Skokie is considered moderately expensive in 2025, with average rent for a 2-bedroom apartment at $1,950 and slightly higher grocery and property tax costs compared to the national average.
In 2025, the typical gross monthly income needed for a comfortable lifestyle in Skokie, IL is around $5,200 for a couple or $6,800 for a family of four. While Skokie offers a high quality of life with excellent schools, parks, and job access, it does come with a price tag slightly above the national average.

Housing Costs in Skokie
Housing is the biggest expense for most Skokie residents. Typical options include apartments, condos, townhomes, and single-family houses. Rents and home prices vary by neighborhood, with areas closer to downtown Chicago and top-rated schools commanding a premium.
For renters, a basic 2-bedroom apartment averages around $1,950 per month as of 2025. Luxury units in newer buildings can exceed $2,500. Buying a standard 3-bedroom, 2-bath single-family home in Skokie costs between $450,000-$600,000, with a typical monthly mortgage payment of $2,400-$3,200 (assuming 20% down).
Some popular neighborhoods and their median home values:
- Downtown Skokie: $525,000
- Devonshire: $480,000
- Oakton Park: $575,000
- East Prairie: $460,000
Note that some Skokie neighborhoods have mandatory Homeowners Association (HOA) fees, typically $200-$450 per month. Renters may have some utilities included, but homeowners should budget for the full cost of utilities and maintenance.
Utilities and Energy Bills
Skokie residents pay around the national average for basic utilities like electricity, natural gas, water, and trash collection. Expect to budget about $180 per month for a 1-bedroom apartment or $320 for a 3-bedroom house. High-speed internet adds another $65-$100 monthly.
Illinois has cold winters and warm summers, so heating and cooling costs are a factor. The typical household spends about $100 per month on electricity and $80 on natural gas, with winter heating bills spiking higher. Energy-efficient homes and habits can help control utility costs.
Groceries and Daily Expenses
Skokie grocery costs run about 5% higher than the national average. Plan on spending around $350-$450 per month on groceries and household essentials for one person, or $900-$1,100 for a family of four.
A gallon of milk is about $3.80, a loaf of bread $2.50, and a pound of chicken breast $4.50. Dining out costs $12-$18 for a basic meal, with upscale restaurants charging $30+ per entrée. Daily expenses like a regular coffee ($3.50) or movie ticket ($12) also add up over a month.
Taxes and Fees
Illinois has a flat income tax rate of 4.95% as of 2025. Skokie’s sales tax is 10%, which includes state, county, and local taxes. Property taxes in Skokie are relatively high at an average effective rate of 2.5% of a home’s assessed value.
For a $500,000 home, annual property taxes would be around $12,500 or $1,040 per month. Vehicle registration fees in Illinois are $151 annually, plus any local wheel taxes. Skokie charges a $50 annual vehicle sticker fee per car.
Monthly Budget Summary
Expense | Single Adult | Couple | Family of 4 |
---|---|---|---|
Housing (rent/mortgage) | $1,500 | $2,000 | $2,600 |
Utilities | $200 | $280 | $380 |
Groceries & Dining | $500 | $800 | $1,200 |
Transportation | $200 | $400 | $600 |
Healthcare | $300 | $600 | $1,000 |
Taxes & Fees | $600 | $1,000 | $1,400 |
Discretionary | $400 | $600 | $800 |
Total Monthly Budget | $3,700 | $5,680 | $7,980 |
These figures represent gross monthly income (pre-tax) needed to afford a comfortable middle-class lifestyle in Skokie. Discretionary expenses cover entertainment, travel, hobbies, and savings. Adjust the amounts to fit your situation and lifestyle preferences.
Lifestyle Considerations
Living in Skokie offers a blend of suburban comfort and urban access. Commute times to downtown Chicago average 30-45 minutes by car or train. Skokie has highly rated public schools, ample parks and trails, diverse dining options, and a thriving Jewish community.
Newer homes and luxury rentals tend to be pricier but may have lower maintenance costs and better energy efficiency. Older homes in established neighborhoods often provide more space for the money but may need updating. Walkable areas near Downtown Skokie and the CTA Yellow Line command higher housing costs but can save on transportation.
Compared to Chicago proper, Skokie offers more affordable housing, lower crime rates, and a quieter pace of life. However, it can’t match the city’s nightlife, cultural scene, or job density. Nearby suburbs like Evanston and Glenview have similar costs and amenities to Skokie.
Frequently Asked Questions
What salary do you need to live in Skokie?
To live comfortably in Skokie, aim for a gross monthly income of at least $3,700 for a single adult, $5,200 for a couple, or $6,800 for a family of four. This factors in housing, groceries, utilities, transportation, healthcare, taxes, and discretionary spending.
Is Skokie cheaper than Chicago?
Yes, Skokie is generally 10-20% cheaper than living in Chicago, mainly due to lower housing costs. However, Skokie is still slightly more expensive than the national average.
What is the average rent in Skokie?
As of 2025, the average rent for a basic 2-bedroom apartment in Skokie is around $1,950 per month. Prices range from $1,600 for older units up to $2,500+ for luxury apartments.
How much are property taxes in Skokie?
The average effective property tax rate in Skokie is 2.5% of a home’s assessed value. For a $500,000 house, expect to pay around $12,500 per year or $1,040 per month in property taxes.
Is Skokie a good place to raise a family?
Skokie is an excellent place for families, with top-notch public schools, safe neighborhoods, ample parks and recreation, and a quick commute to Chicago. However, the higher cost of living may be a factor for some families.
What are the most affordable neighborhoods in Skokie?
East Prairie and Devonshire tend to have the lowest housing costs in Skokie, with median home values under $500,000 as of 2025. For renters, look for older apartment buildings west of Interstate 94.
How much do utilities cost in Skokie?
Expect to pay around $180 per month for basic utilities on a 1-bedroom apartment or $320 for a 3-bedroom house, plus $65-$100 for internet. Heating and cooling costs vary seasonally.
Are groceries expensive in Skokie?
Grocery costs in Skokie are about 5% higher than the national average. Budget $350-$450 per month for one person or $900-$1,100 for a family of four for groceries and household essentials.