Cost of Living in Virden, IL

Population 3,165 · Illinois · Data vintage 2023

43
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Virden stay well under national norms: a median home value of $99,000 against median household incomes of $78,750 gives the city one of the more comfortable price-to-income ratios in Illinois. Unemployment has stayed elevated relative to the national figure — 8.9% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 20 miles southwest of Springfield, Virden falls within that metro's commuting orbit. Median home values run roughly 36% lower than Springfield's $155,000.

Cost Overview

Housing 32
Rent 60

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

About the Cost of Living in Virden

The median home value in Virden is $98,800 — 68% below the national median of $305,000. Median rent runs $785/month, 40% lower than the national median of $1,314/month. The median household income of $78,750/year is 6% higher than the US median of $74,580. The local unemployment rate is 8.9%, 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, Virden has a cost of living index of 43 versus the US average of 100, meaning it is 57% less expensive.

🏠 Housing

Median Home Value
$98,800
68% below avg
Zillow Home Value
$343,432
Zillow ZHVI
Median Rent
$785/mo
40% below avg
Price-to-Rent Ratio
10.5x
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 69.7%
Renter-occupied 30.3%

💰 Estimated Monthly Budget

Rent median rent
$785
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,399/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
22.5 min
17% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.3%

Commute Mode

Drove alone
71.3%
Carpooled
7.3%
Walked
7.8%
Work from home
11.3%

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
$78,750
6% above avg
Per Capita Income
$32,962
Unemployment Rate
8.9%
85% above avg
Poverty Rate
12.7%
Labor Force Participation
57.0%

🎓 Education

Bachelor's degree+ 8.9%
Graduate degree 4.0%

👥 Demographics

Median Age 38.7
Male median age 38.7
Female median age 38.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 37 — Good
84.9%
Good air days/yr
129
Max AQI recorded
0
PM2.5 days
244
Ozone days

Frequently Asked Questions

What is the cost of living in Virden, IL?

Virden has a cost index of 43 (100 = national average). It is 57% below the national average.

What is average rent in Virden, IL?

The median gross rent in Virden is $785 per month based on 2023 Census data.

What is the average home price in Virden?

The median home value in Virden is $98,800 according to Zillow and Census data.

What is the median income in Virden?

The median household income in Virden is $78,750 per year (2023 ACS 5-year estimates).

What is the sales tax in Virden, IL?

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

Is Virden, IL affordable?

Yes, Virden is generally considered affordable, with a cost of living index of 43 — about 57% below the US national average of 100.

Virden at a Glance

Population
3,165
Median Income
$78,750
Home Value
$98,800
Median Rent
$785/mo
Unemployment
8.9%
Sales Tax
8.7%
View all cities in Illinois →
🗺️ County data for Illinois

Explore county-level cost of living data

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