MyNeighborhood

Can you afford to live in Joliet?

Median household income, home values and rent in Joliet, 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 Joliet.

Median household income: $88,026 — +44.4% since 2015 (not adjusted for inflation)

Median gross rent: $1,237/mo — +35.6% since 2015

Median home value, 2015 to 2023

  • 2015: 163900
  • 2023: 248600

Median household income

  • Joliet: 88026
  • Will County: 107799
  • IL: 81702
  • U.S.: 78538

Median gross rent

  • Joliet: 1237
  • Will County: 1413
  • IL: 1227
  • U.S.: 1348

Share of income a typical renter spends on rent: 30.5% — U.S.: 30.2%

What it means

The typical household here earns $88,026 — notably higher than the national figure of $78,538.

The typical renter here spends 30.5% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, income has kept pace with rent here (+44.4% versus +35.6%), before adjusting for inflation.

Sources

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