The cost of living in Rantoul, IL, is notably lower than the nationwide average. Specifically, the overall cost of living index for Rantoul stands at 88, which is 12% below the national average of 100. This lower cost of living makes Rantoul an attractive option for job seekers looking to maximize their purchasing power.
Housing costs in Rantoul are particularly favorable, with an index of 78, representing a 22% reduction compared to the average. Other areas like groceries, utilities, and transportation also show competitive rates, further enhancing the affordability of living in Rantoul.
The cost of living index in Rantoul, IL, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Rantoul stand at 78, indicating that residents can expect to pay 22% less than the national average for housing. This lower housing index can be a significant advantage for those looking to settle in Rantoul, as it provides more affordability in one of the most critical living expenses.
In other areas, Rantoul also shows competitive costs relative to the average. For groceries, the index is 95, meaning costs are 5% lower than the national average. Utilities cost 88, which is 12% below the average. Transportation costs are slightly lower at 90, indicating a 10% savings. Healthcare costs are at 92, just 8% above the average, and miscellaneous expenses are at 85, showing a 15% reduction. Overall, Rantoul offers a cost-effective living environment with several expenses below the national average.
