Cost of Living in Canton, IL
Population 13,408 · Illinois · Data vintage 2023
(100 = US avg)
Canton sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Unemployment has stayed elevated relative to the national figure — 7.2% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Canton is about 25 miles southwest of Peoria, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 28% lower than Peoria's $150,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Canton
The median home value in Canton is $106,900 — 65% below the national median of $305,000. Median rent runs $814/month, 38% lower than the national median of $1,314/month. The median household income of $54,881/year is 26% lower than the US median of $74,580. The local unemployment rate is 7.2%, 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%. The climate averages highs of 62.4°F and lows of 43.0°F, with about 26.2" of annual snowfall. Overall, Canton has a cost of living index of 46 versus the US average of 100, meaning it is 54% less expensive.
🏠 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 34 | 39 | 51 | 64 | 74 | 83 | 86 | 85 | 78 | 65 | 51 | 39 |
| Low °F | 18 | 21 | 32 | 42 | 53 | 62 | 66 | 64 | 56 | 44 | 33 | 23 |
| Precip" | 2.06 | 1.99 | 2.69 | 3.99 | 4.69 | 3.73 | 3.53 | 3.31 | 3.48 | 3.17 | 2.70 | 2.21 |
| Snow" | 7.7 | 6.9 | 3.3 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 1.5 | 6.2 |
Frequently Asked Questions
What is the cost of living in Canton, IL?
Canton has a cost index of 46 (100 = national average). It is 54% below the national average.
What is average rent in Canton, IL?
The median gross rent in Canton is $814 per month based on 2023 Census data.
What is the average home price in Canton?
The median home value in Canton is $106,900 according to Zillow and Census data.
What is the median income in Canton?
The median household income in Canton is $54,881 per year (2023 ACS 5-year estimates).
What is the sales tax in Canton, IL?
The combined state and local sales tax rate in Canton is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Canton, IL affordable?
Yes, Canton is generally considered affordable, with a cost of living index of 46 — about 54% below the US national average of 100.
What is the weather like in Canton?
Canton has average high temperatures of 62.4°F and average lows of 43.0°F. Annual precipitation is 37.5". Average annual snowfall is 26.2". Data from NOAA 1991–2020 Climate Normals.
Canton at a Glance
- Population
- 13,408
- Median Income
- $54,881
- Home Value
- $106,900
- Median Rent
- $814/mo
- Unemployment
- 7.2%
- Avg High Temp
- 62.4°F
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
Cities in other states with comparable housing costs