Rantoul, IL Cost Of Living
Cost Of Living In Rantoul, IL Summary
Cost of living in Rantoul 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 Rantoul 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 Rantoul is 80, with 100 being the average.
The cost of living index in Rantoul is 0.8x lower than the national average.
Rantoul ranks as the #14 cheapest in Illinois out of 338.
Rantoul ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Rantoul is $89,700.
The median income in Rantoul is $44,130.
Table Of Contents
Rantoul's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Rantoul, IL?
According to the most recent data on the cost of living, Rantoul has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Illinois, Rantoul has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Rantoul ranks as #14 most affordable out of the 338 places we measured in Illinois. By definition, that implies Rantoul ranks as the #324 most expensive place in the Prairie State.
For more reading on life in Rantoul, check out:
- Living In Rantoul
- Rantoul Crime Report
- Search Homes For Sale In Rantoul, IL
In Illinois
In America
Rantoul Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Rantoul. Here is how it fairs on each of the criteria:
The Services index in Rantoul is 89.
The Groceries index in Rantoul is 93.
The Health index in Rantoul is 102.
The Housing index in Rantoul is 57.
The Transportation index in Rantoul is 99.
The Utilities index in Rantoul is 97.
| Living Expense | Rantoul | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 80 | 92 | 100 | |
| Services | 89 | 95 | 100 | |
| Groceries | 93 | 98 | 100 | |
| Health | 102 | 96 | 100 | |
| Housing | 57 | 81 | 100 | |
| Transportation | 99 | 105 | 100 | |
| Utilities | 97 | 90 | 100 | |
Rantoul, 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 Rantoul is $89,700.
The Median Rent in Rantoul is $846.
The Median Income in Rantoul is $44,130.
The Home Value To Income in Rantoul is 2.0x.
The Rent To Monthly Income in Rantoul is 0.23x.
| Statistic | Rantoul | Illinois | United States |
|---|---|---|---|
| Median Home Value | $89,700 | $212,600 | $244,900 |
| Median Rent | $846 | $1,097 | $1,163 |
| Median Income | $44,130 | $72,563 | $69,021 |
| Home Value To Income | 2.0x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Rantoul, IL Costs By Category
Detailed Rantoul Services Costs Vs. Illinois
Detailed Rantoul Groceries Costs Vs. Illinois
Detailed Rantoul Health Costs Vs. Illinois
Detailed Rantoul Transportation Costs Vs. Illinois
Detailed Rantoul Utilities Costs Vs. Illinois
Rantoul SnackAbility
/10
Cost Of Living In Cities Around Rantoul
The cost of living varies in the cities and towns around Rantoul. 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, 1.2x Rantoul.
Bloomington, IL has a cost of living index of 94, 1.2x Rantoul.
Normal, IL has a cost of living index of 95, 1.2x Rantoul.
| City | Population | Cost Of Living | Vs. Rantoul |
|---|---|---|---|
| Champaign, IL | 88,343 | 93 | 1.2x |
| Bloomington, IL | 78,372 | 94 | 1.2x |
| Normal, IL | 53,446 | 95 | 1.2x |
| Urbana, IL | 39,189 | 91 | 1.1x |
| Pontiac, IL | 11,766 | 86 | 1.1x |
| Mahomet, IL | 9,297 | 100 | 1.2x |
| Savoy, IL | 8,793 | 99 | 1.2x |
| Clinton, IL | 7,016 | 80 | 1.0x |
| Monticello, IL | 6,202 | 94 | 1.2x |
