Cost of Living in Gallatin County, Illinois

$500/mo
Median Monthly Rent
$84,700
Median Home Value
40% below state averageUnaffordable

At a Glance

Median Monthly Rent
$500/mo
40% below state average
Median Home Value
$84,700
70% below national
Rent-to-Income Ratio
19.0%
% 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 Gallatin County Compares

Median monthly rent comparison

Gallatin County$500/mo
Illinois Average$837/mo
National Median$1,163/mo

Detailed Housing Stats

$500/mo
Median Gross Rent
$84,700
Median Home Value
$572/mo
Monthly Owner Cost
19.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Gallatin County, Illinois

Gallatin County delivers rare rental bargain

Renters in Gallatin County spend just 11.0% of their income on housing—among the lowest ratios in this entire comparison and well below the national comfort threshold of 30%. The $500 monthly rent is exceptional for Illinois, though paired with a below-average median income of $54,626, it still requires careful budgeting.

Illinois's most affordable rental market

Gallatin County's 11.0% rent-to-income ratio and $500 median rent represent exceptional value compared to Illinois's state average of 14.7% for affordability and $837 for rent. The county stands out as a genuine affordability bright spot in a state increasingly stretched by housing costs.

Unmatched rental affordability regionally

Gallatin's $500 monthly rent is dramatically cheaper than all neighbors—$234 below Effingham ($734), $271 below Franklin ($771), and a remarkable $336 below Ford ($836). The 11.0% rent-to-income ratio edges out even Effingham (11.7%), making Gallatin the region's affordability leader.

Ultra-low rents offset modest wages

Gallatin households earn $54,626 annually, dedicating just $500 monthly to rent (11.0% of income)—nearly half the national average household housing burden. Owner costs of $572 monthly and a median home value of $84,700 preserve this county's status as Illinois's most affordable housing market.

Gallatin for renters prioritizing savings

If lowest rent is your priority, Gallatin County is unbeatable in Illinois—$500 monthly leaves room for savings or other needs impossible elsewhere in this comparison. Verify job market strength and services before moving, as low costs sometimes reflect economic challenges, but the rental bargain is undeniable.

Affordability Calculator

See how your income compares to housing costs in Gallatin County

$

Rent Burden

11.0%

of gross income

Max Housing (28% Rule)

$1,275

per month

Owner Cost Burden

12.6%

of gross income

You can likely afford the median home in Gallatin County

Median home value is $84,700. Estimated monthly cost: $676 vs. your max of $1,275.

Rent Affordability Guide

Your rent-to-income ratio11.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Gallatin County, Illinois?
Gallatin County, Illinois has a median monthly rent of $500/mo and a median home value of $84,700. The affordability rating is Unaffordable, with rent making up approximately 19.0% of median household income.
What is the median rent in Gallatin County?
The median gross rent in Gallatin County is $500/mo. This is 40% below state average for Illinois.
Is Gallatin County affordable?
Gallatin County is rated Unaffordable based on rent-to-income ratio of 19.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Gallatin County's rent compare to the state average?
Gallatin County's median rent of $500/mo is 40% below state average of $837/mo for Illinois.
What is the median home value in Gallatin County?
The median home value in Gallatin County, Illinois is $84,700. This is 70% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Gallatin County, Illinois? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Gallatin County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

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