Cost of Living in Grundy County, Illinois
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Grundy County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grundy County ranks #2,741 of 3,142 counties for affordability (bottom 13%)
Sourced county brief
Grundy County Median Home Value Estimated at 271,700 Dollars
In Grundy County, the median home value is $271,700, which is $118,680 higher than the Illinois unweighted county mean of $153,020. The official median gross rent as a percentage of household income (GRAPI) is 24.2%. This is 1.9 percentage points below the state unweighted county mean of 26.1%. Monthly median gross rent in the county is $1,177, compared to the Illinois unweighted county mean of $867. For owner-occupied units, the median selected monthly owner cost is $1,584, while the state unweighted county mean for such costs is $960. Renter-household median annual income was recorded at $60,212. These statistics represent a snapshot based on the American Community Survey 5-Year Estimates for 2020-2024. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Grundy County
Affordability Verdict
ACS B25071 estimates median gross rent at 24.2% of renter household income in Grundy County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,177 per month; median selected monthly owner costs are $1,584. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $47,080 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Illinois unweighted mean of county median rents is $867 per month. Grundy County's $1,177 median is 35.7% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Grundy County
Rent Burden
15.3%
of gross income
Max Housing (28% Rule)
$2,152
per month
Owner Cost Burden
20.6%
of gross income
The median home in Grundy County may be a stretch
Median home value is $271,700. Estimated monthly cost: $2,169 vs. your max of $2,152.
Rent Affordability Guide
Income Needed Calculator
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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
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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