Cost of Living in Perry, IL

With a cost of living index of 55, Perry, IL is one of the most affordable cities in the country. Living here is 45% cheaper than the national average and 25% below the Illinois state average of 80. Perry is a small community of 254 residents.

Housing costs are the biggest factor in Perry's cost of living. The median monthly rent is $475 (64% below the US median of $1,319), and the median home value sits at $81,700 (73% below the national median of $304,900). At current prices, the median home costs roughly 1.6x the median household income — well within traditional affordability guidelines.

The median household income in Perry is $50,625, which is 33% lower than the national median of $75,149. Residents spend roughly 11% 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 Perry. The area sees an average annual temperature of 53°F, with summers averaging 75°F and winters around 30°F. Annual rainfall totals 36.4 inches spread over roughly 109 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.