MyNeighborhood

Can you afford to live in Addison?

Median household income, home values and rent in Addison, IL — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Addison.

Median household income: $87,587 — +59.5% since 2015 (not adjusted for inflation)

Median gross rent: $1,238/mo — +35.4% since 2015

Median home value, 2015 to 2023

  • 2015: 225700
  • 2023: 318000

Median household income

  • Addison: 87587
  • DuPage County: 110502
  • IL: 81702
  • U.S.: 78538

Median gross rent

  • Addison: 1238
  • DuPage County: 1628
  • IL: 1227
  • U.S.: 1348

Share of income a typical renter spends on rent: 24.7% — U.S.: 30.2%

What it means

The typical household here earns $87,587 — slightly higher than the national figure of $78,538.

The typical renter here spends 24.7% of household income on rent, below the 30% cost-burden line.

Since 2015, income has kept pace with rent here (+59.5% versus +35.4%), before adjusting for inflation.

Sources

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