Cost of Living in Mounds, IL
Population: 855 | Illinois
Mounds is 24% less expensive than the national average.
Cost of Living in Mounds, IL: What You Need to Know
With a cost of living index of 76, Mounds, IL is a very affordable place to live. Living here is 24% cheaper than the national average and 4% below the Illinois state average of 80. Mounds is a small community of 855 residents.
The median household income in Mounds is $27,333, which is 64% lower than the national median of $75,149. Residents spend roughly 25% 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 Mounds. 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.
Income
- Median Household Income
- $27,333
- vs US Median ($75,149)
- -64%
Housing
- Median Rent
- $559/mo
- Median Monthly Housing Cost
- $426/mo
Climate in Mounds
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 43 | 48 | 59 | 70 | 78 | 86 | 89 | 88 | 82 | 71 | 58 | 47 |
| Avg °F | 35 | 39 | 48 | 59 | 68 | 76 | 79 | 78 | 71 | 59 | 48 | 38 |
| Low °F | 26 | 30 | 38 | 48 | 58 | 66 | 70 | 68 | 60 | 48 | 37 | 30 |
| Rain" | 3.8 | 3.9 | 4.9 | 5.4 | 5.1 | 4.4 | 4.1 | 3.2 | 3.5 | 4.1 | 4.5 | 4.3 |