Cost of Living in Decatur, IL
Population: 70,368 • 2026 Data
$50,809
Median Household Income
-34% vs national
$796
Median Monthly Rent
-41% vs national
$97,300
Median Home Value
-71% vs national
8.9%
Unemployment Rate
Housing in Decatur
The median home value in Decatur, IL is $97,300. Monthly rent for a typical unit averages $796, while total monthly housing costs (including utilities and insurance) average $791.
Rent-to-income ratio: 18.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Decatur, IL is $50,809. The unemployment rate stands at 8.9%, with a labor force of 31,832 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.