Cost of Living in South Beloit, IL
Population 7,930 · Illinois · Data vintage 2023
(100 = US avg)
South Beloit offers a notably favorable income-to-housing ratio for its region. The typical home — $161,000 — costs less than 2 times median household income of $81,836, a threshold many coastal markets passed a decade ago. Unemployment has stayed elevated relative to the national figure — 6.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
South Beloit sits roughly 15 miles north of Rockford — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 33% higher than Rockford's $121,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in South Beloit
The median home value in South Beloit is $160,800 — 47% below the national median of $305,000. Median rent runs $925/month, 30% lower than the national median of $1,314/month. The median household income of $81,836/year is 10% higher than the US median of $74,580. The local unemployment rate is 6.5%, 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, South Beloit has a cost of living index of 60 versus the US average of 100, meaning it is 40% less expensive.
South Beloit 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in South Beloit, IL?
South Beloit has a cost index of 60 (100 = national average). It is 40% below the national average.
What is average rent in South Beloit, IL?
The median gross rent in South Beloit is $925 per month based on 2023 Census data.
What is the average home price in South Beloit?
The median home value in South Beloit is $160,800 according to Zillow and Census data.
What is the median income in South Beloit?
The median household income in South Beloit is $81,836 per year (2023 ACS 5-year estimates).
What is the sales tax in South Beloit, IL?
The combined state and local sales tax rate in South Beloit is 8.7%. The Illinois state income tax top rate is 5.0%.
Is South Beloit, IL affordable?
Yes, South Beloit is generally considered affordable, with a cost of living index of 60 — about 40% below the US national average of 100.
South Beloit at a Glance
- Population
- 7,930
- Median Income
- $81,836
- Home Value
- $160,800
- Median Rent
- $925/mo
- Unemployment
- 6.5%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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