Cost of Living in Carterville, IL

Population 5,822 · Illinois · Data vintage 2023

62
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Carterville stay well under national norms: a median home value of $184,000 against median household incomes of $65,238 gives the city one of the more comfortable price-to-income ratios in Illinois. The labor market has been unusually tight, with unemployment around 2.0% — below most comparable cities in the state.

Geographically, Carterville lies roughly 85 miles west of the nearest major metro, Evansville. Median home values run roughly 42% higher than Evansville's $129,000.

Cost Overview

Housing 60
Rent 65

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

About the Cost of Living in Carterville

The median home value in Carterville is $183,500 — 40% below the national median of $305,000. Median rent runs $856/month, 35% lower than the national median of $1,314/month. The median household income of $65,238/year is 13% lower than the US median of $74,580. The local unemployment rate is 2.0%, 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, Carterville has a cost of living index of 62 versus the US average of 100, meaning it is 38% less expensive.

🏠 Housing

Median Home Value
$183,500
40% below avg
Zillow Home Value
$182,711
Zillow ZHVI
Median Rent
$856/mo
35% below avg
Price-to-Rent Ratio
17.9x
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 65.0%
Renter-occupied 35.0%

💰 Estimated Monthly Budget

Rent median rent
$856
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,470/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
23.3 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.2%

Commute Mode

Drove alone
84.1%
Carpooled
6.8%
Walked
1.9%
Work from home
7.2%

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
$65,238
13% below avg
Per Capita Income
$46,682
Unemployment Rate
2.0%
57% below avg
Poverty Rate
12.3%
Labor Force Participation
64.9%

🎓 Education

Bachelor's degree+ 30.1%
Graduate degree 20.2%

👥 Demographics

Median Age 39.9
Male median age 38
Female median age 43.7

Frequently Asked Questions

What is the cost of living in Carterville, IL?

Carterville has a cost index of 62 (100 = national average). It is 38% below the national average.

What is average rent in Carterville, IL?

The median gross rent in Carterville is $856 per month based on 2023 Census data.

What is the average home price in Carterville?

The median home value in Carterville is $183,500 according to Zillow and Census data.

What is the median income in Carterville?

The median household income in Carterville is $65,238 per year (2023 ACS 5-year estimates).

What is the sales tax in Carterville, IL?

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

Is Carterville, IL affordable?

Yes, Carterville is generally considered affordable, with a cost of living index of 62 — about 38% below the US national average of 100.

Carterville at a Glance

Population
5,822
Median Income
$65,238
Home Value
$183,500
Median Rent
$856/mo
Unemployment
2.0%
Sales Tax
8.7%
View all cities in Illinois →
🗺️ County data for Illinois

Explore county-level cost of living data

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