The 10 Cheapest Places To Live In Illinois For 2022

We used data and science to determine which places in Illinois go easy on your wallet.

HomeSnacks is reader-supported. When you click through real estate links on our site, we earn an affiliate commission. Learn more.

You don’t have to win the lottery or detassel hundreds of acres of corn by yourself, to live in most cities in Illinois: it’s extremely affordable.

Yes, learning the value of the dollar is important, but you don’t want to stress about it daily when looking for a great place to live, good food, and low cost of living. Well, you don’t have to look any further if you choose Illinois to set up shop. The Land of Lincoln is one of the most affordable in the country.

Most people think that Illinois cities are filled with a bunch of fancy steakhouses, Lincolnshire snobs, and a boatload of wealthy farmers. While all this might be true for some Illinois cities, the country bumpkins and city folk of this Midwest state would beg to differ. Illinois cities have a lot to offer to all income levels; and surprisingly, there are cities in this flyover state that won’t break your bank.

Now, don’t go all crazy and drown your financial woes at the local Family Dollar. Just because The Prairie State is affordable, doesn’t mean it’s all ‘subsidized housing’ cheap. It means the cost of living is doable. And that means you have more money to do the fun stuff that Illinois has to offer: like buying Chicago Bears’ season tickets or taking an RV trip to the Shawnee National Forest. #GoBears

So, grab yourself a fried tenderloin the size of your head and a cold pop, and read on.

The 10 Most Affordable Places To Live In Illinois

  1. Monmouth
  2. Hillsboro
  3. Olney
  4. Pana
  5. Creve Coeur
  6. Salem
  7. East Alton
  8. Granite City
  9. Chester
  10. Jerseyville

What does the most affordable place to live in Illinois look like? Well, after crunching data from the US Census in terms of median housing costs, median income, and overall cost of living for cities with over 5,000 residents, Monmouth brings home the bacon as the cheapest place in Illinois.

And even though Monmouth may be the cheapest, every place in the top ten let’s you live like a king on a pauper’s salary.

So, if you care about home values, cost of living, and high quality of life, take a look at the list below to find the most affordable places in Illinois, where your salary will let you live like royalty.

And if you already knew these places were cheap, check out some more reading about Illinois and the cheapest places in the country:

The 10 Cheapest Places To Live In Illinois For 2022

The county seat of Warren County in the western part of the state, Monmouth ranks as the most affordable place to call home in Illinois. Rent in Monmouth is the seventh cheapest statewide, with a median price tag of $580.

If you decide to make Monmouth your permanent home, the median price of a home here is very reasonable at $79,200, especially considering that the average household here earns $50,740 annually. Low housing costs are just part of why Monmouth’s overall cost of living score is only 79.

And just because it’s affordable doesn’t mean that Monmouth skimps on quality of life. There are plenty of local museums around, for starters. There’s also the annual Prime Beef Festival, which takes place the week after Labor Day each year.

It kicks off with one of the largest parades in Western Illinois, so be ready to celebrate if you’re moving to Monmouth.

Overall SnackAbility


Population: 8,837
Rank Last Year: 6 (Up 5)
Home Price To Income Ratio: 1.6x (8th most affordable)
Income To Rent Ratio: 87.5x (32cheapest)
More On Monmouth: Real Estate | Crime Rate | Cost Of Living

Monmouth, IL

Source: Public domain

Hillsboro is the second most affordable city in Prairie State, mostly thanks to having the third lowest home price to income ratio in Illinois. The median home price in Hillsboro is $89,400, but when you’re earning a median income of $61,293, the mortgage will be paid off before you know it. At $689/month, Hillsboro has the highest median rent on this list, but thanks to the city’s solid median income, it doesn’t have the worst rent to income ratio. If you’re still trying to maximize your savings in Hillsboro, bird-watching at Bremer Sanctuary won’t cost you a dime.

In what’s becoming a pattern, Hillsboro is just an hour outside of Springfield.

Overall SnackAbility


Population: 6,177
Rank Last Year: 5 (Up 3)
Home Price To Income Ratio: 1.5x (3rd most affordable)
Income To Rent Ratio: 89.0x (14th cheapest)
More On Hillsboro: Real Estate | Crime Rate | Cost Of Living

Hillsboro, IL

Olney is a city in Richland County, Illinois, United States. The population was 8,631 at the 2000 census. It is the county seat of Richland County.

