Cost of Living in Iroquois County, Illinois

$793/mo
Median Monthly Rent
$125,400
Median Home Value
5% below state averageUnaffordable

At a Glance

Median Monthly Rent
$793/mo
5% below state average
Median Home Value
$125,400
56% below national
Rent-to-Income Ratio
28.0%
% 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 Iroquois County Compares

Median monthly rent comparison

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

Detailed Housing Stats

$793/mo
Median Gross Rent
$125,400
Median Home Value
$847/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Iroquois County, Illinois

Iroquois County rents strain household budgets

At 15.2%, Iroquois County's rent-to-income ratio matches Henderson County as the highest in this group and exceeds Illinois's 14.7% state average. While still below the national 30% affordability threshold, renters here allocate a noticeably larger share of income to housing than typical Illinoisans.

Above-average rent burden statewide

Iroquois County's $793 median rent runs below the state's $837 average, but its 15.2% rent-to-income ratio slightly exceeds the statewide 14.7%. The county sits in the upper-middle tier of housing affordability challenges across Illinois.

Mid-range rents with high affordability pressure

Iroquois County's $793 rent falls between Hamilton ($566) and Henderson ($834), but its 15.2% rent-to-income ratio ties Henderson for the highest burden in this region. The county's above-median home values ($125,400) add to overall housing cost pressures.

Rent takes 15.2% of household income

With median household income of $62,439, residents pay $793 monthly in rent and $847 for homeownership on properties averaging $125,400. The combination creates stronger cost pressures than many neighboring counties, leaving less discretionary income.

Evaluate housing costs against income carefully

Iroquois County's higher rent burden relative to income makes careful budgeting essential before relocating. Compare its affordability metrics closely to neighbors like Hamilton or Jasper, where income-to-rent ratios are measurably better.

Affordability Calculator

See how your income compares to housing costs in Iroquois County

$

Rent Burden

15.2%

of gross income

Max Housing (28% Rule)

$1,457

per month

Owner Cost Burden

16.3%

of gross income

You can likely afford the median home in Iroquois County

Median home value is $125,400. Estimated monthly cost: $1,001 vs. your max of $1,457.

Rent Affordability Guide

Your rent-to-income ratio15.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Iroquois County, Illinois?
Iroquois County, Illinois has a median monthly rent of $793/mo and a median home value of $125,400. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Iroquois County?
The median gross rent in Iroquois County is $793/mo. This is 5% below state average for Illinois.
Is Iroquois County affordable?
Iroquois County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Iroquois County's rent compare to the state average?
Iroquois County's median rent of $793/mo is 5% below state average of $837/mo for Illinois.
What is the median home value in Iroquois County?
The median home value in Iroquois County, Illinois is $125,400. This is 56% 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.