Cost of Living in Boone County, Illinois
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Boone County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Boone County ranks #2,496 of 3,142 counties for affordability (bottom 21%)
Sourced county brief
Median Gross Rent in Boone County Stands at 1,041 Dollars
Median gross rent in Boone County is $1,041 per month, a figure that is $174 higher than the Illinois unweighted county mean of $867. The official ACS B25071 Gross Rent as a Percentage of Household Income (GRAPI) is 27.2%. This measure of renter cost is 1.1 percentage points above the state unweighted county mean of 26.1%. The median home value in the county is $216,900, which is $63,880 above the state unweighted county mean of $153,020. Renter households in the county have a median income of $42,572. For those owning homes, the median selected monthly owner cost is $1,299, compared to an Illinois unweighted county mean of $960. These data points represent the 2020-2024 ACS 5-Year Estimates and do not indicate future market trends or specific investment recommendations. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Boone County
Affordability Verdict
ACS B25071 estimates median gross rent at 27.2% of renter household income in Boone County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,041 per month; median selected monthly owner costs are $1,299. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $41,640 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Illinois unweighted mean of county median rents is $867 per month. Boone County's $1,041 median is 20.0% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Boone County
Rent Burden
14.8%
of gross income
Max Housing (28% Rule)
$1,973
per month
Owner Cost Burden
18.4%
of gross income
You can likely afford the median home in Boone County
Median home value is $216,900. Estimated monthly cost: $1,732 vs. your max of $1,973.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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