Cost of Living in Eldorado, IL
Population 3,762 · Illinois · Data vintage 2023
(100 = US avg)
At $39,766, median household incomes in Eldorado land roughly 47% below the US median, a gap that tends to persist across local labor-market indicators. The labor market has been unusually tight, with unemployment around 1.3% — below most comparable cities in the state.
Geographically, Eldorado is about 50 miles west of Evansville, the nearest large metro. Median home values run roughly 47% lower than Evansville's $129,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Eldorado
The median home value in Eldorado is $68,600 — 78% below the national median of $305,000. Median rent runs $630/month, 52% lower than the national median of $1,314/month. The median household income of $39,766/year is 47% lower than the US median of $74,580. The local unemployment rate is 1.3%, 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, Eldorado has a cost of living index of 33 versus the US average of 100, meaning it is 67% less expensive.
Eldorado 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 Eldorado, IL?
Eldorado has a cost index of 33 (100 = national average). It is 67% below the national average.
What is average rent in Eldorado, IL?
The median gross rent in Eldorado is $630 per month based on 2023 Census data.
What is the average home price in Eldorado?
The median home value in Eldorado is $68,600 according to Zillow and Census data.
What is the median income in Eldorado?
The median household income in Eldorado is $39,766 per year (2023 ACS 5-year estimates).
What is the sales tax in Eldorado, IL?
The combined state and local sales tax rate in Eldorado is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Eldorado, IL affordable?
Yes, Eldorado is generally considered affordable, with a cost of living index of 33 — about 67% below the US national average of 100.
Eldorado at a Glance
- Population
- 3,762
- Median Income
- $39,766
- Home Value
- $68,600
- Median Rent
- $630/mo
- Unemployment
- 1.3%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data