Mahomet, IL

Living costs in Mahomet land close to the national average, with a Cost Index of 95 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $293,200, and typical monthly rents run around $1,202. Groceries and utilities are slightly below what you would find in most US cities.

Start with housing. Typical monthly rent is $1,202, while local median household income is $114,904. That implies a rent-burden proxy of about 13% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Illinois has a progressive state income tax with a top rate of 4.95%. The effective property tax rate is 2.07%. On a home worth $293,200, that translates to roughly $6,069 per year in property taxes. Sales tax (state + local) averages around 8.82% on everyday purchases.

The typical monthly rent in Mahomet is around $1,202. That's roughly 11% lower than the $1,348 national median. For comparison, the median home value here is $293,200, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Mahomet is valued at $293,200. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,483/month for principal and interest alone — before property taxes and insurance. About 81% of residents here own their homes.

Grocery prices in Mahomet are more affordable compared to the rest of the US (index: 94, where 100 is the national average). Utility bills (electricity, gas, water) are about typical (index: 90). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Mahomet is a small town with a population of about 9,755. The median age of residents is 36.5, which is close to the national median. The local poverty rate is 3.94%, well below the national average of 12.4%.