Cost of Living in Urbana, IL
Population 38,447 · Illinois · Data vintage 2023
(100 = US avg)
Urbana's median household income of $45,854 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (25% here).
Urbana lies roughly 80 miles east of the nearest major metro, Springfield — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 20% higher than Springfield's $155,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Urbana
The median home value in Urbana is $186,300 — 39% below the national median of $305,000. Median rent runs $951/month, 28% lower than the national median of $1,314/month. The median household income of $45,854/year is 39% lower than the US median of $74,580. The local unemployment rate is 5.7%, 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, Urbana has a cost of living index of 66 versus the US average of 100, meaning it is 34% 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Urbana, IL?
Urbana has a cost index of 66 (100 = national average). It is 34% below the national average.
What is average rent in Urbana, IL?
The median gross rent in Urbana is $951 per month based on 2023 Census data.
What is the average home price in Urbana?
The median home value in Urbana is $186,300 according to Zillow and Census data.
What is the median income in Urbana?
The median household income in Urbana is $45,854 per year (2023 ACS 5-year estimates).
What is the sales tax in Urbana, IL?
The combined state and local sales tax rate in Urbana is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Urbana, IL affordable?
Yes, Urbana is generally considered affordable, with a cost of living index of 66 — about 34% below the US national average of 100.
Urbana at a Glance
- Population
- 38,447
- Median Income
- $45,854
- Home Value
- $186,300
- Median Rent
- $951/mo
- Unemployment
- 5.7%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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