Cost of Living in Menominee, IL

With a cost of living index of 75, Menominee, IL is a very affordable place to live. Living here is 25% cheaper than the national average and 4% below the Illinois state average of 80. Menominee is a small community of 275 residents.

Housing costs are the biggest factor in Menominee's cost of living. The median monthly rent is $694 (47% below the US median of $1,319), and the median home value sits at $253,100 (17% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Menominee is $115,000, which is 53% higher than the national median of $75,149. Residents spend roughly 7% 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 Menominee. The area sees an average annual temperature of 47.2°F, with summers averaging 70°F and winters around 22°F. Annual rainfall totals 38.2 inches spread over roughly 118 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.