Cost of Living in Amboy, IL

With a cost of living index of 71, Amboy, IL is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and 9% below the Illinois state average of 80. Amboy is a small community of 2,396 residents.

Housing costs are the biggest factor in Amboy's cost of living. The median monthly rent is $880 (33% below the US median of $1,319), and the median home value sits at $132,600 (57% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Amboy is $76,667, which is 2% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.