Cost of Living in Champaign, IL
Population: 88,822 • 2026 Data
$57,544
Median Household Income
-26% vs national
$1,103
Median Monthly Rent
-18% vs national
$199,700
Median Home Value
-41% vs national
4.3%
Unemployment Rate
Housing in Champaign
The median home value in Champaign, IL is $199,700. Monthly rent for a typical unit averages $1,103, while total monthly housing costs (including utilities and insurance) average $1,150.
Rent-to-income ratio: 23.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Champaign, IL is $57,544. The unemployment rate stands at 4.3%, with a labor force of 45,399 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.