Cost of Living in Nilwood, IL

With a cost of living index of 77, Nilwood, IL is a very affordable place to live. Living here is 23% cheaper than the national average and 3% below the Illinois state average of 80. Nilwood is a small community of 140 residents.

The median household income in Nilwood is $46,563, which is 38% lower than the national median of $75,149. 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 Nilwood. The area sees an average annual temperature of 54°F, with summers averaging 75°F and winters around 31°F. Annual rainfall totals 38 inches spread over roughly 115 days.

Everyday prices in the St. Louis, MO-IL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower 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.