Cost of Living in Rantoul, IL
Population 12,515 · Illinois · Data vintage 2023
(100 = US avg)
Rantoul sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Rantoul lies roughly 85 miles east of the nearest major metro, Peoria — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 27% lower than Peoria's $150,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Rantoul
The median home value in Rantoul is $109,200 — 64% below the national median of $305,000. Median rent runs $899/month, 32% lower than the national median of $1,314/month. The median household income of $49,821/year is 33% lower than the US median of $74,580. The local unemployment rate is 3.6%, 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%. The climate averages highs of 63.6°F and lows of 41.1°F. Overall, Rantoul has a cost of living index of 49 versus the US average of 100, meaning it is 51% 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 34 | 40 | 51 | 64 | 75 | 85 | 88 | 86 | 81 | 67 | 52 | 40 |
| Low °F | 16 | 20 | 29 | 40 | 51 | 62 | 64 | 62 | 54 | 42 | 31 | 22 |
| Precip" | 2.54 | 2.01 | 2.58 | 3.98 | 4.33 | 4.61 | 4.44 | 3.86 | 3.28 | 3.32 | 3.19 | 2.21 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Rantoul, IL?
Rantoul has a cost index of 49 (100 = national average). It is 51% below the national average.
What is average rent in Rantoul, IL?
The median gross rent in Rantoul is $899 per month based on 2023 Census data.
What is the average home price in Rantoul?
The median home value in Rantoul is $109,200 according to Zillow and Census data.
What is the median income in Rantoul?
The median household income in Rantoul is $49,821 per year (2023 ACS 5-year estimates).
What is the sales tax in Rantoul, IL?
The combined state and local sales tax rate in Rantoul is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Rantoul, IL affordable?
Yes, Rantoul is generally considered affordable, with a cost of living index of 49 — about 51% below the US national average of 100.
What is the weather like in Rantoul?
Rantoul has average high temperatures of 63.6°F and average lows of 41.1°F. Annual precipitation is 40.4". Data from NOAA 1991–2020 Climate Normals.
Rantoul at a Glance
- Population
- 12,515
- Median Income
- $49,821
- Home Value
- $109,200
- Median Rent
- $899/mo
- Unemployment
- 3.6%
- Avg High Temp
- 63.6°F
- Sales Tax
- 8.7%
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Explore county-level cost of living data
Illinois Rankings
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