Cost of Living in Shelbyville, IL

Population 4,248 · Illinois · Data vintage 2023

44
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Shelbyville a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $111,000. The labor market has been unusually tight, with unemployment around 1.8% — below most comparable cities in the state.

Located 50 miles southeast of Springfield, Shelbyville is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 28% lower than Springfield's $155,000.

Cost Overview

Housing 36
Rent 55

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

About the Cost of Living in Shelbyville

The median home value in Shelbyville is $111,200 — 64% below the national median of $305,000. Median rent runs $724/month, 45% lower than the national median of $1,314/month. The median household income of $54,400/year is 27% lower than the US median of $74,580. The local unemployment rate is 1.8%, 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, Shelbyville has a cost of living index of 44 versus the US average of 100, meaning it is 56% less expensive.

🏠 Housing

Median Home Value
$111,200
64% below avg
Zillow Home Value
$712,738
Zillow ZHVI
Median Rent
$724/mo
45% below avg
Price-to-Rent Ratio
12.8x
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 60.5%
Renter-occupied 39.5%

💰 Estimated Monthly Budget

Rent median rent
$724
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,338/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
13.4 min
50% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.9%

Commute Mode

Drove alone
78.7%
Carpooled
6.3%
Public transit
0.9%
Walked
4.4%
Bicycle
3.1%
Work from home
4.9%

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
$54,400
27% below avg
Per Capita Income
$32,043
Unemployment Rate
1.8%
62% below avg
Poverty Rate
14.2%
Labor Force Participation
65.0%

🎓 Education

Bachelor's degree+ 11.2%
Graduate degree 6.9%

👥 Demographics

Median Age 45
Male median age 42.7
Female median age 49.3

Frequently Asked Questions

What is the cost of living in Shelbyville, IL?

Shelbyville has a cost index of 44 (100 = national average). It is 56% below the national average.

What is average rent in Shelbyville, IL?

The median gross rent in Shelbyville is $724 per month based on 2023 Census data.

What is the average home price in Shelbyville?

The median home value in Shelbyville is $111,200 according to Zillow and Census data.

What is the median income in Shelbyville?

The median household income in Shelbyville is $54,400 per year (2023 ACS 5-year estimates).

What is the sales tax in Shelbyville, IL?

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

Is Shelbyville, IL affordable?

Yes, Shelbyville is generally considered affordable, with a cost of living index of 44 — about 56% below the US national average of 100.

Shelbyville at a Glance

Population
4,248
Median Income
$54,400
Home Value
$111,200
Median Rent
$724/mo
Unemployment
1.8%
Sales Tax
8.7%
View all cities in Illinois →
🗺️ County data for Illinois

Explore county-level cost of living data

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