Cost of Living in Iola, IL
Population: 71 | Illinois
Iola is 21% less expensive than the national average.
Cost of Living in Iola, IL: What You Need to Know
With a cost of living index of 79, Iola, IL is a very affordable place to live. Living here is 21% cheaper than the national average and in line with the Illinois state average. Iola is a small community of 71 residents.
The median household income in Iola is $45,000, which is 40% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Climate is another factor for anyone considering a move to Iola. The area sees an average annual temperature of 53.4°F, with summers averaging 74°F and winters around 31°F. Annual rainfall totals 36 inches spread over roughly 108 days.
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.
Income
- Median Household Income
- $45,000
- vs US Median ($75,149)
- -40%
Housing
- Median Home Value
- $71,700
- Median Monthly Housing Cost
- $525/mo
Climate in Iola
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 35 | 40 | 52 | 64 | 74 | 83 | 86 | 84 | 79 | 66 | 51 | 40 |
| Avg °F | 28 | 32 | 43 | 54 | 64 | 73 | 76 | 74 | 67 | 56 | 43 | 33 |
| Low °F | 20 | 24 | 33 | 43 | 54 | 63 | 66 | 64 | 56 | 45 | 35 | 26 |
| Rain" | 2.0 | 1.8 | 2.2 | 4.1 | 3.9 | 4.7 | 4.0 | 2.4 | 2.9 | 3.1 | 3.0 | 1.8 |