Rantoul, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Rantoul, IL Summary

Cost of living in Rantoul 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 Rantoul 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 Rantoul is 80, with 100 being the average.

  • The cost of living index in Rantoul is 0.8x lower than the national average.

  • Rantoul ranks as the #14 cheapest in Illinois out of 338.

  • Rantoul ranks as the #211 cheapest out of 6,412 in the US.

  • The median home value in Rantoul is $89,700.

  • The median income in Rantoul is $44,130.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
80
Rantoul's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Rantoul, IL?

According to the most recent data on the cost of living, Rantoul has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.

Compared to Illinois, Rantoul has a cost of living index that's 0.9x lower than Illinois's index of 92.

The standard of living in Rantoul ranks as #14 most affordable out of the 338 places we measured in Illinois. By definition, that implies Rantoul ranks as the #324 most expensive place in the Prairie State.

For more reading on life in Rantoul, check out:

14 out of 338
In Illinois
211 out of 6,412
In America

Rantoul Cost Of Living Vs. Illinois

Six factors go into calculating the cost of living index in Rantoul. Here is how it fairs on each of the criteria:

  • The Services index in Rantoul is 89.

  • The Groceries index in Rantoul is 93.

  • The Health index in Rantoul is 102.

  • The Housing index in Rantoul is 57.

  • The Transportation index in Rantoul is 99.

  • The Utilities index in Rantoul is 97.

Living Expense Rantoul Illinois National Average
Overall 80 92 100
Services 89 95 100
Groceries 93 98 100
Health 102 96 100
Housing 57 81 100
Transportation 99 105 100
Utilities 97 90 100
For more reading on cost of living around Illinois, check out:
Rantoul Cost of Living Vs. IL

Rantoul, 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 2017-2021. The key points are:

  • The Median Home Value in Rantoul is $89,700.

  • The Median Rent in Rantoul is $846.

  • The Median Income in Rantoul is $44,130.

  • The Home Value To Income in Rantoul is 2.0x.

  • The Rent To Monthly Income in Rantoul is 0.23x.

Statistic Rantoul Illinois United States
Median Home Value $89,700 $212,600 $244,900
Median Rent $846 $1,097 $1,163
Median Income $44,130 $72,563 $69,021
Home Value To Income 2.0x 2.9x 3.5x
Rent To Monthly Income 0.23x 0.18x 0.2x
Search Homes For Sale In Rantoul, IL
$89,700
Median Home Value
$846
Median Rent
$44,130
Median Income

Rantoul, IL Costs By Category

Detailed Rantoul Services Costs Vs. Illinois

Item Rantoul Illinois
Shampoo $1.04 $1.06
Movie $10.0 $10.68
Bowling $15.0 $14.67
Haircut $20.83 $18.62
Beauty Salon $40.11 $39.05

Detailed Rantoul Groceries Costs Vs. Illinois

Item Rantoul Illinois
Ground Beef $4.26 $4.22
Fried Chicken $1.37 $1.39
Milk $2.22 $2.05
Potatoes $2.94 $3.29
Pizza $12.39 $10.62
Beer $8.5 $9.38
Toothpaste $2.63 $2.34

Detailed Rantoul Health Costs Vs. Illinois

Item Rantoul Illinois
Optometrist $79.14 $108.57
Doctor $121.67 $116.17
Dentist $103.67 $99.13

Detailed Rantoul Transportation Costs Vs. Illinois

Item Rantoul Illinois
Gasoline $2.28 $2.22
Tire Balancing $43.67 $50.07

Detailed Rantoul Utilities Costs Vs. Illinois

Item Rantoul Illinois
All Electricity $153.31 $167.67
Phone $191.29 $175.64

Rantoul SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
5
Affordability
8
Diversity
9
Safety
N/A
Amenities
8.5
Education
6
Commute
8.5

Cost Of Living In Cities Around Rantoul

The cost of living varies in the cities and towns around Rantoul. 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 93, 1.2x Rantoul.

  • Bloomington, IL has a cost of living index of 94, 1.2x Rantoul.

  • Normal, IL has a cost of living index of 95, 1.2x Rantoul.

City Population Cost Of Living Vs. Rantoul
Champaign, IL 88,343 93 1.2x
Bloomington, IL 78,372 94 1.2x
Normal, IL 53,446 95 1.2x
Urbana, IL 39,189 91 1.1x
Pontiac, IL 11,766 86 1.1x
Mahomet, IL 9,297 100 1.2x
Savoy, IL 8,793 99 1.2x
Clinton, IL 7,016 80 1.0x
Monticello, IL 6,202 94 1.2x

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