Overall SnackAbility


Population: 8,872
Rank Last Year: 30 (Up 27)
Home Price To Income Ratio: 1.7x (15th most affordable)
Income To Rent Ratio: 88.8x (256th cheapest)
More On Olney: Real Estate | Crime Rate | Cost Of Living

Olney, IL

Source: Public domain

When it comes to buying a home on a budget, there’s few better on this list than Pana. The city also has a super low unemployment rate, so you should have no trouble getting a job with a median income of $47,701. The median home price in Pana is $74,800, giving the city the ninth lowest ratio of home price to income in Illinois, the best of any city listed here. If you feed yourself on catfish from Pana Lake, you can further cut down on both your entertainment and food budget all at once.

Pana is located about an hour southeast of Springfield.

Overall SnackAbility


Population: 5,338
Rank Last Year: 3 (Down 1)
Home Price To Income Ratio: 1.6x (9th most affordable)
Income To Rent Ratio: 76.4x (6th cheapest)
More On Pana: Real Estate | Cost Of Living

Pana, IL

Creve Coeur wasn’t even in the top 50 cheapest places to live in Illinois last year, so this jump up to the #5 spot represents a seismic shift in the village’s affordability. To what can we attribute this massive change? A combination of higher pay and lower home prices give Creve Coeur the 16th best ratio of home price to income in the state. Folks in Creve Coeur earned a median income of $46,250 and paid a median price of $76,800 in 2022. If you’ve already got all the gear you need, mountain-biking at Creve Couer Independence Park is a cheap way to spend your weekends.

Creve Coeur is a suburb of Peoria.

Overall SnackAbility


Population: 5,074
Rank Last Year: 4 (Down 1)
Home Price To Income Ratio: 1.7x (16th most affordable)
Income To Rent Ratio: 75.3x (167th cheapest)
More On Creve Coeur: Real Estate | Cost Of Living

Creve Coeur, IL

Located in southwestern Illinois about 70 miles east of Saint Louis, is Salem — the sixth most affordable place to live in illinois. This stop off of I-57 boasts an overall cost of living about 20% lower than the state average thanks in large part to affordable costs of housing. The median home price is $78,900, while rent is the 24th cheapest in illinois at $638.

In terms of what all of this affordability buys you, Salem offers affordable options for things to do with the whole family from local disc golf courses to the town’s aquatic center. You can also peruse the offerings at local, small town antique shops and fine dining on main street.

Overall SnackAbility


Population: 6,988
Rank Last Year: 33 (Up 27)
Home Price To Income Ratio: 1.6x (14th most affordable)
Income To Rent Ratio: 75.3x (267th cheapest)
More On Salem: Real Estate | Crime Rate | Cost Of Living

Salem, IL

Source: Public domain

East Alton is a village in Madison County, Illinois, United States. The population was 6,301 at the 2010 census.

Overall SnackAbility


Population: 6,021
Rank Last Year: 55 (Up 48)
Home Price To Income Ratio: 1.5x (5th most affordable)
Income To Rent Ratio: 73.8x (139th cheapest)
More On East Alton: Real Estate | Crime Rate | Cost Of Living

Granite City is a city in Madison County, Illinois, United States, within the Greater St. Louis metropolitan area. The population was 29,849 at the 2010 census, making it the second largest city in the Metro East and Southern Illinois regions, behind Belleville. Officially founded in 1896, Granite City was named by the Niedringhaus brothers, William and Frederick, who established it as a steel making company town for the manufacture of kitchen utensils made to resemble granite.

Overall SnackAbility


Population: 28,563
Rank Last Year: 18 (Up 10)
Home Price To Income Ratio: 1.6x (7th most affordable)
Income To Rent Ratio: 74.8x (244th cheapest)
More On Granite City: Real Estate | Crime Rate | Cost Of Living

Granite City, IL

Chester is a city in and the county seat of Randolph County, Illinois, United States, on a bluff above the Mississippi River. The population was 8,586 at the 2010 census. It lies 61 miles south of St. Louis, Missouri.

Overall SnackAbility


Population: 8,264
Rank Last Year: 17 (Up 8)
Home Price To Income Ratio: 1.9x (33rd most affordable)
Income To Rent Ratio: 85.1x (89th cheapest)
More On Chester: Real Estate | Crime Rate | Cost Of Living

Chester, IL

Jerseyville is a city in Jersey County, Illinois, United States. As of the 2010 U.S. census, the city had a total population of 8,465. It is the county seat of Jersey County, and is the largest city in the county.

