What is the cost of living in Mahomet, IL?
According to the most recent data on the cost of living, Mahomet has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to Illinois, Mahomet has a cost of living index that's 1.1x higher than Illinois's index of 98.
The standard of living in Mahomet ranks as #203 most affordable out of the 336 places we measured in Illinois. By definition, that implies Mahomet ranks as the #133 most expensive place in the Prairie State.
For more reading on life in Mahomet, check out:
Mahomet Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Mahomet. Here is how it fares on each of the criteria:
The Services index in Mahomet is 98.
The Groceries index in Mahomet is 98.
The Health index in Mahomet is 123.
The Housing index in Mahomet is 104.
The Transportation index in Mahomet is 99.
The Utilities index in Mahomet is 101.
| Living Expense | Mahomet | Illinois | National Average |
|---|---|---|---|
| Overall | 107 | 98 | 100 |
| Services | 98 | 99 | 100 |
| Groceries | 98 | 99 | 100 |
| Health | 123 | 96 | 100 |
| Housing | 104 | 101 | 100 |
| Transportation | 99 | 99 | 100 |
| Utilities | 101 | 101 | 100 |
Mahomet Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in Mahomet Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Mahomet, 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 2020-2024. The key points are:
The Median Home Value in Mahomet is $339,545.
The Median Rent in Mahomet is $1,396.
The Median Income in Mahomet is $118,586.
The Home Value To Income in Mahomet is 2.9x.
The Rent To Monthly Income in Mahomet is 0.14x.
Mahomet, IL Costs By Category
Detailed Mahomet Services costs vs. Illinois
Detailed Mahomet Groceries costs vs. Illinois
Detailed Mahomet Health costs vs. Illinois
Detailed Mahomet Transportation costs vs. Illinois
Mahomet SnackAbility
Cost Of Living In Cities Around Mahomet
The cost of living varies in the cities and towns around Mahomet. Here's a quick look at the cost of living in the most populous nearby places:
Champaign, IL has a cost of living index of 97, 0.9x Mahomet.
Urbana, IL has a cost of living index of 96, 0.9x Mahomet.
Rantoul, IL has a cost of living index of 88, 0.8x Mahomet.
| City | Population | Cost Of Living | Vs. Mahomet |
|---|---|---|---|
| Champaign, IL | 89,996 | 97 | 0.9x |
| Urbana, IL | 39,341 | 96 | 0.9x |
| Rantoul, IL | 12,421 | 88 | 0.8x |
| Savoy, IL | 8,968 | 107 | 1.0x |
| Monticello, IL | 6,304 | 97 | 0.9x |
