Cost of Living in Le Roy, IL

Population 3,177 · Illinois · Data vintage 2023

57
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Le Roy can reasonably expect a home to cost less than three years of household income — $166,000 against $87,500 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.

Geographically, Le Roy is about 55 miles southeast of Peoria, the nearest large metro. Median home values run roughly 11% higher than Peoria's $150,000.

Cost Overview

Housing 54
Rent 61

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

About the Cost of Living in Le Roy

The median home value in Le Roy is $165,600 — 46% below the national median of $305,000. Median rent runs $806/month, 39% lower than the national median of $1,314/month. The median household income of $87,500/year is 17% higher than the US median of $74,580. The local unemployment rate is 3.5%, 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, Le Roy has a cost of living index of 57 versus the US average of 100, meaning it is 43% less expensive.

🏠 Housing

Median Home Value
$165,600
46% below avg
Zillow Home Value
$170,087
Zillow ZHVI
Median Rent
$806/mo
39% below avg
Price-to-Rent Ratio
17.1x
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 83.8%
Renter-occupied 16.2%

💰 Estimated Monthly Budget

Rent median rent
$806
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,420/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
25.1 min
7% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.6%

Commute Mode

Drove alone
82.9%
Carpooled
3.2%
Walked
0.2%
Work from home
13.6%

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
$87,500
17% above avg
Per Capita Income
$44,884
Unemployment Rate
3.5%
26% below avg
Poverty Rate
3.5%
Labor Force Participation
68.3%

🎓 Education

Bachelor's degree+ 24.4%
Graduate degree 10.4%

👥 Demographics

Median Age 44.8
Male median age 43.3
Female median age 47

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 50 — Good
50.4%
Good air days/yr
289
Max AQI recorded
253
PM2.5 days
112
Ozone days

Frequently Asked Questions

What is the cost of living in Le Roy, IL?

Le Roy has a cost index of 57 (100 = national average). It is 43% below the national average.

What is average rent in Le Roy, IL?

The median gross rent in Le Roy is $806 per month based on 2023 Census data.

What is the average home price in Le Roy?

The median home value in Le Roy is $165,600 according to Zillow and Census data.

What is the median income in Le Roy?

The median household income in Le Roy is $87,500 per year (2023 ACS 5-year estimates).

What is the sales tax in Le Roy, IL?

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

Is Le Roy, IL affordable?

Yes, Le Roy is generally considered affordable, with a cost of living index of 57 — about 43% below the US national average of 100.

Le Roy at a Glance

Population
3,177
Median Income
$87,500
Home Value
$165,600
Median Rent
$806/mo
Unemployment
3.5%
Sales Tax
8.7%
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🗺️ County data for Illinois

Explore county-level cost of living data

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