Cost of Living in Midlothian, IL

With a cost of living index of 89, Midlothian, IL is a very affordable place to live. Living here is 11% cheaper than the national average and 9% above the Illinois state average of 80. Midlothian is a smaller community of 14,024 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Midlothian's cost of living. The median monthly rent is $1,202 (9% below the US median of $1,319), and the median home value sits at $200,300 (34% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Midlothian is $67,872, which is 10% 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 Midlothian. The area sees an average annual temperature of 52.1°F, with summers averaging 74°F and winters around 29°F. Annual rainfall totals 34.4 inches spread over roughly 121 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Chicago-Naperville-Elgin, IL-IN (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.