Cost of Living in Coalton, IL

With a cost of living index of 64, Coalton, IL is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 16% below the Illinois state average of 80. Coalton is a small community of 280 residents.

Housing costs are the biggest factor in Coalton's cost of living. The median monthly rent is $775 (41% below the US median of $1,319), and the median home value sits at $81,000 (73% below the national median of $304,900). At current prices, the median home costs roughly 1.1x the median household income — well within traditional affordability guidelines.

The median household income in Coalton is $76,250, which is 1% higher than the national median of $75,149. Residents spend roughly 12% 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.