Cost of Living in Streator, IL

Population 12,274 · Illinois · Data vintage 2023

41
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 Streator a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $88,000. A poverty rate near 21% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Geographically, Streator is about 45 miles southwest of Joliet, the nearest large metro. Median home values run roughly 65% lower than Joliet's $249,000.

Cost Overview

Housing 29
Rent 59

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

About the Cost of Living in Streator

The median home value in Streator is $88,000 — 71% below the national median of $305,000. Median rent runs $779/month, 41% lower than the national median of $1,314/month. The median household income of $54,953/year is 26% lower than the US median of $74,580. The local unemployment rate is 8.0%, 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, Streator has a cost of living index of 41 versus the US average of 100, meaning it is 59% less expensive.

🏠 Housing

Median Home Value
$88,000
71% below avg
Zillow Home Value
$124,069
Zillow ZHVI
Median Rent
$779/mo
41% below avg
Price-to-Rent Ratio
9.4x
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 61.6%
Renter-occupied 38.4%

💰 Estimated Monthly Budget

Rent median rent
$779
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,393/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
27.3 min
1% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.9%

Commute Mode

Drove alone
83.4%
Carpooled
6.2%
Public transit
0.1%
Walked
4.0%
Bicycle
0.4%
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
$54,953
26% below avg
Per Capita Income
$32,820
Unemployment Rate
8.0%
66% above avg
Poverty Rate
20.6%
Labor Force Participation
61.0%

🎓 Education

Bachelor's degree+ 9.2%
Graduate degree 3.1%

👥 Demographics

Median Age 39.6
Male median age 38.8
Female median age 40

Frequently Asked Questions

What is the cost of living in Streator, IL?

Streator has a cost index of 41 (100 = national average). It is 59% below the national average.

What is average rent in Streator, IL?

The median gross rent in Streator is $779 per month based on 2023 Census data.

What is the average home price in Streator?

The median home value in Streator is $88,000 according to Zillow and Census data.

What is the median income in Streator?

The median household income in Streator is $54,953 per year (2023 ACS 5-year estimates).

What is the sales tax in Streator, IL?

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

Is Streator, IL affordable?

Yes, Streator is generally considered affordable, with a cost of living index of 41 — about 59% below the US national average of 100.

Streator at a Glance

Population
12,274
Median Income
$54,953
Home Value
$88,000
Median Rent
$779/mo
Unemployment
8.0%
Sales Tax
8.7%
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Explore county-level cost of living data

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