Financial Guide

Cost of Living in Will County

Will County offers significant savings compared to Chicago and Cook County suburbs. Get the complete breakdown of what to expect when budgeting for life in Will County.

The Bottom Line

Will County's cost of living is approximately 8-12% lower than the Chicago metro average, with housing being the biggest savings driver. A family earning $85,000 can live comfortably while building equity in a home.

Will County vs. Chicago Metro

Housing
Will County -25%
Chicago Metro Baseline
Groceries
Will County -5%
Chicago Metro Baseline
Utilities
Will County -8%
Chicago Metro Baseline
Transportation
Will County +5%
Chicago Metro Baseline

Transportation costs are slightly higher due to car dependency, but overall savings are significant.

Housing Costs

The biggest financial advantage of living in Will County

Buying a Home

Median Home Price $285,000 - $350,000
  • Joliet: $180,000 - $250,000
  • Romeoville: $250,000 - $320,000
  • Plainfield: $320,000 - $380,000
  • Mokena: $350,000 - $420,000
  • Frankfort: $400,000 - $550,000

Compare: Cook County median is $350,000+

Renting

Average Monthly Rent $1,200 - $1,800
  • 1-Bedroom Apartment: $1,100 - $1,400
  • 2-Bedroom Apartment: $1,300 - $1,700
  • 3-Bedroom House: $1,600 - $2,200
  • Townhome: $1,400 - $1,900

Compare: Chicago 2BR average is $1,900+

Property Taxes

Effective Tax Rate 2.2% - 2.8%

Property tax rates vary by municipality and school district. A $300,000 home typically pays $6,600 - $8,400 annually in property taxes.

Complete Property Tax Guide →

Monthly Budget Breakdown

Typical expenses for a family of four in Will County

Expense Category Monthly Cost Annual Cost Notes
Housing (Mortgage) $1,800 - $2,400 $21,600 - $28,800 Based on $300k home, 20% down
Property Taxes $550 - $700 $6,600 - $8,400 Included in escrow for most
Utilities $250 - $350 $3,000 - $4,200 Electric, gas, water, trash
Groceries $800 - $1,000 $9,600 - $12,000 Family of 4
Transportation $600 - $900 $7,200 - $10,800 2 cars, gas, insurance, maintenance
Healthcare $400 - $600 $4,800 - $7,200 Insurance premiums + out-of-pocket
Childcare (if applicable) $800 - $1,500 $9,600 - $18,000 Per child, varies by age
Internet/Phone $150 - $200 $1,800 - $2,400 High-speed internet + cell plans
Total (without childcare) $4,550 - $6,150 $54,600 - $73,800

Income Needed

Based on the 28% housing rule, a household income of $75,000 - $100,000 provides comfortable living in Will County with room for savings and entertainment. The county's median household income of $85,000 aligns well with these costs.

Utility Costs

What to budget for monthly utilities

Electricity

$100 - $180/mo

ComEd serves Will County. Higher in summer with AC. Average home uses 800-1200 kWh.

🔥

Natural Gas

$50 - $150/mo

Nicor Gas is the main provider. Higher in winter for heating. Budget $80-200 in cold months.

💧

Water & Sewer

$50 - $80/mo

Municipal water systems. Rates vary by town. Some areas have well water.

🗑️

Trash & Recycling

$25 - $40/mo

Private haulers in most areas. Some municipalities include in taxes.

Transportation Costs

Will County requires car ownership for most residents

Car Ownership

  • Gas: $150-250/month (depending on commute)
  • Insurance: $100-150/month per vehicle
  • Maintenance: $50-100/month average
  • Registration: $151/year

Most households need 2 vehicles due to limited public transit.

Metra Commuting

  • Monthly Pass: $170-215 (Zone F-H)
  • Parking: $0-50/month at stations
  • Lines: Rock Island, Heritage Corridor, SouthWest Service

Metra can reduce costs if you work in downtown Chicago.

Tollway Costs

  • I-Pass: Required for regular commuters
  • I-355: $2-4 each way
  • I-88: $2-5 each way
  • Monthly toll budget: $80-200 for Chicago commuters

I-55 and I-80 are toll-free through most of Will County.

Groceries & Dining

Food costs in Will County

🛒

Grocery Stores

Major chains include Jewel-Osco, Mariano's, Walmart, Aldi, and Costco. Monthly grocery bill for family of 4: $800-1,000.

🍽️

Dining Out

Restaurant prices are comparable to Chicago suburbs. Casual dining: $15-25/person. Fast food: $8-12. Fine dining: $40-60+.

🥬

Farmers Markets

Seasonal markets in most towns offer fresh produce at competitive prices. Popular in Joliet, Plainfield, and Lockport.

Tax Considerations

Illinois State Taxes

Illinois has a flat state income tax of 4.95%. This applies regardless of which county you live in. Will County does not have additional local income taxes.

Sales Tax

Sales tax in Will County ranges from 7.0% to 8.25% depending on municipality. Lower than Chicago's 10.25% rate.

Property Tax Exemptions

Will County offers several property tax exemptions:

  • Homestead Exemption: $6,000 reduction for primary residence
  • Senior Citizen Exemption: Additional $5,000 for 65+
  • Senior Freeze: Freezes assessed value for qualifying seniors
  • Disabled Persons Exemption: $2,000 reduction
  • Veterans Exemption: Various exemptions for veterans
Property Tax Guide

Annual Savings vs. Cook County

Housing $6,000 - $15,000
Property Taxes $1,000 - $3,000
Sales Tax $500 - $1,000
Estimated Total $7,500 - $19,000/year

Actual savings depend on lifestyle, housing choices, and commuting patterns.

Ready to Make the Move?

Explore neighborhoods, schools, and resources to plan your relocation to Will County.