Cost of Living in Makanda, IL

With a cost of living index of 81, Makanda, IL is a very affordable place to live. Living here is 19% cheaper than the national average and in line with the Illinois state average. Makanda is a small community of 550 residents.

Housing costs are the biggest factor in Makanda's cost of living. The median monthly rent is $911 (31% below the US median of $1,319), and the median home value sits at $241,300 (21% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Makanda is $72,083, which is 4% lower than the national median of $75,149. Residents spend roughly 15% 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 Makanda. The area sees an average annual temperature of 56.4°F, with summers averaging 76°F and winters around 36°F. Annual rainfall totals 44 inches spread over roughly 130 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.