Cost of Living in Wheeling, IL
Population: 38,495 • 2026 Data
$83,251
Median Household Income
+8% vs national
$1,578
Median Monthly Rent
+17% vs national
$244,600
Median Home Value
-28% vs national
4.3%
Unemployment Rate
Housing in Wheeling
The median home value in Wheeling, IL is $244,600. Monthly rent for a typical unit averages $1,578, while total monthly housing costs (including utilities and insurance) average $1,539.
Rent-to-income ratio: 22.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Wheeling, IL is $83,251. The unemployment rate stands at 4.3%, with a labor force of 22,725 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.