Canton, IL Cost Of Living
Cost Of Living In Canton, IL Summary
Cost of living in Canton research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Canton is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Canton is 83, with 100 being the average.
The cost of living index in Canton is 0.8x lower than the national average.
Canton ranks as the #33 cheapest in Illinois out of 338.
Canton ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Canton is $94,300.
The median income in Canton is $47,682.
Table Of Contents
Canton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Canton, IL?
According to the most recent data on the cost of living, Canton has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Illinois, Canton has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Canton ranks as #33 most affordable out of the 338 places we measured in Illinois. By definition, that implies Canton ranks as the #305 most expensive place in the Prairie State.
For more reading on life in Canton, check out:
- Living In Canton
- Canton Crime Report
- Search Homes For Sale In Canton, IL
In Illinois
In America
Canton Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Canton. Here is how it fairs on each of the criteria:
The Services index in Canton is 91.
The Groceries index in Canton is 95.
The Health index in Canton is 89.
The Housing index in Canton is 50.
The Transportation index in Canton is 105.
The Utilities index in Canton is 99.
| Living Expense | Canton | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 83 | 92 | 100 | |
| Services | 91 | 95 | 100 | |
| Groceries | 95 | 98 | 100 | |
| Health | 89 | 96 | 100 | |
| Housing | 50 | 81 | 100 | |
| Transportation | 105 | 105 | 100 | |
| Utilities | 99 | 90 | 100 | |
Canton, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Canton is $94,300.
The Median Rent in Canton is $643.
The Median Income in Canton is $47,682.
The Home Value To Income in Canton is 2.0x.
The Rent To Monthly Income in Canton is 0.16x.
| Statistic | Canton | Illinois | United States |
|---|---|---|---|
| Median Home Value | $94,300 | $212,600 | $244,900 |
| Median Rent | $643 | $1,097 | $1,163 |
| Median Income | $47,682 | $72,563 | $69,021 |
| Home Value To Income | 2.0x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Canton, IL Costs By Category
Detailed Canton Services Costs Vs. Illinois
Detailed Canton Groceries Costs Vs. Illinois
Detailed Canton Health Costs Vs. Illinois
Detailed Canton Transportation Costs Vs. Illinois
Detailed Canton Utilities Costs Vs. Illinois
Canton SnackAbility
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Cost Of Living In Cities Around Canton
The cost of living varies in the cities and towns around Canton. Here's a quick look at the cost of living in the most populous nearby places:
East Peoria, IL has a cost of living index of 87, 1.0x Canton.
Morton, IL has a cost of living index of 97, 1.2x Canton.
Washington, IL has a cost of living index of 95, 1.1x Canton.
| City | Population | Cost Of Living | Vs. Canton |
|---|---|---|---|
| East Peoria, IL | 22,707 | 87 | 1.0x |
| Morton, IL | 16,591 | 97 | 1.2x |
| Washington, IL | 16,008 | 95 | 1.1x |
| Macomb, IL | 15,681 | 84 | 1.0x |
| Lincoln, IL | 13,217 | 88 | 1.1x |
| Middletown, KY | 9,473 | 103 | 1.2x |
| Monmouth, IL | 8,810 | 80 | 1.0x |
| Chillicothe, IL | 6,272 | 88 | 1.1x |
| Eureka, IL | 5,569 | 84 | 1.0x |
