Cost of Living in Aledo, IL
Population 3,753 · Illinois · Data vintage 2023
(100 = US avg)
Aledo is a smaller Illinois community of around 4000 residents, where median household incomes of $62,829 and housing costs ($140,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 1.6% points to a labor market well on the tight side of the national distribution.
Located 25 miles south of Davenport, Aledo falls within that metro's commuting orbit. Median home values run roughly 14% lower than Davenport's $163,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Aledo
The median home value in Aledo is $140,000 — 54% below the national median of $305,000. Median rent runs $770/month, 41% lower than the national median of $1,314/month. The median household income of $62,829/year is 16% lower than the US median of $74,580. The local unemployment rate is 1.6%, below 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, Aledo has a cost of living index of 51 versus the US average of 100, meaning it is 49% less expensive.
Aledo has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Aledo, IL?
Aledo has a cost index of 51 (100 = national average). It is 49% below the national average.
What is average rent in Aledo, IL?
The median gross rent in Aledo is $770 per month based on 2023 Census data.
What is the average home price in Aledo?
The median home value in Aledo is $140,000 according to Zillow and Census data.
What is the median income in Aledo?
The median household income in Aledo is $62,829 per year (2023 ACS 5-year estimates).
What is the sales tax in Aledo, IL?
The combined state and local sales tax rate in Aledo is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Aledo, IL affordable?
Yes, Aledo is generally considered affordable, with a cost of living index of 51 — about 49% below the US national average of 100.
Aledo at a Glance
- Population
- 3,753
- Median Income
- $62,829
- Home Value
- $140,000
- Median Rent
- $770/mo
- Unemployment
- 1.6%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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