Calumet, IL

Very Low · 68

Illinois · Population 35,253 · Updated March 2026

$1,138
Median Rent / Month
$53,991
Median Income
$133,600
Median Home Value
$1,170
Owner Costs / Month

Affordability

How far your income goes in Calumet

25.3%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Illinois

State-level tax rates that affect your costs

4.95%
Income Tax (Top Rate)
6.25%
Sales Tax
2.07%
Property Tax Rate

Estimated Annual Costs

$13,656
Annual Rent
$2,673
State Income Tax
$2,766
Property Tax (est.)

Cost of Living Overview

Calumet is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 68 (where 100 equals the national median), Calumet residents can expect to pay median rent of $1,138/month while earning a median household income of $53,991/year.

The median home value in Calumet, IL is $133,600, with typical monthly owner costs around $1,170 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.3%, Calumet falls within the generally affordable range, though it's approaching the 30% burden threshold.

Illinois has a moderate income tax rate of 4.95%. Combined with a 6.25% sales tax rate and 2.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Calumet.

Frequently Asked Questions

Common questions about living costs in Calumet

What is the cost of living in Calumet, IL?
The cost of living index in Calumet, IL is 68 (US average = 100). Median monthly rent is $1,138, median household income is $53,991/year, and the median home value is $133,600.
Is Calumet, IL affordable?
Yes, Calumet is more affordable than the national average with a cost index of 68. The rent-to-income ratio is 25.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Calumet, IL?
The median gross rent in Calumet, IL is $1,138 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,656.
What is the median household income in Calumet?
The median household income in Calumet, IL is $53,991 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Illinois?
Illinois has a top income tax rate of 4.95%, a sales tax of 6.25%, and an effective property tax rate of 2.07%.