Cost of Living in Kilbourne, IL

With a cost of living index of 60, Kilbourne, IL is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 19% below the Illinois state average of 80. Kilbourne is a small community of 272 residents.

Housing costs are the biggest factor in Kilbourne's cost of living. The median monthly rent is $695 (47% below the US median of $1,319), and the median home value sits at $69,200 (77% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Kilbourne is $40,625, which is 46% lower than the national median of $75,149. Residents spend roughly 21% 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.

Climate is another factor for anyone considering a move to Kilbourne. The area sees an average annual temperature of 54°F, with summers averaging 75°F and winters around 31°F. Annual rainfall totals 38 inches spread over roughly 115 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.