Cost of Living in Morton, IL
Population 16,503 · Illinois · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Morton a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $239,000. The labor market has been unusually tight, with unemployment around 2.7% — below most comparable cities in the state.
Morton sits roughly 12 miles southeast of Peoria — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 60% higher than Peoria's $150,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Morton
The median home value in Morton is $238,900 — 22% below the national median of $305,000. Median rent runs $1,001/month, 24% lower than the national median of $1,314/month. The median household income of $87,760/year is 18% higher than the US median of $74,580. The local unemployment rate is 2.7%, 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, Morton has a cost of living index of 77 versus the US average of 100, meaning it is 23% less expensive.
🏠 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 Morton, IL?
Morton has a cost index of 77 (100 = national average). It is 23% below the national average.
What is average rent in Morton, IL?
The median gross rent in Morton is $1,001 per month based on 2023 Census data.
What is the average home price in Morton?
The median home value in Morton is $238,900 according to Zillow and Census data.
What is the median income in Morton?
The median household income in Morton is $87,760 per year (2023 ACS 5-year estimates).
What is the sales tax in Morton, IL?
The combined state and local sales tax rate in Morton is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Morton, IL affordable?
Yes, Morton is generally considered affordable, with a cost of living index of 77 — about 23% below the US national average of 100.
Morton at a Glance
- Population
- 16,503
- Median Income
- $87,760
- Home Value
- $238,900
- Median Rent
- $1,001/mo
- Unemployment
- 2.7%
- Sales Tax
- 8.7%
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Illinois Rankings
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