Cost of Living in Marshall, IL
Population 3,987 · Illinois · Data vintage 2023
(100 = US avg)
Marshall offers a notably favorable income-to-housing ratio for its region. The typical home — $119,000 — costs less than 1.7 times median household income of $70,950, a threshold many coastal markets passed a decade ago. An unemployment rate of 1.5% points to a labor market well on the tight side of the national distribution.
Geographically, Marshall lies roughly 85 miles west of the nearest major metro, Indianapolis city (balance). Median home values run roughly 43% lower than Indianapolis city (balance)'s $207,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Marshall
The median home value in Marshall is $118,500 — 61% below the national median of $305,000. Median rent runs $850/month, 35% lower than the national median of $1,314/month. The median household income of $70,950/year is 5% lower than the US median of $74,580. The local unemployment rate is 1.5%, 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, Marshall has a cost of living index of 49 versus the US average of 100, meaning it is 51% less expensive.
Marshall 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 Marshall, IL?
Marshall has a cost index of 49 (100 = national average). It is 51% below the national average.
What is average rent in Marshall, IL?
The median gross rent in Marshall is $850 per month based on 2023 Census data.
What is the average home price in Marshall?
The median home value in Marshall is $118,500 according to Zillow and Census data.
What is the median income in Marshall?
The median household income in Marshall is $70,950 per year (2023 ACS 5-year estimates).
What is the sales tax in Marshall, IL?
The combined state and local sales tax rate in Marshall is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Marshall, IL affordable?
Yes, Marshall is generally considered affordable, with a cost of living index of 49 — about 51% below the US national average of 100.
Marshall at a Glance
- Population
- 3,987
- Median Income
- $70,950
- Home Value
- $118,500
- Median Rent
- $850/mo
- Unemployment
- 1.5%
- 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