Macomb, IL

Very Low · 45

Illinois · Population 15,006 · Updated March 2026

$733
Median Rent / Month
$39,753
Median Income
$99,800
Median Home Value
$775
Owner Costs / Month

Affordability

How far your income goes in Macomb

22.1%
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

$8,796
Annual Rent
$1,968
State Income Tax
$2,066
Property Tax (est.)

Cost of Living Overview

Macomb is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 45 (where 100 equals the national median), Macomb residents can expect to pay median rent of $733/month while earning a median household income of $39,753/year.

The median home value in Macomb, IL is $99,800, with typical monthly owner costs around $775 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.1% 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 Macomb.

Frequently Asked Questions

Common questions about living costs in Macomb

What is the cost of living in Macomb, IL?
The cost of living index in Macomb, IL is 45 (US average = 100). Median monthly rent is $733, median household income is $39,753/year, and the median home value is $99,800.
Is Macomb, IL affordable?
Yes, Macomb is more affordable than the national average with a cost index of 45. The rent-to-income ratio is 22.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Macomb, IL?
The median gross rent in Macomb, IL is $733 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $8,796.
What is the median household income in Macomb?
The median household income in Macomb, IL is $39,753 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%.