Illinois · Census, HUD and BEA figures · Updated

Cost of Living in Richland County, IL

Prices around Richland County, IL run about the same as the U.S. average (BEA, Illinois). The typical household there earns $62,455 a year, and HUD puts a two-bedroom at $916 a month. Keeping that rent under 30% of income takes about $36,640 a year.

Richland County, IL at a glance

Median household income

$62,455$5,205 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$916HUD FY2026 Fair Market Rent
Price level (U.S. = 100)100.0+0% · BEA, Illinois
Electricity19.9¢per kWh · EIA Residential IL
Population15,598Census ACS 5-year estimate

How much rent can you afford in Richland County, IL?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$916Monthly market rent
Share of gross income17.6%Recommended max: 30%
Annual income needed$36,640To meet the 30% standard
Max affordable rent$1,561At 30% of $62,455
0%30% (Affordability standard)100%
Compare against:

How much is rent in Richland County, IL? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Richland County, IL, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Richland County, IL, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$632$7,584$25,28012.1%
1-Bedroom Apartment$729$8,748$29,16014%
2-Bedroom ApartmentBenchmark$916$10,992$36,64017.6%
3-Bedroom Home$1,098$13,176$43,92021.1%
4-Bedroom Home$1,390$16,680$55,60026.7%

Rent in Richland County, IL, with the wage each unit needs →

What a typical income covers in Richland County, IL

The 50/30/20 rule applied to the local median of $62,455 a year ($5,205 a month before tax).

Needs (50%)$2,602/moRent ($916 2-BR), utilities (~$179/mo), groceries, transit
Wants (30%)$1,561/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,041/moEmergency fund, retirement, paying down loans

What $62,455 leaves after Illinois taxes

Federal income tax, Social Security, Medicare and Illinois tax on the local median income. Change the salary to see yours.

$62,455
$20,000$125,000
Filing status:
Gross salary breakdown$62,455
Net 79%
Fed 9%
IL 5%
FICA 8%
Annual take-home$49,416After all taxes
Monthly deposit$4,118Estimated per month
Biweekly paycheck$1,901Every 2 weeks (26/yr)
Effective tax rate20.9%Total tax burden
Federal income tax$5,315 / yr
Illinois state income tax$2,947 / yr
FICA (Social Security & Medicare)$4,778 / yr

Living in Richland County, IL: common questions

What is the median household income in Richland County, IL?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Richland County, IL is $62,455 per year (approximately $5,205 per month).

What is the average rent in Richland County, IL?

The closest official figure is HUD's Fair Market Rent for 2026: $632 for a studio, $729 for one bedroom, $916 for two, $1,098 for three and $1,390 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Richland County, IL expensive to live in?

Prices there run about the same as the U.S. average. BEA's regional price parity for Illinois is 100.0, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Richland County, IL?

To keep a $916 two-bedroom under 30% of gross income, a household needs about $36,640 a year, or $3,053 a month. That is 59% of what the typical household in Richland County, IL earns.

How much do you need to live comfortably in Richland County, IL?

On the local median income of $62,455 ($5,205 a month before tax), the 50/30/20 rule leaves $2,602 a month for needs like rent, utilities and groceries, $1,561 for everything else and $1,041 for savings or debt. A two-bedroom at $916 takes 35% of the needs share.

How much is the electric bill in Richland County, IL?

Homes in Illinois paid 19.9¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $179. Your bill depends mostly on heating and cooling.