Cost of Living in Fulton County, Illinois

$808/mo
Median Monthly Rent
$102,500
Median Home Value

At a Glance

Median Monthly Rent
$808/mo
3% below state average
Median Home Value
$102,500
64% 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 Fulton County Compares

Median monthly rent comparison

Fulton County$808/mo
Illinois Average$837/mo
National Median$1,163/mo

Detailed Housing Stats

$808/mo
Median Gross Rent
$102,500
Median Home Value
$786/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Fulton County ranks #1,194 of 3,144 counties for affordability (top 38%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Fulton County, Illinois

Fulton balances modest costs and income

Renters in Fulton County spend 16.5% of their $58,617 median income on housing—above the national comfort zone but typical for rural Illinois. The $808 monthly rent and below-average wages combine to create affordability pressure moderate compared to peer counties.

Slightly below Illinois averages

Fulton County's 16.5% rent-to-income ratio exceeds Illinois's state average of 14.7%, placing it in the middle tier of affordability among state counties. The median rent of $808 nearly matches the state average of $837, though local incomes remain below state norms.

Middle ground among peers

Fulton County's 16.5% rent-to-income ratio matches Ford County exactly and falls between Fayette (15.6%) and Franklin (17.3%), while its $808 rent sits between Effingham ($734) and Ford ($836). The county represents a middle-ground option regionally, neither particularly affordable nor especially expensive.

Incomes struggle with mid-range costs

Fulton households earn $58,617 annually, directing $808 monthly toward rent (16.5% of income) or $786 for mortgages, leaving modest household cushion. The median home value of $102,500 remains accessible but requires incomes that many local residents lack.

Fulton offers regional middle option

Fulton County makes sense if you value small-town character and need affordability but not extremes—it's less strained than Franklin or Ford, yet more challenging than Effingham. Compare with Gallatin for lower rents or Effingham for stronger wage growth before deciding.

Cost of Living Advisory: Fulton County

Affordability Verdict

Fulton County is affordable for renters, with a median gross rent of $808/month representing approximately 16.5% of median household income. The rent burden (GRAPI) stands at 26.0%.

Rent vs. Own

The median rent in Fulton County is $808/month, while owner costs run $786/month. Owning saves approximately $22/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,320/year. For owner costs at the 28% rule, the required income is roughly $33,686/year. With a median household income of $58,617, most households can comfortably afford rent here. Notably, 26.0% of renter households in Fulton County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Fulton County sits 7% more expensive than Edgar County ($757/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Fulton County

$

Rent Burden

16.5%

of gross income

Max Housing (28% Rule)

$1,368

per month

Owner Cost Burden

16.1%

of gross income

You can likely afford the median home in Fulton County

Median home value is $102,500. Estimated monthly cost: $818 vs. your max of $1,368.

Rent Affordability Guide

Your rent-to-income ratio16.5%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $58,617Needed: $32,320
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $58,617Needed: $33,686
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $58,617Needed: $23,855

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Fulton County, Illinois?
Fulton County, Illinois has a median monthly rent of $808/mo and a median home value of $102,500. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Fulton County?
The median gross rent in Fulton County is $808/mo. This is 3% below state average for Illinois.
Is Fulton County affordable?
Fulton 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 Fulton County's rent compare to the state average?
Fulton County's median rent of $808/mo is 3% below state average of $837/mo for Illinois.
What is the median home value in Fulton County?
The median home value in Fulton County, Illinois is $102,500. This is 64% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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