Cost of Living in Piatt 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 Piatt County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Piatt County ranks #2,409 of 3,142 counties for affordability (bottom 23%)
Sourced county brief
Piatt County Renter Median Household Income Reaches $63,785
The median income for renter households in Piatt County was estimated at $63,785 according to American Community Survey 5-Year estimates. In this county, the official median gross rent as a percentage of household income, or GRAPI, is 21.9 percent. This metric differs from the Illinois unweighted county mean of 26.1 percent by 4.2 percentage points. The median gross rent in Piatt County is $1,046 per month, which is above the state unweighted county mean of $867 per month. Property values also differ from state averages, with the median home value at $180,600 compared to an unweighted county mean of $153,020. Homeowners in the county have median selected monthly owner costs of $1,152, which is above the state unweighted county mean of $960. All housing affordability percentages in this brief utilize official ACS B25071 GRAPI. 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: Piatt County
Affordability Verdict
ACS B25071 estimates median gross rent at 21.9% of renter household income in Piatt 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 $1,046 per month; median selected monthly owner costs are $1,152. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $41,840 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. Piatt County's $1,046 median is 20.6% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Piatt County
Rent Burden
13.2%
of gross income
Max Housing (28% Rule)
$2,212
per month
Owner Cost Burden
14.6%
of gross income
You can likely afford the median home in Piatt County
Median home value is $180,600. Estimated monthly cost: $1,442 vs. your max of $2,212.
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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