Cost of Living in Pike 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 Pike County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Pike County ranks #677 of 3,142 counties for affordability (top 22%)
Sourced county brief
Median Gross Rent in Pike County Estimated at $676 Monthly
The median gross rent in Pike County is $676 per month, a figure below the Illinois unweighted county mean of $867 per month. Among renter-occupied units, the median gross rent as a percentage of household income is 26.3 percent. This official GRAPI estimate is 0.2 percentage points higher than the state unweighted county mean of 26.1 percent. Renter households in the county reported a median income of $26,603. For owner-occupied housing, the median home value in Pike County was estimated at $101,400, which is below the state unweighted county mean of $153,020. Median selected monthly owner costs for all owner-occupied units in the county are $775, compared to the unweighted county mean of $960 across the state. This analysis uses the official B25071 GRAPI as the canonical rent-to-income percentage. 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: Pike County
Affordability Verdict
ACS B25071 estimates median gross rent at 26.3% of renter household income in Pike 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 $676 per month; median selected monthly owner costs are $775. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $27,040 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. Pike County's $676 median is 22.1% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Pike County
Rent Burden
13.6%
of gross income
Max Housing (28% Rule)
$1,395
per month
Owner Cost Burden
15.6%
of gross income
You can likely afford the median home in Pike County
Median home value is $101,400. Estimated monthly cost: $810 vs. your max of $1,395.
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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