Cost of Living in Skokie, IL
Population: 66,427 • 2026 Data
$93,550
Median Household Income
+21% vs national
$1,491
Median Monthly Rent
+11% vs national
$368,600
Median Home Value
+9% vs national
5.3%
Unemployment Rate
Housing in Skokie
The median home value in Skokie, IL is $368,600. Monthly rent for a typical unit averages $1,491, while total monthly housing costs (including utilities and insurance) average $1,598.
Rent-to-income ratio: 19.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Skokie, IL is $93,550. The unemployment rate stands at 5.3%, with a labor force of 33,281 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.