Overall SnackAbility


Population: 7,860
Rank Last Year: 51 (Up 41)
Home Price To Income Ratio: 1.9x (38th most affordable)
Income To Rent Ratio: 91.9x (143rd cheapest)
More On Jerseyville: Real Estate | Crime Rate | Cost Of Living

Jerseyville, IL

Cheapest Places To Live In Illinois FAQs

What county in Illinois has the lowest cost of living?

The county in Illinois with the lowest cost of living is Kane County. The average living wage in Kane County is $100,148 according to MIT data. Kane County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Illinois as a whole. Childcare costs $20,904 a year in Kane County for two children compared to the Illinois average of $17,909. Housing costs, defined as a blend of the average rent and average mortgage payment, are $15,588 per year in Kane County compared to $13,649 on average in Illinois.

What is the cost of living in Illinois?

The cost of living in Illinois is 5.3% higher than the US average. According to MIT, the required living wage for a family of four with two working parents in Illinois is $94,525 vs the national average for a family of four with two working parents of $89,744. The median income of a Illinois household is $68,428.

What is the cheapest housing market in Illinois?

The cheapest housing market in Illinois is Park City. The average home value in Park City is $23,200, the lowest in the state. The average home value in Illinois is $202,100, almost 8.7 times higher than Park City.

Methodology: How We Determined The Most Affordable Places To Live In The Prairie State For 2022

Map Of The Cheapest Places To Live In Illinois
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2016-2020 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Illinois to figure out which is the least expensive.

What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 329 places in Illinois that have more than 5,000 people.

The place with the lowest cost of living in Illinois according to the data is Monmouth. You can download the data here.

Summary: There You Have It Mr. Or Mrs. Illinois Cheapskate

If you’re looking at the cost of living numbers in Illinois, this is an accurate list of the most affordable places to live in Illinois for 2022.

Here’s a look at the most expensive cities in Illinois according to the data:

  1. Lincolnshire
  2. Lincolnwood
  3. Highwood

For more Illinois reading, check out:

