Cost of Living in Morgan County, Illinois
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Morgan County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Morgan County, Illinois
Morgan rents run lean on lower incomes
Morgan County's median household income of $65,175 sits 12.9% below the national median, while its 13.1% rent-to-income ratio runs just below the national benchmark of roughly 15%. Residents here manage tight housing-to-income balances.
Morgan tracks close to Illinois average
Morgan County's 13.1% rent-to-income ratio edges below Illinois's 14.7% state average, with median rents of $710/month significantly undercutting the state's $837. This modest advantage helps offset the county's below-average household incomes.
Morgan keeps costs lean like peers
Morgan's $710 median rent ranks among the region's cheapest, comparable to Montgomery County ($715) and Mercer County ($757). The median home value of $128,700 similarly positions Morgan as an affordable option for buyers on limited budgets.
Housing claims one-third of income
Morgan residents allocate 13.1% to rent and 16.5% to owner costs, totaling nearly one-third of household income for housing. An $897/month mortgage on a $128,700 home stretches county earners, requiring disciplined household budgeting.
Morgan suits value-first relocators
Morgan County attracts households prioritizing lowest possible housing costs over income growth prospects. Compare Morgan's tight affordability margin to wealthier counties to assess whether the savings justify lifestyle trade-offs.
Affordability Calculator
See how your income compares to housing costs in Morgan County
Rent Burden
13.1%
of gross income
Max Housing (28% Rule)
$1,521
per month
Owner Cost Burden
16.5%
of gross income
You can likely afford the median home in Morgan County
Median home value is $128,700. Estimated monthly cost: $1,027 vs. your max of $1,521.
Rent Affordability Guide
Frequently Asked Questions
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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.