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Cost of Living in Melrose Park, IL

2025 Affordability Data & Housing Costs

99.9

Cost of Living Index (100 = US Average)

Moderate

Median Home Value

$265,000

Owner-occupied homes (2023 ACS)

Median Household Income

$64,740

Annual (2023 ACS)

Housing Costs

The median home value in Melrose Park is $265,000, which is close to the national average. The home price-to-income ratio is 4.1, indicating moderate affordability.

Income & Purchasing Power

The median household income in Melrose Park is $64,740 annually.

Compare with Other Cities

View all cities in Illinois

Frequently Asked Questions

What is the cost of living index in Melrose Park, IL?

The COL index is 99.9, which is lower than the US average of 100.

What is the median home value in Melrose Park?

The median home value is $265,000.

What is the median rent in Melrose Park?

Data not available.

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