How much rent can you afford in Hazel Crest, IL?
Run your salary against Hazel Crest's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Hazel Crest
At a median rent of $2,503/mo, Hazel Crest is stretched for most renters when measured against Hazel Crest median household income of $68,393/yr. Rent would consume roughly 44% of pre-tax income, and a salary of about $100,120 keeps rent at the recommended 30% threshold.
How Hazel Crest compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Hazel Crest?
On a $68,393 salary (the Hazel Crest median household income), the recommended ceiling is 30% of pre-tax income, or about $1,710/mo. Hazel Crest's median rent is $2,503/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Hazel Crest?
To keep Hazel Crest's $2,503/mo median rent under 30% of income, you'd need about $100,120/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Hazel Crest affordable on the median Illinois income?
Hazel Crest is stretched for most renters on a $68,393 income. Rent would take 44% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".