Rental Property ROI — Illinois

Rental Property ROI in Illinois

This calculator provides Illinois-specific data to help you navigate your situation. Laws, benefit amounts, and eligibility rules vary significantly by state — using Illinois data ensures you get accurate, actionable results.

SNAP Benefits in Illinois

Illinois uses Broad-Based Categorical Eligibility (BBCE), with a gross income limit of 200% of the Federal Poverty Level. The maximum monthly SNAP benefit for a household of 4 in Illinois is $975. You can apply online at https://abe.illinois.gov/ or by calling 1-800-843-6154.

Medicaid in Illinois

Illinois has expanded Medicaid under the ACA (Illinois Medicaid). Adults earning up to 138% of the Federal Poverty Level ($20,783/year for an individual) are eligible. Apply at https://www2.illinois.gov/hfs.

Unemployment Benefits in Illinois

Illinois provides unemployment insurance benefits ranging from $51 to $605 per week for up to 26 weeks. There is a one-week waiting period before benefits begin. Apply at https://ides.illinois.gov/.

Illinois Wage Information

The minimum wage in Illinois is $15/hour ($9/hour for tipped workers). The median household income is $76,708. Illinois has a state income tax with a top rate of 4.95%.

Tenant Rights in Illinois

Illinois requires landlords to give 5 days notice for nonpayment of rent before filing for eviction. The typical eviction process takes approximately 30 days. Free legal aid is available at https://illinoislegalaid.org.

Rent in Illinois

The median rent in Illinois is approximately $1,671/month for a 1-bedroom and $1,886/month for a 2-bedroom apartment. Illinois does not have rent control.

Important Notes for Illinois Residents

The data shown above is based on publicly available information and is updated regularly. Benefit amounts, eligibility rules, and legal requirements can change. Always verify current information with your local Illinois agencies before making important decisions. This calculator provides estimates — not guaranteed outcomes.