Cost of Living in Gibson City, IL
Population 3,609 · Illinois · Data vintage 2023
(100 = US avg)
Gibson City's median household income of $47,104 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (16% here). At 8.3%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Geographically, Gibson City is about 70 miles east of Peoria, the nearest large metro. Housing prices track closely with Peoria's $150,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Gibson City
The median home value in Gibson City is $138,400 — 55% below the national median of $305,000. Median rent runs $802/month, 39% lower than the national median of $1,314/month. The median household income of $47,104/year is 37% lower than the US median of $74,580. The local unemployment rate is 8.3%, 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%. Overall, Gibson City has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.
Gibson City 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 Gibson City, IL?
Gibson City has a cost index of 52 (100 = national average). It is 48% below the national average.
What is average rent in Gibson City, IL?
The median gross rent in Gibson City is $802 per month based on 2023 Census data.
What is the average home price in Gibson City?
The median home value in Gibson City is $138,400 according to Zillow and Census data.
What is the median income in Gibson City?
The median household income in Gibson City is $47,104 per year (2023 ACS 5-year estimates).
What is the sales tax in Gibson City, IL?
The combined state and local sales tax rate in Gibson City is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Gibson City, IL affordable?
Yes, Gibson City is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.
Gibson City at a Glance
- Population
- 3,609
- Median Income
- $47,104
- Home Value
- $138,400
- Median Rent
- $802/mo
- Unemployment
- 8.3%
- Sales Tax
- 8.7%
Explore county-level cost of living data
Illinois Rankings
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