Cost of Living in Niles, IL
Population: 30,262 • 2026 Data
$78,563
Median Household Income
+2% vs national
$1,247
Median Monthly Rent
-7% vs national
$350,900
Median Home Value
+3% vs national
6.6%
Unemployment Rate
Housing in Niles
The median home value in Niles, IL is $350,900. Monthly rent for a typical unit averages $1,247, while total monthly housing costs (including utilities and insurance) average $1,340.
Rent-to-income ratio: 19.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Niles, IL is $78,563. The unemployment rate stands at 6.6%, with a labor force of 14,730 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.