Cost of Living in Abingdon, IL

Population 3,424 · Illinois · Data vintage 2023

39
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Abingdon is a smaller Illinois community of around 3000 residents, where median household incomes of $56,414 and housing costs ($89,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 6.9%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Located 40 miles west of Peoria, Abingdon falls within that metro's commuting orbit. Median home values run roughly 41% lower than Peoria's $150,000.

Cost Overview

Housing 29
Rent 55

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Abingdon

The median home value in Abingdon is $88,900 — 71% below the national median of $305,000. Median rent runs $723/month, 45% lower than the national median of $1,314/month. The median household income of $56,414/year is 24% lower than the US median of $74,580. The local unemployment rate is 6.9%, above the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Abingdon has a cost of living index of 39 versus the US average of 100, meaning it is 61% less expensive.

🏠 Housing

Median Home Value
$88,900
71% below avg
Zillow Home Value
$170,543
Zillow ZHVI
Median Rent
$723/mo
45% below avg
Price-to-Rent Ratio
10.2x
Favors buying
Property Tax Rate
2.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$651
1 BR
$741
2 BR
$899
3 BR
$1,196
4 BR
$1,364
Owner-occupied 69.8%
Renter-occupied 30.2%

💰 Estimated Monthly Budget

Rent median rent
$723
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,337/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
34.3 min
27% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.2%

Commute Mode

Drove alone
94.1%
Carpooled
2.3%
Public transit
0.5%
Walked
0.9%
Work from home
2.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 5.0%
Total Sales Tax 8.7%
State rate 6.3%
Avg local rate 2.5%
Property Tax 2.2%

💼 Income & Employment

Median Household Income
$56,414
24% below avg
Per Capita Income
$30,354
Unemployment Rate
6.9%
44% above avg
Poverty Rate
12.3%
Labor Force Participation
64.8%

🎓 Education

Bachelor's degree+ 11.0%
Graduate degree 4.0%

👥 Demographics

Median Age 38.9
Male median age 35.9
Female median age 40.3

Frequently Asked Questions

What is the cost of living in Abingdon, IL?

Abingdon has a cost index of 39 (100 = national average). It is 61% below the national average.

What is average rent in Abingdon, IL?

The median gross rent in Abingdon is $723 per month based on 2023 Census data.

What is the average home price in Abingdon?

The median home value in Abingdon is $88,900 according to Zillow and Census data.

What is the median income in Abingdon?

The median household income in Abingdon is $56,414 per year (2023 ACS 5-year estimates).

What is the sales tax in Abingdon, IL?

The combined state and local sales tax rate in Abingdon is 8.7%. The Illinois state income tax top rate is 5.0%.

Is Abingdon, IL affordable?

Yes, Abingdon is generally considered affordable, with a cost of living index of 39 — about 61% below the US national average of 100.

Abingdon at a Glance

Population
3,424
Median Income
$56,414
Home Value
$88,900
Median Rent
$723/mo
Unemployment
6.9%
Sales Tax
8.7%
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🗺️ County data for Illinois

Explore county-level cost of living data

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