Cost of Living in Edgar County, Illinois

$757/mo
Median Monthly Rent
$95,700
Median Home Value
10% below state averageUnaffordable

At a Glance

Median Monthly Rent
$757/mo
10% below state average
Median Home Value
$95,700
66% 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 Edgar County Compares

Median monthly rent comparison

Edgar County$757/mo
Illinois Average$837/mo
National Median$1,163/mo

Detailed Housing Stats

$757/mo
Median Gross Rent
$95,700
Median Home Value
$715/mo
Monthly Owner Cost
21.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Edgar County, Illinois

Edgar renters face significant affordability stress

Edgar County's 16.0% rent-to-income ratio signals housing affordability challenges, with renters dedicating excessive income shares to shelter from a $56,909 median household income—24% below the national median. At $757 monthly, rent consumes disproportionate resources in this lower-income economy.

Edgar struggles against state benchmarks

Edgar's 16.0% rent-to-income ratio exceeds Illinois's 14.7% state average, and the county's $56,909 median income ranks among the state's lowest. While the $757 rent sits modestly below the state average of $837, the combination of low income and high cost burden creates genuine affordability strain.

Lowest income, higher cost burden

Edgar's $757 rent matches Crawford ($761) and Cumberland ($756) on nominal costs, but the county's substantially lower median income of $56,909 means renters allocate larger income shares to housing. This creates tighter household budgets despite similar absolute rent levels.

Housing consumes excessive income shares

Edgar renters spend $757 monthly—16.0% of a $56,909 income—leaving limited funds for food, transportation, and savings. Homeowners pay $715 monthly on properties valued at $95,700, making ownership slightly more achievable than renting in this low-income county.

Edgar demands careful financial planning

Edgar County offers the region's cheapest absolute housing costs, but the combination of low income and high cost burden means residents must budget carefully. Those relocating here should ensure income exceeds county medians to avoid the affordability squeeze facing typical Edgar households.

Affordability Calculator

See how your income compares to housing costs in Edgar County

$

Rent Burden

16.0%

of gross income

Max Housing (28% Rule)

$1,328

per month

Owner Cost Burden

15.1%

of gross income

You can likely afford the median home in Edgar County

Median home value is $95,700. Estimated monthly cost: $764 vs. your max of $1,328.

Rent Affordability Guide

Your rent-to-income ratio16.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Edgar County, Illinois?
Edgar County, Illinois has a median monthly rent of $757/mo and a median home value of $95,700. The affordability rating is Unaffordable, with rent making up approximately 21.0% of median household income.
What is the median rent in Edgar County?
The median gross rent in Edgar County is $757/mo. This is 10% below state average for Illinois.
Is Edgar County affordable?
Edgar 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 Edgar County's rent compare to the state average?
Edgar County's median rent of $757/mo is 10% below state average of $837/mo for Illinois.
What is the median home value in Edgar County?
The median home value in Edgar County, Illinois is $95,700. This is 66% 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.