Cost of Living in Carroll County, Illinois

$784/mo

Median Monthly Rent

$113,500

Median Home Value

6% below state averageUnaffordable

At a Glance

Median Monthly Rent

$784/mo

6% below state average

Median Home Value

$113,500

60% below national

Rent-to-Income Ratio

24.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Carroll County Compares

Median monthly rent comparison

Carroll County$784/mo

Illinois Average$837/mo

National Median$1,163/mo

Detailed Housing Stats

$784/mo

Median Gross Rent

$113,500

Median Home Value

$819/mo

Monthly Owner Cost

24.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Carroll County, Illinois

Housing pressure exceeds national norm

Carroll County renters spend 15.5% of income on housing, exceeding the national average of 14.7% by a full percentage point. With median rent at $784 and household income at $60,871, residents here face tighter affordability constraints than typical American households.

Second-highest burden in sample

Carroll County's 15.5% rent-to-income ratio ranks second-highest among these eight counties and exceeds Illinois's state average of 14.7%. Median rent of $784 runs about $53 below the statewide median, yet the income base is weaker, driving affordability pressure.

Tight housing market amid region

Carroll County's $784 rent is moderate for the region, but the 15.5% affordability ratio signals below-average household incomes compared to neighboring counties. This creates one of the tightest affordability situations in the sample.

Renters face highest burden proportion

Renters in Carroll County pay $784 monthly (15.5% of income), the second-tightest ratio in the sample, while homeowners pay $819 (16.0%) on homes averaging $113,500. Both tenure options strain household budgets here.

Verify affordability before relocating

Carroll County's elevated affordability burden suggests you'll need above-median income to relocate comfortably. Calculate your own housing costs against the county median to ensure this market aligns with your financial situation.

Affordability Calculator

See how your income compares to housing costs in Carroll County

Your Annual Household Income

Rent Burden

15.5%

of gross income

Max Housing (28% Rule)

$1,420

per month

Owner Cost Burden

16.1%

of gross income

You can likely afford the median home in Carroll County

Median home value is $113,500. Estimated monthly cost: $906 vs. your max of $1,420.

Rent Affordability Guide

Your rent-to-income ratio15.5%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Carroll County, Illinois?

Carroll County, Illinois has a median monthly rent of $784/mo and a median home value of $113,500. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.

What is the median rent in Carroll County?

The median gross rent in Carroll County is $784/mo. This is 6% below state average for Illinois.

Is Carroll County affordable?

Carroll County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Carroll County's rent compare to the state average?

Carroll County's median rent of $784/mo is 6% below state average of $837/mo for Illinois.

What is the median home value in Carroll County?

The median home value in Carroll County, Illinois is $113,500. This is 60% below the national median home value of $281,900.