Morris, IL

Below Avg · 82

Illinois · Population 14,775 · Updated March 2026

$1,141
Median Rent / Month
$72,357
Median Income
$244,400
Median Home Value
$1,290
Owner Costs / Month

Affordability

How far your income goes in Morris

18.9%
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

$13,692
Annual Rent
$3,582
State Income Tax
$5,059
Property Tax (est.)

Cost of Living Overview

Morris is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 82 (where 100 equals the national median), Morris residents can expect to pay median rent of $1,141/month while earning a median household income of $72,357/year.

The median home value in Morris, IL is $244,400, with typical monthly owner costs around $1,290 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.9% 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 Morris.

Frequently Asked Questions

Common questions about living costs in Morris

What is the cost of living in Morris, IL?
The cost of living index in Morris, IL is 82 (US average = 100). Median monthly rent is $1,141, median household income is $72,357/year, and the median home value is $244,400.
Is Morris, IL affordable?
Yes, Morris is more affordable than the national average with a cost index of 82. The rent-to-income ratio is 18.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Morris, IL?
The median gross rent in Morris, IL is $1,141 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,692.
What is the median household income in Morris?
The median household income in Morris, IL is $72,357 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%.