Champaign, IL Cost Of Living
Cost Of Living In Champaign, IL Summary
Cost of living in Champaign research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Champaign is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Champaign is 95, with 100 being the average.
The cost of living index in Champaign is 0.9x lower than the national average.
Champaign ranks as the #115 cheapest in Illinois out of 336.
Champaign ranks as the #1,954 cheapest out of 6,489 in the US.
The median home value in Champaign is $228,281.
The median income in Champaign is $57,544.
Table Of Contents
Champaign's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Champaign, IL?
According to the most recent data on the cost of living, Champaign has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Illinois, Champaign has a cost of living index that's 1.0x lower than Illinois's index of 97.
The standard of living in Champaign ranks as #115 most affordable out of the 336 places we measured in Illinois. By definition, that implies Champaign ranks as the #221 most expensive place in the Prairie State.
For more reading on life in Champaign, check out:
In Illinois
In America
Champaign Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Champaign. Here is how it fairs on each of the criteria:
The Services index in Champaign is 101.
The Groceries index in Champaign is 99.
The Health index in Champaign is 89.
The Housing index in Champaign is 90.
The Transportation index in Champaign is 98.
The Utilities index in Champaign is 90.
| Living Expense | Champaign | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 95 | 97 | 100 | |
| Services | 101 | 95 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 89 | 93 | 100 | |
| Housing | 90 | 95 | 100 | |
| Transportation | 98 | 102 | 100 | |
| Utilities | 90 | 91 | 100 | |
Champaign, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Champaign is $228,281.
The Median Rent in Champaign is $1,103.
The Median Income in Champaign is $57,544.
The Home Value To Income in Champaign is 4.0x.
The Rent To Monthly Income in Champaign is 0.23x.
Median Home Value
Median Rent
Median Income
Champaign, IL Costs By Category
Detailed Champaign Services Costs Vs. Illinois
Detailed Champaign Groceries Costs Vs. Illinois
Detailed Champaign Health Costs Vs. Illinois
Detailed Champaign Transportation Costs Vs. Illinois
Detailed Champaign Utilities Costs Vs. Illinois
Champaign SnackAbility
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Cost Of Living In Cities Around Champaign
The cost of living varies in the cities and towns around Champaign. Here's a quick look at the cost of living in the most populous nearby places:
Urbana, IL has a cost of living index of 91, 1.0x Champaign.
Rantoul, IL has a cost of living index of 84, 0.9x Champaign.
Mahomet, IL has a cost of living index of 104, 1.1x Champaign.
| City | Population | Cost Of Living | Vs. Champaign |
|---|---|---|---|
| Urbana, IL | 38,447 | 91 | 1.0x |
| Rantoul, IL | 12,515 | 84 | 0.9x |
| Mahomet, IL | 9,755 | 104 | 1.1x |
| Savoy, IL | 8,807 | 105 | 1.1x |
| Monticello, IL | 6,332 | 99 | 1.0x |
