Cost of Living in Waukegan, IL
Population: 88,919 • 2026 Data
$70,578
Median Household Income
-9% vs national
$1,163
Median Monthly Rent
-14% vs national
$177,600
Median Home Value
-48% vs national
5.3%
Unemployment Rate
Housing in Waukegan
The median home value in Waukegan, IL is $177,600. Monthly rent for a typical unit averages $1,163, while total monthly housing costs (including utilities and insurance) average $1,167.
Rent-to-income ratio: 19.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Waukegan, IL is $70,578. The unemployment rate stands at 5.3%, with a labor force of 47,697 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.