, IL
Population: 27,456 • 2026 Data
$133,071
Median Household Income
+72% vs national
$1,244
Median Monthly Rent
-8% vs national
$377,500
Median Home Value
+11% vs national
2.9%
Unemployment Rate
Housing in New Lenox
The median home value in New Lenox, IL is $377,500. Monthly rent for a typical unit averages $1,244, while total monthly housing costs (including utilities and insurance) average $2,101.
Rent-to-income ratio: 11.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in New Lenox, IL is $133,071. The unemployment rate stands at 2.9%, with a labor force of 14,561 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.