Affordable

What Salary Do You Need to Live in Highland Park?

To afford a 2-bedroom in Highland Park, you need to earn at least $91,760/year based on estimated fair market rent data. The median household income here is $159,567, which means the typical resident is $67,807 above the threshold.

Census ACS Data Pop. 30,209

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,606	$5,353	$64,240	$-95,327
1 Bedroom	$1,904	$6,347	$76,160	$-83,407
2 Bedroom BENCHMARK	$2,294	$7,647	$91,760	$-67,807
3 Bedroom	$2,799	$9,330	$111,960	$-47,607
4 Bedroom	$3,441	$11,470	$137,640	$-21,927

Affordability Breakdown

Where the required salary line crosses above Highland Park's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$159,567

Annual household

2BR Required Salary

$91,760

Under 30% rule

Income Gap

+$67,807

Surplus

Verdict

Affordable

Ratio: 17.3%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Highland Park

Your Annual Salary

Pre-filled with Highland Park's median household income

Max monthly rent you can afford$3,989

Studio

$1,606/mo

1 BR

$1,904/mo

2 BR

$2,294/mo

3 BR

$2,799/mo

4 BR

$3,441/mo

Your salary is $0 above the median income in Highland Park.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Highland Park's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Highland Park

Highland Park, Illinois stands out as one of the more financially accessible housing markets in the state. The median household income of $159,567 significantly exceeds the $91,760 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $67,807 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Highland Park, a studio at $1,606/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,799/month remains accessible for dual-income households earning above $111,960.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $137,640 would position you well — though many residents in Highland Park manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Highland Park, Illinois.

With a total population of 30,209, the city supports an active civilian workforce of 14,776 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $91,760 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

14,776

Active civilian employees in Highland Park

Frequently Asked Questions About Renting in Highland Park

What salary do I need to live in Highland Park, Illinois?

To afford a 2-bedroom in Highland Park under the 30% rule, you need an annual salary of at least $91,760. The median household income in Highland Park is $159,567.

Can I afford a 2-bedroom in Highland Park on $159,567?

The affordability verdict for Highland Park is "Affordable". The rent-to-income ratio is 17.3%, meaning median earners have a $67,807 surplus.

What is the average rent in Highland Park compared to median income?

The median gross rent in Highland Park is $1,904/month. With a median household income of $159,567, residents spend approximately 17.3% of their income on rent.

What salary do I need for a studio in Highland Park?

A studio in Highland Park rents for approximately $1,606/month. Under the 30% rule, you need an annual salary of $64,240 to afford this.

Is Highland Park considered an affordable place to live?

Based on the surplus of $67,807 and an affordability verdict of "Affordable", Highland Park is considered a affordable rental market when comparing the required 2-bedroom salary of $91,760 to the local median household income.

How Highland Park Compares

Other cities in Illinois with salary requirements