Cost of Living in Marshall County, Illinois

$767/mo
Median Monthly Rent
$137,800
Median Home Value
8% below state averageUnaffordable

At a Glance

Median Monthly Rent
$767/mo
8% below state average
Median Home Value
$137,800
51% below national
Rent-to-Income Ratio
23.0%
% 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 Marshall County Compares

Median monthly rent comparison

Marshall County$767/mo
Illinois Average$837/mo
National Median$1,163/mo

Detailed Housing Stats

$767/mo
Median Gross Rent
$137,800
Median Home Value
$858/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Marshall County, Illinois

Marshall leads affordability in Illinois

Marshall County's rent-to-income ratio of 13.2% is the lowest among Illinois counties reviewed and well below the national norm of ~15%. Residents here spend just $767/month on rent while earning a median of $69,818, creating genuine housing affordability.

Illinois's most affordable county

At 13.2%, Marshall's rent-to-income ratio ranks well below the Illinois state average of 14.7%, making it one of the state's most affordable housing markets. The median rent of $767 is $70 below the state average, reinforcing this advantage.

Rent parity with Marion, better incomes

Marshall's $767 rent matches Marion County's ($771) almost exactly, but Marshall's median income ($69,818) is $9,000 higher than Marion's ($60,839). This income advantage gives Marshall households more breathing room in their budgets despite similar rent levels.

Lowest rent burden in the region

Marshall residents earning a median of $69,818 spend $767/month on rent (13.2%) or $858/month on homeownership (14.8%). This is the lowest rent-to-income ratio among peers, meaning housing consumes roughly one-quarter to one-third of income.

Marshall offers rare housing value

If Illinois affordability is your goal, Marshall County is the standout choice with the state's lowest rent burden and competitive home values ($137,800). Combine this with solid median income and you'll find genuine housing relief compared to most Illinois counties.

Affordability Calculator

See how your income compares to housing costs in Marshall County

$

Rent Burden

13.2%

of gross income

Max Housing (28% Rule)

$1,629

per month

Owner Cost Burden

14.7%

of gross income

You can likely afford the median home in Marshall County

Median home value is $137,800. Estimated monthly cost: $1,100 vs. your max of $1,629.

Rent Affordability Guide

Your rent-to-income ratio13.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Marshall County, Illinois?
Marshall County, Illinois has a median monthly rent of $767/mo and a median home value of $137,800. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Marshall County?
The median gross rent in Marshall County is $767/mo. This is 8% below state average for Illinois.
Is Marshall County affordable?
Marshall County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Marshall County's rent compare to the state average?
Marshall County's median rent of $767/mo is 8% below state average of $837/mo for Illinois.
What is the median home value in Marshall County?
The median home value in Marshall County, Illinois is $137,800. This is 51% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Marshall 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 Marshall 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.