Cost of Living in Shelby County, Illinois

$762/mo
Median Monthly Rent
$130,400
Median Home Value
9% below state averageUnaffordable

At a Glance

Median Monthly Rent
$762/mo
9% below state average
Median Home Value
$130,400
54% below national
Rent-to-Income Ratio
21.0%
% 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 Shelby County Compares

Median monthly rent comparison

Shelby County$762/mo
Illinois Average$837/mo
National Median$1,163/mo

Detailed Housing Stats

$762/mo
Median Gross Rent
$130,400
Median Home Value
$792/mo
Monthly Owner Cost
21.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Shelby County, Illinois

Shelby offers above-average affordability

Shelby County's rent-to-income ratio of 13.4% ranks among the best in this region and beats the national average, reflecting solid balance between housing costs and household income. With a median income of $68,457 and rents of $762, the county delivers genuine affordability without sacrificing economic strength.

Top-tier affordability for Illinois

Shelby County ranks among Illinois's most affordable counties, with a 13.4% rent-to-income ratio significantly below the state average of 14.7%. Median rents of $762 run $75 below the state average while incomes remain stable.

Excellent value in central Illinois

Shelby's $762 rent undercuts most neighbors while the median home value of $130,400 sits in the middle range, offering reasonable options for both renters and buyers. This balance makes Shelby attractive to families seeking stable, affordable small-town life.

Housing takes just 13% of income

Renters allocate $762 monthly and homeowners $792, consuming only 13.4% and 13.9% of the median $68,457 household income respectively. This leaves Shelby families with substantial breathing room—well above national norms.

Shelby: smart choice for affordability seekers

If you're relocating to central Illinois and want genuine affordability without rural sacrifice, Shelby County's 13.4% rent-to-income ratio and $762 rent stand out. Compare job opportunities locally before committing—Shelby's value increases with employment stability.

Affordability Calculator

See how your income compares to housing costs in Shelby County

$

Rent Burden

13.4%

of gross income

Max Housing (28% Rule)

$1,597

per month

Owner Cost Burden

13.9%

of gross income

You can likely afford the median home in Shelby County

Median home value is $130,400. Estimated monthly cost: $1,041 vs. your max of $1,597.

Rent Affordability Guide

Your rent-to-income ratio13.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Shelby County, Illinois?
Shelby County, Illinois has a median monthly rent of $762/mo and a median home value of $130,400. The affordability rating is Unaffordable, with rent making up approximately 21.0% of median household income.
What is the median rent in Shelby County?
The median gross rent in Shelby County is $762/mo. This is 9% below state average for Illinois.
Is Shelby County affordable?
Shelby County is rated Unaffordable based on rent-to-income ratio of 21.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Shelby County's rent compare to the state average?
Shelby County's median rent of $762/mo is 9% below state average of $837/mo for Illinois.
What is the median home value in Shelby County?
The median home value in Shelby County, Illinois is $130,400. This is 54% 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.