Cost of Living in Pontiac, IL

With a cost of living index of 67, Pontiac, IL is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 12% below the Illinois state average of 80. Pontiac is a smaller community of 11,483 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Pontiac's cost of living. The median monthly rent is $818 (38% below the US median of $1,319), and the median home value sits at $110,200 (64% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in Pontiac is $59,579, which is 21% lower than the national median of $75,149. Residents spend roughly 16% 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 Pontiac. The area sees an average annual temperature of 52.3°F, with summers averaging 74°F and winters around 29°F. Annual rainfall totals 40.4 inches spread over roughly 102 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.