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)
How Boone County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Boone County, Illinois
Higher incomes, higher housing costs
Boone County's median household income of $81,638 exceeds the national average by $6,883, and residents leverage that advantage: the 14.9% rent-to-income ratio stays nearly even with the national average despite housing costs running $174/month above U.S. norms. This is a high-income county with proportionally high housing prices.
Highest income, highest rents in sample
Boone County's median income of $81,638 leads this eight-county sample, and median rent of $1,011 is the highest—about $174 above Illinois's state median. The 14.9% rent-to-income ratio remains manageable only because of strong household earnings.
Priciest market in the group
Boone County's $1,011 rent and $1,310 monthly mortgage reflect the most expensive housing market in this sample. Higher incomes support these costs, but price-sensitive movers will find cheaper alternatives in surrounding counties.
Ownership premium over renting
At $1,011 monthly, rent claims 14.9% of income, while homeownership costs $1,310 (19.5%) on a median home value of $198,600. Boone County is the only county in this sample where homeownership notably outpaces rental affordability.
For high earners seeking premium markets
Boone County's strong incomes and robust housing prices make it ideal for affluent relocators who value higher-wage employment markets. If your income aligns with the county median or above, this county offers modern housing stock and economic vitality.
Affordability Calculator
See how your income compares to housing costs in Boone County
Rent Burden
14.9%
of gross income
Max Housing (28% Rule)
$1,905
per month
Owner Cost Burden
19.3%
of gross income
You can likely afford the median home in Boone County
Median home value is $198,600. Estimated monthly cost: $1,585 vs. your max of $1,905.
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.