Cost of Living in Momence, IL
Population 3,076 · Illinois · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Momence a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $160,000. At 6.1%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 35 miles southeast of Joliet, Momence falls within that metro's commuting orbit. Median home values run roughly 36% lower than Joliet's $249,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Momence
The median home value in Momence is $159,600 — 48% below the national median of $305,000. Median rent runs $803/month, 39% lower than the national median of $1,314/month. The median household income of $52,048/year is 30% lower than the US median of $74,580. The local unemployment rate is 6.1%, 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, Momence has a cost of living index of 56 versus the US average of 100, meaning it is 44% less expensive.
Momence 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 Momence, IL?
Momence has a cost index of 56 (100 = national average). It is 44% below the national average.
What is average rent in Momence, IL?
The median gross rent in Momence is $803 per month based on 2023 Census data.
What is the average home price in Momence?
The median home value in Momence is $159,600 according to Zillow and Census data.
What is the median income in Momence?
The median household income in Momence is $52,048 per year (2023 ACS 5-year estimates).
What is the sales tax in Momence, IL?
The combined state and local sales tax rate in Momence is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Momence, IL affordable?
Yes, Momence is generally considered affordable, with a cost of living index of 56 — about 44% below the US national average of 100.
Momence at a Glance
- Population
- 3,076
- Median Income
- $52,048
- Home Value
- $159,600
- Median Rent
- $803/mo
- Unemployment
- 6.1%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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