Streator, IL

Very Low · 45

Illinois · Population 12,274 · Updated March 2026

$779
Median Rent / Month
$54,953
Median Income
$88,000
Median Home Value
$736
Owner Costs / Month

Affordability

How far your income goes in Streator

17.0%
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

$9,348
Annual Rent
$2,720
State Income Tax
$1,822
Property Tax (est.)

Cost of Living Overview

Streator 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), Streator residents can expect to pay median rent of $779/month while earning a median household income of $54,953/year.

The median home value in Streator, IL is $88,000, with typical monthly owner costs around $736 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.0% 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 Streator.

Frequently Asked Questions

Common questions about living costs in Streator

What is the cost of living in Streator, IL?
The cost of living index in Streator, IL is 45 (US average = 100). Median monthly rent is $779, median household income is $54,953/year, and the median home value is $88,000.
Is Streator, IL affordable?
Yes, Streator is more affordable than the national average with a cost index of 45. The rent-to-income ratio is 17.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Streator, IL?
The median gross rent in Streator, IL is $779 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,348.
What is the median household income in Streator?
The median household income in Streator, IL is $54,953 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%.