Cost of Living in Troy Grove, IL

With a cost of living index of 73, Troy Grove, IL is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 7% below the Illinois state average of 80. Troy Grove is a small community of 269 residents.

Housing costs are the biggest factor in Troy Grove's cost of living. The median monthly rent is $792 (40% below the US median of $1,319), and the median home value sits at $186,300 (39% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Troy Grove is $81,838, which is 9% higher than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Troy Grove. The area sees an average annual temperature of 47.8°F, with summers averaging 70°F and winters around 24°F. Annual rainfall totals 37.4 inches spread over roughly 131 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.