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Cost of Living in Grundy County, IL

Population 53,219 · Census ACS 2020–2024 5-year estimates

Median rent$1,177
Median home value$271,700
Median household income$92,235

The median rent in Grundy County, IL is $1,177/month, 8% lower than the Illinois median and 17% lower than the U.S. median. The median home value is $271,700, 18% lower than the national median. Households earn a median of $92,235 a year, 11% higher than the state median.

Affordability

Rent as a share of median income: 15.3%
Income needed for median rent (30% rule): $47,080/yr
Home price-to-income ratio: 2.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,374/mo

Run your own numbers: mortgage calculator · hourly to salary

Grundy County vs. Illinois vs. U.S.

Grundy CountyIllinoisU.S.
Median rent$1,177$1,274$1,413
Median home value$271,700$263,300$332,700
Median household income$92,235$83,390$80,734
Homeownership rate74.4%67.1%65.2%
Bachelor's degree or higher23.6%37.8%35.7%
Poverty rate6.0%11.8%12.5%
Unemployment rate4.6%5.8%5.2%
Work from home10.0%15.9%15.1%
Median age38.339.038.9

FAQ

What is the average rent in Grundy County, IL?

The median gross rent in Grundy County, IL is $1,177 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Grundy County, IL?

Using the common 30% rule, renting a median-priced home takes about $47,080 a year in gross income.

Is Grundy County, IL expensive to live in?

Rent there is 17% lower than the U.S. median, and the median home costs about 2.9 times the median household income.

Other counties in Illinois

Cook County, ILRent $1,435 · Income $83,498DuPage County, ILRent $1,688 · Income $112,096Lake County, ILRent $1,477 · Income $110,416Will County, ILRent $1,462 · Income $109,984Kane County, ILRent $1,453 · Income $103,163McHenry County, ILRent $1,401 · Income $104,802

Counties with a similar cost of living

Belknap County, NHRent $1,167 · Income $92,783Fairfield County, OHRent $1,172 · Income $90,966Chatham County, NCRent $1,180 · Income $94,317Currituck County, NCRent $1,162 · Income $93,511Northwest Hills Planning Region, CTRent $1,193 · Income $93,551Addison County, VTRent $1,177 · Income $89,639

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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