Affordable

What Salary Do You Need to Live in Palos Hills?

To afford a 2-bedroom in Palos Hills, you need to earn at least $60,160/year based on estimated fair market rent data. The median household income here is $79,306, which means the typical resident is $19,146 above the threshold.

Census ACS Data Pop. 18,278

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,053	$3,510	$42,120	$-37,186
1 Bedroom	$1,248	$4,160	$49,920	$-29,386
2 Bedroom BENCHMARK	$1,504	$5,013	$60,160	$-19,146
3 Bedroom	$1,835	$6,117	$73,400	$-5,906
4 Bedroom	$2,256	$7,520	$90,240	+$10,934

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$79,306

Annual household

2BR Required Salary

$60,160

Under 30% rule

Income Gap

+$19,146

Surplus

Verdict

Affordable

Ratio: 22.8%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Palos Hills

Your Annual Salary

Pre-filled with Palos Hills's median household income

Max monthly rent you can afford$1,983

Studio

$1,053/mo

1 BR

$1,248/mo

2 BR

$1,504/mo

3 BR

$1,835/mo

4 BR

$2,256/mo

Your salary is $0 above the median income in Palos Hills.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Palos Hills

Living in Palos Hills is well within reach for most median-income earners. With a $19,146 cushion between what residents earn and what a 2-bedroom requires, households in Palos Hills typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Palos Hills, a studio at $1,053/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,835/month remains accessible for dual-income households earning above $73,400.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $90,240 would position you well — though many residents in Palos Hills 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 Palos Hills, Illinois.

With a total population of 18,278, the city supports an active civilian workforce of 8,696 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $60,160 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

8,696

Active civilian employees in Palos Hills

Frequently Asked Questions About Renting in Palos Hills

What salary do I need to live in Palos Hills, Illinois?

To afford a 2-bedroom in Palos Hills under the 30% rule, you need an annual salary of at least $60,160. The median household income in Palos Hills is $79,306.

Can I afford a 2-bedroom in Palos Hills on $79,306?

The affordability verdict for Palos Hills is "Affordable". The rent-to-income ratio is 22.8%, meaning median earners have a $19,146 surplus.

What is the average rent in Palos Hills compared to median income?

The median gross rent in Palos Hills is $1,248/month. With a median household income of $79,306, residents spend approximately 22.8% of their income on rent.

What salary do I need for a studio in Palos Hills?

A studio in Palos Hills rents for approximately $1,053/month. Under the 30% rule, you need an annual salary of $42,120 to afford this.

Is Palos Hills considered an affordable place to live?

Based on the surplus of $19,146 and an affordability verdict of "Affordable", Palos Hills is considered a affordable rental market when comparing the required 2-bedroom salary of $60,160 to the local median household income.

How Palos Hills Compares

Other cities in Illinois with salary requirements