Morton, IL Cost Of Living
Cost Of Living In Morton, IL Summary
Cost of living in Morton 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 Morton 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 Morton is 97, with 100 being the average.
The cost of living index in Morton is 1.0x lower than the national average.
Morton ranks as the #142 cheapest in Illinois out of 338.
Morton ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Morton is $199,400.
The median income in Morton is $81,792.
Table Of Contents
Morton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Morton, IL?
According to the most recent data on the cost of living, Morton has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Illinois, Morton has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Morton ranks as #142 most affordable out of the 338 places we measured in Illinois. By definition, that implies Morton ranks as the #196 most expensive place in the Prairie State.
For more reading on life in Morton, check out:
- Living In Morton
- Morton Crime Report
- Search Homes For Sale In Morton, IL
In Illinois
In America
Morton Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Morton. Here is how it fairs on each of the criteria:
The Services index in Morton is 93.
The Groceries index in Morton is 96.
The Health index in Morton is 92.
The Housing index in Morton is 99.
The Transportation index in Morton is 102.
The Utilities index in Morton is 101.
| Living Expense | Morton | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 97 | 92 | 100 | |
| Services | 93 | 95 | 100 | |
| Groceries | 96 | 98 | 100 | |
| Health | 92 | 96 | 100 | |
| Housing | 99 | 81 | 100 | |
| Transportation | 102 | 105 | 100 | |
| Utilities | 101 | 90 | 100 | |
Morton, 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 Morton is $199,400.
The Median Rent in Morton is $941.
The Median Income in Morton is $81,792.
The Home Value To Income in Morton is 2.4x.
The Rent To Monthly Income in Morton is 0.14x.
| Statistic | Morton | Illinois | United States |
|---|---|---|---|
| Median Home Value | $199,400 | $212,600 | $244,900 |
| Median Rent | $941 | $1,097 | $1,163 |
| Median Income | $81,792 | $72,563 | $69,021 |
| Home Value To Income | 2.4x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Morton, IL Costs By Category
Detailed Morton Services Costs Vs. Illinois
Detailed Morton Groceries Costs Vs. Illinois
Detailed Morton Health Costs Vs. Illinois
Detailed Morton Transportation Costs Vs. Illinois
Detailed Morton Utilities Costs Vs. Illinois
Morton SnackAbility
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Cost Of Living In Cities Around Morton
The cost of living varies in the cities and towns around Morton. Here's a quick look at the cost of living in the most populous nearby places:
Peoria, IL has a cost of living index of 87, 0.9x Morton.
Pekin, IL has a cost of living index of 84, 0.9x Morton.
East Peoria, IL has a cost of living index of 87, 0.9x Morton.
| City | Population | Cost Of Living | Vs. Morton |
|---|---|---|---|
| Peoria, IL | 113,672 | 87 | 0.9x |
| Pekin, IL | 32,398 | 84 | 0.9x |
| East Peoria, IL | 22,707 | 87 | 0.9x |
| Washington, IL | 16,008 | 95 | 1.0x |
| Bartonville, IL | 6,005 | 89 | 0.9x |
| Peoria Heights, IL | 5,940 | 81 | 0.8x |
| Eureka, IL | 5,569 | 84 | 0.9x |
