Cost of Living in Wayne County, Illinois

$632/mo
Median Monthly Rent
$109,400
Median Home Value
24% below state averageUnaffordable

At a Glance

Median Monthly Rent
$632/mo
24% below state average
Median Home Value
$109,400
61% below national
Rent-to-Income Ratio
25.0%
% 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 Wayne County Compares

Median monthly rent comparison

Wayne County$632/mo
Illinois Average$837/mo
National Median$1,163/mo

Detailed Housing Stats

$632/mo
Median Gross Rent
$109,400
Median Home Value
$795/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Wayne County, Illinois

Wayne County matches national affordability

Wayne County's 14.3% rent-to-income ratio sits just above the national average of 14.7%, indicating reliable if unremarkable housing affordability. With median household income of $53,107—the third-lowest in this group—modest rents of $632 help maintain acceptable affordability despite lower wages.

Mid-tier affordability within Illinois

Wayne County's 14.3% rent-to-income ratio performs slightly better than the Illinois state average of 14.7%, ranking it in the middle tier of state counties. The county's below-average incomes are offset by genuinely low rents, delivering competitiveness within Illinois's housing market.

Wayne offers strong value against peers

Wayne County's $632 monthly rent ranks among the lowest in this group, beat only by Union County's $658. At 14.3% rent-to-income, Wayne underperforms only Union (14.0%), Warren (12.9%), and Washington (12.3%), delivering solid regional value.

Low rents offset modest household incomes

Wayne residents earning $53,107 annually pay just $632 in median rent—the lowest absolute cost in this group—consuming 14.3% of income. Owner costs of $795 pair with modest home values of $109,400, creating an attainable path to homeownership.

Wayne County suits budget-first relocators

If minimizing rent expense ranks above maximizing income opportunities, Wayne County delivers exceptional value at $632 monthly. Compare this lowest-cost option against neighbors like Vermilion or Wabash to see the financial difference a county move could deliver.

Affordability Calculator

See how your income compares to housing costs in Wayne County

$

Rent Burden

14.3%

of gross income

Max Housing (28% Rule)

$1,239

per month

Owner Cost Burden

18.0%

of gross income

You can likely afford the median home in Wayne County

Median home value is $109,400. Estimated monthly cost: $873 vs. your max of $1,239.

Rent Affordability Guide

Your rent-to-income ratio14.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Wayne County, Illinois?
Wayne County, Illinois has a median monthly rent of $632/mo and a median home value of $109,400. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Wayne County?
The median gross rent in Wayne County is $632/mo. This is 24% below state average for Illinois.
Is Wayne County affordable?
Wayne County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Wayne County's rent compare to the state average?
Wayne County's median rent of $632/mo is 24% below state average of $837/mo for Illinois.
What is the median home value in Wayne County?
The median home value in Wayne County, Illinois is $109,400. This is 61% 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.