Cost of Living in Collinsville, IL
Population 24,126 · Illinois · Data vintage 2023
(100 = US avg)
Buyers in Collinsville can reasonably expect a home to cost less than three years of household income — $158,000 against $65,170 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.
Located 13 miles east of St. Louis, Collinsville falls within that metro's commuting orbit. Median home values run roughly 15% lower than St. Louis' $185,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Collinsville
The median home value in Collinsville is $157,700 — 48% below the national median of $305,000. Median rent runs $979/month, 25% lower than the national median of $1,314/month. The median household income of $65,170/year is 13% lower than the US median of $74,580. The local unemployment rate is 4.5%, 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, Collinsville has a cost of living index of 61 versus the US average of 100, meaning it is 39% 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
Frequently Asked Questions
What is the cost of living in Collinsville, IL?
Collinsville has a cost index of 61 (100 = national average). It is 39% below the national average.
What is average rent in Collinsville, IL?
The median gross rent in Collinsville is $979 per month based on 2023 Census data.
What is the average home price in Collinsville?
The median home value in Collinsville is $157,700 according to Zillow and Census data.
What is the median income in Collinsville?
The median household income in Collinsville is $65,170 per year (2023 ACS 5-year estimates).
What is the sales tax in Collinsville, IL?
The combined state and local sales tax rate in Collinsville is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Collinsville, IL affordable?
Yes, Collinsville is generally considered affordable, with a cost of living index of 61 — about 39% below the US national average of 100.
Collinsville at a Glance
- Population
- 24,126
- Median Income
- $65,170
- Home Value
- $157,700
- Median Rent
- $979/mo
- Unemployment
- 4.5%
- 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