Cost of Living in Cave-In-Rock, IL

With a cost of living index of 72, Cave-In-Rock, IL is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and 7% below the Illinois state average of 80. Cave-In-Rock is a small community of 229 residents.

The median household income in Cave-In-Rock is $26,563, which is 65% lower than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.