Cost of Living in Chestnut, IL

With a cost of living index of 85, Chestnut, IL is a very affordable place to live. Living here is 15% cheaper than the national average and 5% above the Illinois state average of 80. Chestnut is a small community of 297 residents.

The median household income in Chestnut is $51,875, which is 31% lower than the national median of $75,149. 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.