Cost of Living in Mahomet, IL
Population 9,755 · Illinois · Data vintage 2023
(100 = US avg)
Mahomet is a smaller Illinois community of around 10000 residents, where median household incomes of $114,904 and housing costs ($293,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Geographically, Mahomet is about 70 miles east of Springfield, the nearest large metro. Median home values run roughly 89% higher than Springfield's $155,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Mahomet
The median home value in Mahomet is $293,200 — 4% below the national median of $305,000. Median rent runs $1,202/month, 9% lower than the national median of $1,314/month. The median household income of $114,904/year is 54% higher than the US median of $74,580. The local unemployment rate is 3.4%, 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, Mahomet has a cost of living index of 94 versus the US average of 100, meaning it is 6% less expensive.
Mahomet 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Mahomet, IL?
Mahomet has a cost index of 94 (100 = national average). It is 6% below the national average.
What is average rent in Mahomet, IL?
The median gross rent in Mahomet is $1,202 per month based on 2023 Census data.
What is the average home price in Mahomet?
The median home value in Mahomet is $293,200 according to Zillow and Census data.
What is the median income in Mahomet?
The median household income in Mahomet is $114,904 per year (2023 ACS 5-year estimates).
What is the sales tax in Mahomet, IL?
The combined state and local sales tax rate in Mahomet is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Mahomet, IL affordable?
Mahomet is near the national average in terms of cost of living, with an index of 94 (100 = US average).
Mahomet at a Glance
- Population
- 9,755
- Median Income
- $114,904
- Home Value
- $293,200
- Median Rent
- $1,202/mo
- Unemployment
- 3.4%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
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