Cost of Living in Granite City, IL
Cost of Living in Granite City, IL has an overall index of 67, 33% below the U.S. baseline of 100. The typical home value is $99,800; typical monthly rent is $761; and median household income is $60,490.
Cost index: committed city housing/rent inputs and BEA 2024 metro-area price parities. Home value: Census ACS 2023 fallback place estimate. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Rent and home prices are comparatively balanced with local income. This describes the local market, not your household.
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Frequently asked questions about Granite City
Living in Granite City
Is Granite City, IL an affordable place to live?+
Yes — everyday expenses in Granite City run about 33% below the US average (Cost Index: 67). Housing is especially affordable: the median home is valued around $99,800, compared to the $303,400 national median. Monthly rent is $761, versus $1,348 nationally.
How does Granite City fit a household housing budget?+
Start with housing. Typical monthly rent is $761, while local median household income is $60,490. That implies a rent-burden proxy of about 15% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Granite City, IL?+
Illinois uses a flat model; 4.95% is top marginal-rate context. Applying the 2.07% state-level effective owner-occupied proxy to a home worth $99,800 gives a planning estimate near $2,066 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 8.82%.
How much does it cost to rent in Granite City, IL?+
The typical monthly rent in Granite City is around $761. That's roughly 44% lower than the $1,348 national median. For comparison, the median home value here is $99,800, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Granite City, IL?+
The typical home value in Granite City is $99,800. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $484/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 72% of residents here own their homes.
Are groceries and utilities expensive in Granite City?+
Grocery prices in Granite City are about average compared to the rest of the US (index: 100, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 70). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Granite City, IL like to live in?+
Granite City is a small town with a population of about 26,670. The median age of residents is 40.1, which is close to the national median. The local poverty rate is 16.37%, above the national average of 12.4%.