Cost of Living in Vernon Hills, IL
Population: 26,772 • 2026 Data
$120,625
Median Household Income
+56% vs national
$1,855
Median Monthly Rent
+38% vs national
$384,800
Median Home Value
+13% vs national
3.8%
Unemployment Rate
Housing in Vernon Hills
The median home value in Vernon Hills, IL is $384,800. Monthly rent for a typical unit averages $1,855, while total monthly housing costs (including utilities and insurance) average $1,921.
Rent-to-income ratio: 18.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Vernon Hills, IL is $120,625. The unemployment rate stands at 3.8%, with a labor force of 14,692 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.