How much rent can you afford in Highland Park, IL?
Run your salary against Highland Park's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Highland Park
At a median rent of $3,147/mo, Highland Park is very affordable when measured against Highland Park median household income of $168,094/yr. Rent would consume roughly 22% of pre-tax income, and a salary of about $125,880 keeps rent at the recommended 30% threshold.
How Highland Park compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Highland Park?
On a $168,094 salary (the Highland Park median household income), the recommended ceiling is 30% of pre-tax income, or about $4,202/mo. Highland Park's median rent is $3,147/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Highland Park?
To keep Highland Park's $3,147/mo median rent under 30% of income, you'd need about $125,880/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Highland Park affordable on the median Illinois income?
Highland Park is very affordable on a $168,094 income. Rent would take 22% of pre-tax pay, inside 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".