Cost of Living in Coles County, Illinois

$793/mo
Median Monthly Rent
$121,900
Median Home Value
5% below state averageUnaffordable

At a Glance

Median Monthly Rent
$793/mo
5% below state average
Median Home Value
$121,900
57% below national
Rent-to-Income Ratio
26.0%
% 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 Coles County Compares

Median monthly rent comparison

Coles County$793/mo
Illinois Average$837/mo
National Median$1,163/mo

Detailed Housing Stats

$793/mo
Median Gross Rent
$121,900
Median Home Value
$830/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Coles County, Illinois

Coles County housing strains household budgets

Renters here spend 17.0% of income on housing—above the Illinois average of 14.7% and a sign of affordability stress. The $56,040 median household income falls significantly below both state and national medians, amplifying the burden of the $793 monthly rent.

One of Illinois's least affordable counties

Coles County ranks among the state's worst affordability cases with a 17.0% rent-to-income ratio, exceeded only by Champaign (19.4%) and Cook (20.3%). The combination of below-average income and above-average rents creates consistent housing pressure on working families.

High rents on low income spell trouble

Coles County's $793 rent exceeds most rural neighbors like Cass ($723), Christian ($729), and Clay ($709), while its $56,040 income falls below all of them. This unfavorable mix explains the county's 17.0% burden—the worst among non-university, non-metro counties profiled.

Both housing types strain low-income households

Renters spend $793 monthly and homeowners $830, both significant relative to the $56,040 median income. The $121,900 median home value makes ownership viable only for households well above the median, leaving many renters permanently cost-burdened.

Coles County demands caution for relocators

Before moving to Coles County, understand its 17.0% rent burden ranks among Illinois's worst and that incomes average just $56,040. Compare it against nearby Cass (13.4% burden, $64,907 income) or Clark (14.1% burden, $70,625 income) to see if the location truly fits your financial situation.

Affordability Calculator

See how your income compares to housing costs in Coles County

$

Rent Burden

17.0%

of gross income

Max Housing (28% Rule)

$1,308

per month

Owner Cost Burden

17.8%

of gross income

You can likely afford the median home in Coles County

Median home value is $121,900. Estimated monthly cost: $973 vs. your max of $1,308.

Rent Affordability Guide

Your rent-to-income ratio17.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Coles County, Illinois?
Coles County, Illinois has a median monthly rent of $793/mo and a median home value of $121,900. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Coles County?
The median gross rent in Coles County is $793/mo. This is 5% below state average for Illinois.
Is Coles County affordable?
Coles County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Coles County's rent compare to the state average?
Coles County's median rent of $793/mo is 5% below state average of $837/mo for Illinois.
What is the median home value in Coles County?
The median home value in Coles County, Illinois is $121,900. This is 57% 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.