Cost of Living in Kangley, IL

With a cost of living index of 62, Kangley, IL is one of the most affordable cities in the country. Living here is 38% cheaper than the national average and 18% below the Illinois state average of 80. Kangley is a small community of 321 residents.

Housing costs are the biggest factor in Kangley's cost of living. The median monthly rent is $663 (50% below the US median of $1,319), and the median home value sits at $95,700 (69% below the national median of $304,900). At current prices, the median home costs roughly 1x the median household income — well within traditional affordability guidelines.

The median household income in Kangley is $91,875, which is 22% higher than the national median of $75,149. Residents spend roughly 9% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Kangley. The area sees an average annual temperature of 49.4°F, with summers averaging 71°F and winters around 26°F. Annual rainfall totals 33.8 inches spread over roughly 126 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.