Cost of Living in Alexander County, Illinois
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Alexander County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Alexander County, Illinois
Lowest-income county, affordable rents
Alexander County's median household income of $43,523 ranks among Illinois's lowest, but renters catch a break: the 14.9% rent-to-income ratio stays just under the national average of 14.7%. At $540 monthly, median rent is dramatically cheaper than the U.S. typical.
Well-positioned in state affordability
Despite the lowest median income in this sample, Alexander County's 14.9% rent-to-income ratio sits close to Illinois's 14.7% state average. At $540/month, rent costs about 35% less than the statewide median of $837.
Least expensive rental market nearby
Alexander County's $540 median rent is substantially lower than adjacent counties, making it the budget choice in southern Illinois. This ultra-affordable renter market is offset by lower incomes, creating both opportunity and vulnerability.
Rent and mortgages both modest
At $540/month, rent claims 14.9% of income, while homeownership costs $570 monthly (15.7% of income)—a rare case where renting and buying are nearly equally affordable. Median home values hover around $58,700, the lowest in this county sample.
Bargain housing, but budget carefully
Alexander County offers the cheapest housing in this sample, attracting those prioritizing low rent or purchase prices. However, the county's low median income signals limited job opportunities; confirm employment prospects before relocating.
Affordability Calculator
See how your income compares to housing costs in Alexander County
Rent Burden
14.9%
of gross income
Max Housing (28% Rule)
$1,016
per month
Owner Cost Burden
15.7%
of gross income
You can likely afford the median home in Alexander County
Median home value is $58,700. Estimated monthly cost: $469 vs. your max of $1,016.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.