Urbana, IL Cost Of Living
Cost Of Living In Urbana, IL Summary
Cost of living in Urbana 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 Urbana 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 Urbana is 91, with 100 being the average.
The cost of living index in Urbana is 0.9x lower than the national average.
Urbana ranks as the #86 cheapest in Illinois out of 336.
Urbana ranks as the #1,347 cheapest out of 6,489 in the US.
The median home value in Urbana is $195,814.
The median income in Urbana is $45,854.
Table Of Contents
Urbana's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Urbana, IL?
According to the most recent data on the cost of living, Urbana has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Illinois, Urbana has a cost of living index that's 0.9x lower than Illinois's index of 97.
The standard of living in Urbana ranks as #86 most affordable out of the 336 places we measured in Illinois. By definition, that implies Urbana ranks as the #250 most expensive place in the Prairie State.
For more reading on life in Urbana, check out:
In Illinois
In America
Urbana Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Urbana. Here is how it fairs on each of the criteria:
The Services index in Urbana is 102.
The Groceries index in Urbana is 96.
The Health index in Urbana is 87.
The Housing index in Urbana is 84.
The Transportation index in Urbana is 99.
The Utilities index in Urbana is 91.
| Living Expense | Urbana | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 91 | 97 | 100 | |
| Services | 102 | 95 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 87 | 93 | 100 | |
| Housing | 84 | 95 | 100 | |
| Transportation | 99 | 102 | 100 | |
| Utilities | 91 | 91 | 100 | |
Urbana, 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 Urbana is $195,814.
The Median Rent in Urbana is $951.
The Median Income in Urbana is $45,854.
The Home Value To Income in Urbana is 4.3x.
The Rent To Monthly Income in Urbana is 0.25x.
Median Home Value
Median Rent
Median Income
Urbana, IL Costs By Category
Detailed Urbana Services Costs Vs. Illinois
Detailed Urbana Groceries Costs Vs. Illinois
Detailed Urbana Health Costs Vs. Illinois
Detailed Urbana Transportation Costs Vs. Illinois
Detailed Urbana Utilities Costs Vs. Illinois
Urbana SnackAbility
/10
Cost Of Living In Cities Around Urbana
The cost of living varies in the cities and towns around Urbana. 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 95, 1.0x Urbana.
Bloomington, IL has a cost of living index of 98, 1.1x Urbana.
Charleston, IL has a cost of living index of 92, 1.0x Urbana.
| City | Population | Cost Of Living | Vs. Urbana |
|---|---|---|---|
| Champaign, IL | 88,822 | 95 | 1.0x |
| Bloomington, IL | 78,703 | 98 | 1.1x |
| Charleston, IL | 17,212 | 92 | 1.0x |
| Mattoon, IL | 16,334 | 78 | 0.9x |
| Rantoul, IL | 12,515 | 84 | 0.9x |
| Mahomet, IL | 9,755 | 104 | 1.1x |
| Savoy, IL | 8,807 | 105 | 1.2x |
| Clinton, IL | 7,012 | 75 | 0.8x |
| Monticello, IL | 6,332 | 99 | 1.1x |
| Mount Zion, IL | 6,076 | 84 | 0.9x |
