Mahomet, IL Cost Of Living
Cost Of Living In Mahomet, IL Summary
Cost of living in Mahomet 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 Mahomet 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 Mahomet is 100, with 100 being the average.
The cost of living index in Mahomet is 1.0x lower than the national average.
Mahomet ranks as the #170 cheapest in Illinois out of 338.
Mahomet ranks as the #3,149 cheapest out of 6,412 in the US.
The median home value in Mahomet is $239,700.
The median income in Mahomet is $122,386.
Table Of Contents
Mahomet's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Mahomet, IL?
According to the most recent data on the cost of living, Mahomet has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to Illinois, Mahomet has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Mahomet ranks as #170 most affordable out of the 338 places we measured in Illinois. By definition, that implies Mahomet ranks as the #168 most expensive place in the Prairie State.
For more reading on life in Mahomet, check out:
- Living In Mahomet
- Mahomet Crime Report
- Search Homes For Sale In Mahomet, IL
In Illinois
In America
Mahomet Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Mahomet. Here is how it fairs on each of the criteria:
The Services index in Mahomet is 93.
The Groceries index in Mahomet is 92.
The Health index in Mahomet is 102.
The Housing index in Mahomet is 114.
The Transportation index in Mahomet is 99.
The Utilities index in Mahomet is 97.
| Living Expense | Mahomet | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 100 | 92 | 100 | |
| Services | 93 | 95 | 100 | |
| Groceries | 92 | 98 | 100 | |
| Health | 102 | 96 | 100 | |
| Housing | 114 | 81 | 100 | |
| Transportation | 99 | 105 | 100 | |
| Utilities | 97 | 90 | 100 | |
Mahomet, 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 Mahomet is $239,700.
The Median Rent in Mahomet is $978.
The Median Income in Mahomet is $122,386.
The Home Value To Income in Mahomet is 2.0x.
The Rent To Monthly Income in Mahomet is 0.1x.
| Statistic | Mahomet | Illinois | United States |
|---|---|---|---|
| Median Home Value | $239,700 | $212,600 | $244,900 |
| Median Rent | $978 | $1,097 | $1,163 |
| Median Income | $122,386 | $72,563 | $69,021 |
| Home Value To Income | 2.0x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.1x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Mahomet, IL Costs By Category
Detailed Mahomet Services Costs Vs. Illinois
Detailed Mahomet Groceries Costs Vs. Illinois
Detailed Mahomet Health Costs Vs. Illinois
Detailed Mahomet Transportation Costs Vs. Illinois
Detailed Mahomet Utilities Costs Vs. Illinois
Mahomet SnackAbility
/10
Cost Of Living In Cities Around Mahomet
The cost of living varies in the cities and towns around Mahomet. Here's a quick look at the cost of living in the most populous nearby places:
Champaign, IL has a cost of living index of 93, 0.9x Mahomet.
Urbana, IL has a cost of living index of 91, 0.9x Mahomet.
Rantoul, IL has a cost of living index of 80, 0.8x Mahomet.
| City | Population | Cost Of Living | Vs. Mahomet |
|---|---|---|---|
| Champaign, IL | 88,343 | 93 | 0.9x |
| Urbana, IL | 39,189 | 91 | 0.9x |
| Rantoul, IL | 12,766 | 80 | 0.8x |
| Savoy, IL | 8,793 | 99 | 1.0x |
| Monticello, IL | 6,202 | 94 | 0.9x |
