Cost of Living in Mark, IL

With a cost of living index of 72, Mark, IL is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and 7% below the Illinois state average of 80. Mark is a small community of 522 residents.

Housing costs are the biggest factor in Mark's cost of living. The median monthly rent is $856 (35% below the US median of $1,319), and the median home value sits at $154,800 (49% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in Mark is $79,911, which is 6% higher than the national median of $75,149. Residents spend roughly 13% 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 Mark. The area sees an average annual temperature of 47.8°F, with summers averaging 70°F and winters around 24°F. Annual rainfall totals 37.4 inches spread over roughly 131 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.