Cost of Living in Mound City, IL

With a cost of living index of 61, Mound City, IL is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 19% below the Illinois state average of 80. Mound City is a small community of 756 residents.

Housing costs are the biggest factor in Mound City's cost of living. The median monthly rent is $783 (41% below the US median of $1,319), and the median home value sits at $43,900 (86% below the national median of $304,900). At current prices, the median home costs roughly 1.1x the median household income — well within traditional affordability guidelines.

The median household income in Mound City is $39,808, which is 47% lower than the national median of $75,149. Residents spend roughly 24% 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 Mound City. The area sees an average annual temperature of 58.1°F, with summers averaging 78°F and winters around 37°F. Annual rainfall totals 51 inches spread over roughly 0 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.