Cost of Living in Clay County, Illinois

$709/mo
Median Monthly Rent
$94,300
Median Home Value
15% below state averageUnaffordable

At a Glance

Median Monthly Rent
$709/mo
15% below state average
Median Home Value
$94,300
67% below national
Rent-to-Income Ratio
21.0%
% 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 Clay County Compares

Median monthly rent comparison

Clay County$709/mo
Illinois Average$837/mo
National Median$1,163/mo

Detailed Housing Stats

$709/mo
Median Gross Rent
$94,300
Median Home Value
$734/mo
Monthly Owner Cost
21.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Clay County, Illinois

Clay County rents stretch thin incomes

At 14.9% of income devoted to rent, Clay County ranks slightly above the Illinois average and reflects tight household finances. The $57,266 median income—more than 23% below the national median—makes even modest $709 rents feel substantial for working families.

Below-average income limits affordability gains

Clay County's 14.9% rent-to-income ratio edges above the state average of 14.7%, but its struggle stems from below-average incomes rather than high rents. At $709 per month, the median rent ranks among Illinois's lowest, yet households earning only $57,266 still feel the squeeze.

Cheapest rents, but smallest incomes too

Clay County's $709 rent ranks lowest among central Illinois peers, yet its $57,266 income also trails neighbors like Clark ($70,625) and Cass ($64,907). This income disadvantage erodes the county's rent advantage, making it a trade-off between cost and earning potential.

Homeownership offers slight relief here

Renters spend $709 monthly while homeowners pay $734—a modest difference reflecting the county's overall affordability. The $94,300 median home value keeps ownership accessible, though the low median income means most households carry tight housing budgets regardless of tenure.

Clay County suits income-flexible relocators

Consider Clay County if you can afford lower incomes—it offers the state's cheapest rents at $709 and a 14.9% burden. But compare it against better-paying neighbors like Clark County before moving; a higher salary in a neighboring county may leave you better off financially despite slightly higher rents.

Affordability Calculator

See how your income compares to housing costs in Clay County

$

Rent Burden

14.9%

of gross income

Max Housing (28% Rule)

$1,336

per month

Owner Cost Burden

15.4%

of gross income

You can likely afford the median home in Clay County

Median home value is $94,300. Estimated monthly cost: $753 vs. your max of $1,336.

Rent Affordability Guide

Your rent-to-income ratio14.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Clay County, Illinois?
Clay County, Illinois has a median monthly rent of $709/mo and a median home value of $94,300. The affordability rating is Unaffordable, with rent making up approximately 21.0% of median household income.
What is the median rent in Clay County?
The median gross rent in Clay County is $709/mo. This is 15% below state average for Illinois.
Is Clay County affordable?
Clay County is rated Unaffordable based on rent-to-income ratio of 21.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Clay County's rent compare to the state average?
Clay County's median rent of $709/mo is 15% below state average of $837/mo for Illinois.
What is the median home value in Clay County?
The median home value in Clay County, Illinois is $94,300. This is 67% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.