Cost of Living in Piatt County, Illinois

$950/mo
Median Monthly Rent
$173,200
Median Home Value
14% above state averageUnaffordable

At a Glance

Median Monthly Rent
$950/mo
14% above state average
Median Home Value
$173,200
39% below national
Rent-to-Income Ratio
24.0%
% 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 Piatt County Compares

Median monthly rent comparison

Piatt County$950/mo
Illinois Average$837/mo
National Median$1,163/mo

Detailed Housing Stats

$950/mo
Median Gross Rent
$173,200
Median Home Value
$1,098/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Piatt County, Illinois

Piatt County punches above affordability

Piatt County residents enjoy a 13.0% rent-to-income ratio—well below both the state average of 14.7% and the national baseline—thanks to a median household income of $87,516, the highest among these eight counties. Despite median rent of $950, strong incomes mean housing consumes a smaller share of the paycheck.

Illinois's most affordable renters

Piatt County ranks among Illinois's most housing-affordable counties, with its 13.0% rent-to-income ratio significantly outperforming the state average. This combination of solid wages and reasonable rents makes Piatt a standout for households seeking affordability without sacrificing income.

Piatt leads in income, shares rent costs

Piatt County's median household income of $87,516 dwarfs neighboring Perry ($59,286) and Pike ($58,029), yet its $950 rent falls between Putnam County's $804 and Richland's $754. This income advantage explains Piatt's superior affordability despite higher absolute housing costs.

High earners, high housing costs

Piatt County renters pay $950 monthly while homeowners pay $1,098 for the $173,200 median home—the priciest in this group—but earn enough to handle it comfortably. Housing takes just 13% of household income, leaving substantial room for savings and other expenses.

Piatt rewards higher incomes

If your household income exceeds $80,000, Piatt County offers excellent affordability despite higher absolute housing costs. This county is ideal for professionals and stable families seeking strong income-to-housing balance in central Illinois.

Affordability Calculator

See how your income compares to housing costs in Piatt County

$

Rent Burden

13.0%

of gross income

Max Housing (28% Rule)

$2,042

per month

Owner Cost Burden

15.1%

of gross income

You can likely afford the median home in Piatt County

Median home value is $173,200. Estimated monthly cost: $1,383 vs. your max of $2,042.

Rent Affordability Guide

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

Frequently Asked Questions

What is the cost of living in Piatt County, Illinois?
Piatt County, Illinois has a median monthly rent of $950/mo and a median home value of $173,200. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Piatt County?
The median gross rent in Piatt County is $950/mo. This is 14% above state average for Illinois.
Is Piatt County affordable?
Piatt County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Piatt County's rent compare to the state average?
Piatt County's median rent of $950/mo is 14% above state average of $837/mo for Illinois.
What is the median home value in Piatt County?
The median home value in Piatt County, Illinois is $173,200. This is 39% 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.