Elmwood Park, IL
Discover how far your salary goes in Elmwood Park. Compare taxes, rent, and living costs.
24,521
5.0%
$1,463
/month
+5%
above avg
How far would your salary go in Elmwood Park?
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Rent Prices in Elmwood Park
Studio
$1,170
/month
$14,040/year
1 Bedroom
$1,463
/month
$17,556/year
2 Bedroom
$1,975
/month
$23,700/year
3 Bedroom
$2,560
/month
$30,720/year
Taxes in Illinois
State Income Tax
Illinois
For a $100k salary, that's ~$4,950/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
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Frequently Asked Questions
What is the cost of living in Elmwood Park, IL?▼
Elmwood Park has a cost of living index of 125, which is 25% above the national average. A 1-bedroom apartment costs around $1,463/month.
What is the state income tax in Illinois?▼
Illinois has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.
How much is rent in Elmwood Park?▼
The median rent for a 1-bedroom apartment in Elmwood Park is $1,463/month. For a 2-bedroom, expect to pay around $1,975/month. This is 5% above the national average.
Is Elmwood Park a good place to live?▼
Elmwood Park is a town with a population of 24,521. The cost of living is above average, making it more expensive than average for the US.
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