Cost of Living in Urbana, IL
Population: 38,447 • 2026 Data
$45,854
Median Household Income
-41% vs national
$951
Median Monthly Rent
-29% vs national
$186,300
Median Home Value
-45% vs national
5.7%
Unemployment Rate
Housing in Urbana
The median home value in Urbana, IL is $186,300. Monthly rent for a typical unit averages $951, while total monthly housing costs (including utilities and insurance) average $976.
Rent-to-income ratio: 24.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Urbana, IL is $45,854. The unemployment rate stands at 5.7%, with a labor force of 20,221 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.