Families in Naperville earn a median $150,360 a year, and the typical owned home is worth $579,200. A simple rule puts the need for a typical family here at about $1,900,000. Term life is usually the lowest cost way to get there.
Naperville by the numbers
- Median household income
- $150,360Higher than the Illinois median of $83,211
- Typical home value
- $579,200Higher than the Illinois median of $280,700
- Homes owned
- 76%67% of owned homes have a mortgage
- Households with kids
- 37%56,170 households in all
- Age 65 and older
- 18%Median age 41.5
- Veterans
- 2,9862.5% of adults
Living in Naperville
Naperville is the 3rd largest city in Illinois, with 153,337 residents and a median age of 41.5. That is older than the state as a whole, which is one reason final expense comes up a lot here.
The median household here earns $150,360, above the US median of $81,604. The typical home costs about 3.9 times that income.
Compared with nearby Aurora (7 miles away), homes in Naperville are worth more ($579,200 vs $289,100), and more households have kids at home.
The biggest hands on job group here is sales, at 10.6% of workers. Work coverage usually ends when you leave the job, so a policy you own stays put.
Who works in Naperville
The biggest groups of hands on and front line jobs here, as a share of all workers. Some of these jobs can change your price, and some companies treat them better than others.
What fits families in Naperville
67% of owned homes in Naperville still have a mortgage. If your family would struggle to make that payment without you, size a policy to the loan. More on mortgage protection
37% of households here have kids under 18. Term life covers the years they depend on you for the lowest price. More on term life
18% of people in Naperville are 65 or older, close to the Illinois rate. A small policy keeps funeral costs off the family. More on final expense
About 2,986 veterans live in Naperville. VGLI is not your only choice. More on veterans
Final expense and burial insurance in Naperville
About 26,900 people in Naperville are 65 or older. A small final expense policy, also called burial insurance, pays for the funeral so the family does not have to.
| Age | Women, $10,000 | Men, $10,000 |
|---|---|---|
| 60 | $33 | $43 |
| 70 | $53 | $70 |
| 80 | $98 | $134 |
National sample rates, Choice Mutual, Rates valid as of March 9, 2026. Not a quote. Funeral costs and help in Illinois
Illinois rules that protect you
- Free look: 10 days to return a new policy for a refund
- Grace period: 30 days if you miss a payment
- Guaranty protection: up to $300,000 in death benefits
- Help line: Illinois Department of Insurance, 866-445-5364
Common questions in Naperville
How much life insurance do I need in Naperville?
A quick rule of thumb: 10 years of income plus what you owe on your home. With Naperville's median household income of $150,360 and a typical home value of $579,200, that lands near $1,900,000 for a typical family. Your number depends on your debts, kids and savings. Our calculator does the math.
Can I get life insurance in Naperville without a medical exam?
Often, yes. Many companies approve healthy people with health questions and records instead of an exam. Older buyers can also look at simplified issue or guaranteed issue final expense plans.
Do I need an agent licensed in Illinois?
Yes. An agent must hold a Illinois license to sell you a policy. You can check a license with the Illinois Department of Insurance at 866-445-5364.
Source: Illinois Department of Insurance
What does a funeral cost near Naperville?
Local prices vary by funeral home. Nationally, the median funeral with viewing and burial was $8,300 in 2023, and $6,280 with cremation (NFDA). Under the FTC Funeral Rule, any funeral home in Naperville must give you an itemized price list.
Source: FTC Funeral Rule · NFDA price study
What happens if my insurance company fails in Illinois?
The Illinois Life and Health Insurance Guaranty Association protects Illinois policyholders up to $300,000 in death benefits, per insured person.
Source: Illinois Life and Health Insurance Guaranty Association · NOLHGA: how you are protected
Near Naperville
Aurora (7 mi), Joliet (16 mi), Elgin (22 mi), Chicago (25 mi), Rockford (58 mi), Peoria (102 mi)
Sources
Local numbers are Census American Community Survey 2024 one year estimates for Naperville, IL. The coverage figure is a rule of thumb, not advice.
