Cost of Living in Bonnie Brae, IL

With a cost of living index of 102, Bonnie Brae, IL is right around the national average in cost. Living here is 2% more expensive than the national average and 22% above the Illinois state average of 80. Bonnie Brae is a small community of 844 residents.

Housing costs are the biggest factor in Bonnie Brae's cost of living. The median monthly rent is $1,570 (19% above the US median of $1,319), and the median home value sits at $224,200 (26% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Bonnie Brae is $76,483, which is 2% higher than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Chicago-Naperville-Elgin, IL-IN (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.