Cost of Living in Morgan County, IL

What does it cost to live in Morgan County? Income, housing, and affordability breakdown.

Median Income

$61,188

Median Rent

$700/mo

Median Home

$122,000

Affordability

596

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$617
Property Tax$198
Insurance$41

Total Monthly$856
% of Income16.8%

Renting

Median Rent$700
Renter's Insurance$25

Total Monthly$725
% of Income13.7%

Living in Morgan County, Illinois

Morgan County has a median household income of $61,188 with housing costs that represent 16.8% of income for owners and 13.7% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 596 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Illinois

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.