Cost of Living in Clayton, IL

With a cost of living index of 59, Clayton, IL is one of the most affordable cities in the country. Living here is 41% cheaper than the national average and 21% below the Illinois state average of 80. Clayton is a small community of 597 residents.

Housing costs are the biggest factor in Clayton's cost of living. The median monthly rent is $578 (56% below the US median of $1,319), and the median home value sits at $90,000 (70% below the national median of $304,900). At current prices, the median home costs roughly 1.4x the median household income — well within traditional affordability guidelines.

The median household income in Clayton is $63,438, which is 16% lower than the national median of $75,149. Residents spend roughly 11% 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.