Edwardsville, IL

Average · 92

Illinois · Population 26,543 · Updated March 2026

$1,231
Median Rent / Month
$92,671
Median Income
$286,700
Median Home Value
$1,437
Owner Costs / Month

Affordability

How far your income goes in Edwardsville

15.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$14,772
Annual Rent
$4,587
State Income Tax
$5,935
Property Tax (est.)

Cost of Living Overview

Edwardsville offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 92 (where 100 equals the national median), Edwardsville residents can expect to pay median rent of $1,231/month while earning a median household income of $92,671/year.

The median home value in Edwardsville, IL is $286,700, with typical monthly owner costs around $1,437 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Edwardsville.

Frequently Asked Questions

Common questions about living costs in Edwardsville

What is the cost of living in Edwardsville, IL?
The cost of living index in Edwardsville, IL is 92 (US average = 100). Median monthly rent is $1,231, median household income is $92,671/year, and the median home value is $286,700.
Is Edwardsville, IL affordable?
Yes, Edwardsville is more affordable than the national average with a cost index of 92. The rent-to-income ratio is 15.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Edwardsville, IL?
The median gross rent in Edwardsville, IL is $1,231 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,772.
What is the median household income in Edwardsville?
The median household income in Edwardsville, IL is $92,671 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%.