IL · Rank 2 of 50 affordable
Can teachers afford to live in Illinois?
Yes — manageable.
The average Illinois teacher earns $72,345 per year. A typical 2-bedroom rents for about $1,598/mo, which is 27% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$72,345
Cost-of-Living Index
94
US avg = 100
Affordability Score
62/100
Renting in Illinois
2BR Rent / mo
$1,598
Annual Rent
$19,176
% of Salary
27%
Left after rent
$4,431/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Illinois
Median Home Price
$394,800
10% Down
$39,480
P&I (7%, 30yr)
$2,364/mo
Full PITI
$2,841/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.