Cost of Living in Metamora, IL

Population 4,094 · Illinois · Data vintage 2023

68
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Metamora can reasonably expect a home to cost less than three years of household income — $210,000 against $99,091 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. An unemployment rate of 0.0% points to a labor market well on the tight side of the national distribution.

Metamora sits roughly 13 miles east of Peoria — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 40% higher than Peoria's $150,000.

Cost Overview

Housing 69
Rent 67

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

About the Cost of Living in Metamora

The median home value in Metamora is $209,800 — 31% below the national median of $305,000. Median rent runs $880/month, 33% lower than the national median of $1,314/month. The median household income of $99,091/year is 33% higher than the US median of $74,580. The local unemployment rate is 0.0%, 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, Metamora has a cost of living index of 68 versus the US average of 100, meaning it is 32% less expensive.

🏠 Housing

Median Home Value
$209,800
31% below avg
Zillow Home Value
$124,047
Zillow ZHVI
Median Rent
$880/mo
33% below avg
Price-to-Rent Ratio
19.9x
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 90.7%
Renter-occupied 9.3%

💰 Estimated Monthly Budget

Rent median rent
$880
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,494/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
26.3 min
3% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.1%

Commute Mode

Drove alone
79.4%
Carpooled
11.5%
Work from home
9.1%

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
$99,091
33% above avg
Per Capita Income
$46,583
Unemployment Rate
0.0%
100% below avg
Poverty Rate
5.5%
Labor Force Participation
70.0%

🎓 Education

Bachelor's degree+ 31.6%
Graduate degree 23.0%

👥 Demographics

Median Age 36.1
Male median age 35.8
Female median age 37.6

Frequently Asked Questions

What is the cost of living in Metamora, IL?

Metamora has a cost index of 68 (100 = national average). It is 32% below the national average.

What is average rent in Metamora, IL?

The median gross rent in Metamora is $880 per month based on 2023 Census data.

What is the average home price in Metamora?

The median home value in Metamora is $209,800 according to Zillow and Census data.

What is the median income in Metamora?

The median household income in Metamora is $99,091 per year (2023 ACS 5-year estimates).

What is the sales tax in Metamora, IL?

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

Is Metamora, IL affordable?

Yes, Metamora is generally considered affordable, with a cost of living index of 68 — about 32% below the US national average of 100.

Metamora at a Glance

Population
4,094
Median Income
$99,091
Home Value
$209,800
Median Rent
$880/mo
Unemployment
0.0%
Sales Tax
8.7%
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🗺️ County data for Illinois

Explore county-level cost of living data

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