The Most Affordable Places To Live In Illinois

Rank City CheapScore Population Home/Income Ratio Income/Rent Ratio
1 Monmouth 24.67 8,837 1.6x 87.5x
2 Hillsboro 27.0 6,177 1.5x 89.0x
3 Olney 28.33 8,872 1.7x 88.8x
4 Pana 36.83 5,338 1.6x 76.4x
5 Creve Coeur 42.0 5,074 1.7x 75.3x
6 Salem 42.33 6,988 1.6x 75.3x
7 East Alton 43.33 6,021 1.5x 73.8x
8 Granite City 44.0 28,563 1.6x 74.8x
9 Chester 44.67 8,264 1.9x 85.1x
10 Jerseyville 45.67 7,860 1.9x 91.9x
11 Litchfield 46.33 6,626 1.9x 82.9x
12 Beardstown 47.33 5,504 1.6x 70.4x
13 Mendota 47.33 6,927 1.8x 84.7x
14 Mount Zion 48.0 5,707 1.8x 115.2x
15 Spring Valley 55.0 5,172 2.0x 84.8x
16 Du Quoin 56.17 5,723 1.7x 68.3x
17 Rock Falls 57.33 8,914 1.6x 67.3x
18 Colona 57.67 5,307 2.0x 93.1x
19 Benton 59.67 6,977 1.7x 67.6x
20 Robinson 61.67 7,431 1.8x 69.0x
21 Rockton 64.33 7,710 1.9x 128.9x
22 Clinton 66.33 6,982 1.7x 67.4x
23 Roscoe 68.0 10,632 1.7x 86.0x
24 Dixon 69.67 15,544 2.0x 72.5x
25 Pekin 70.67 32,796 2.1x 75.3x
26 Canton 70.67 13,600 2.2x 80.2x
27 Kewanee 71.67 12,622 1.5x 62.1x
28 Paris 72.83 8,616 1.8x 65.2x
29 East Peoria 76.0 22,615 2.2x 93.2x
30 Bethalto 76.67 9,258 2.1x 84.4x
31 Centralia 77.67 12,354 1.9x 65.5x
32 Lincoln 78.0 13,742 1.9x 67.8x
33 Lynwood 79.33 9,210 2.0x 81.3x
34 South Beloit 79.67 7,730 2.0x 73.5x
35 Decatur 80.67 71,857 1.9x 66.0x
36 Princeton 81.0 7,589 2.2x 80.6x
37 Sterling 82.33 14,774 1.9x 66.6x
38 Streator 82.33 12,337 1.8x 61.7x
39 Mount Carmel 84.67 6,922 1.8x 62.4x
40 Chatham 85.33 13,231 2.0x 94.7x
41 Murphysboro 86.33 7,727 1.8x 60.7x
42 Wood River 86.33 10,149 1.7x 62.9x
43 Freeport 86.67 23,930 1.7x 59.5x
44 Milan 88.5 5,001 2.0x 69.2x
45 East Moline 88.67 20,683 2.2x 74.5x
46 Belleville 90.33 41,256 1.8x 64.7x
47 Greenville 90.67 6,725 2.4x 77.2x
48 Hoopeston 91.0 5,178 1.6x 56.5x
49 Park City 91.0 7,636 0.5x 54.7x
50 Moline 91.33 41,213 2.2x 73.8x
51 Swansea 93.33 14,100 2.0x 77.2x
52 Lasalle 95.0 9,086 1.9x 64.6x
53 Pontiac 95.33 11,430 1.9x 64.0x
54 Genoa 95.33 5,092 2.2x 78.2x
55 Columbia 96.33 10,692 2.1x 117.9x
56 Mattoon 96.67 17,273 2.1x 64.7x
57 Herrin 97.0 12,806 2.1x 65.9x
58 Highland 97.67 10,122 2.4x 87.1x
59 Jacksonville 98.0 18,784 2.3x 70.6x
60 Bartonville 98.0 6,174 2.0x 65.3x
61 Chillicothe 98.67 6,326 2.2x 71.8x
62 Danville 101.0 30,969 1.8x 54.9x
63 Monticello 101.33 5,815 2.2x 77.4x
64 Mahomet 102.0 8,888 2.1x 119.9x
65 Machesney Park 102.17 22,709 2.0x 66.2x
66 Rock Island 102.67 37,651 2.2x 67.4x
67 Marengo 103.0 7,871 2.3x 77.3x
68 Godfrey 103.5 17,540 2.1x 70.6x
69 Galesburg 105.67 30,405 2.0x 60.0x
70 Peoria Heights 105.67 5,825 1.9x 58.5x
71 Monee 106.5 5,080 2.4x 88.9x
72 Loves Park 107.0 23,274 2.0x 64.8x
73 Mount Vernon 107.33 14,769 1.9x 56.3x
74 Park Forest 110.0 20,715 1.3x 45.2x
75 Silvis 110.0 7,507 2.4x 73.1x
76 University Park 110.67 7,224 2.0x 63.9x
77 Pontoon Beach 111.33 5,822 1.9x 61.3x
78 Sauk Village 111.67 10,319 1.5x 39.1x
79 Alton 112.33 26,490 1.9x 54.4x
80 Antioch 112.5 14,231 2.3x 104.0x
81 Washington 112.67 16,555 2.4x 85.9x
82 Effingham 113.0 12,310 2.6x 83.4x
83 Fairview Heights 113.67 16,143 2.1x 67.4x
84 Cahokia 113.67 14,035 1.6x 33.5x
85 Metropolis 113.67 6,053 2.0x 57.3x
86 Lindenhurst 114.0 14,317 1.9x 73.9x
87 Matteson 114.33 19,374 2.1x 68.8x
88 Mascoutah 117.0 8,454 2.3x 77.0x
89 Taylorville 117.33 10,766 2.2x 61.1x
90 Crete 119.67 8,058 2.2x 69.1x
91 Bloomington 120.0 77,725 2.5x 79.2x
92 Maryville 120.67 7,962 2.5x 94.8x
93 Winthrop Harbor 121.0 6,675 2.3x 79.6x
94 Morton 121.33 15,791 2.5x 90.7x
95 Harrisburg 121.67 8,578 2.1x 54.6x
96 Bourbonnais 122.0 19,639 2.4x 81.8x
97 Troy 123.0 10,278 2.5x 88.5x
98 Shiloh 123.0 13,465 2.5x 98.3x
99 Round Lake Beach 123.33 27,313 1.9x 61.5x
100 Homewood 123.33 18,656 2.1x 66.3x

How Is The Area In ?

Editor’s Note: We updated this article for 2022. This is our ninth time ranking the cheapest places to live in Illinois.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.