Cost of Living in Iroquois County, Illinois
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Iroquois County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Iroquois County ranks #1,567 of 3,144 counties for affordability (top 50%)
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.
Cost of Living Advisory: Iroquois County
Affordability Verdict
Iroquois County is affordable for renters, with a median gross rent of $793/month representing approximately 15.2% of median household income. The rent burden (GRAPI) stands at 28.0%.
Rent vs. Own
The median rent in Iroquois County is $793/month, while owner costs run $847/month. Renting saves approximately $54/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,720/year. For owner costs at the 28% rule, the required income is roughly $36,300/year. With a median household income of $62,439, most households can comfortably afford rent here. Notably, 28.0% of renter households in Iroquois County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Fayette County where rent averages $740/month, Iroquois County is approximately 7% more expensive.
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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
What is the cost of living in Iroquois County, Illinois?
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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