25 cheapest places to live in Montana, from retirement to mountain views

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One of the least densely populated states in the country, Montana offers sweeping mountain vistas, pristine lakes, and plenty of appealing places to live. And with a cost-of-living index of 103.7% of the U.S. average, a graduated income tax that starts at just 1%, and no sales tax, Montana is an affordable option that provides a rich quality of life for those looking to live in the mountain west.

Interested in moving to Big Sky Country? In this guide, you’ll find the best places to live in Montana for young adults, families, and retirees. Whether you prefer a city or a small town, we’ve got all the information you need.

Best Places to Live in Montana

Montana is a nature lover’s paradise. Although it’s more expensive than neighboring states like North Dakota and Wyoming, and the cost of living in Montana is higher than in those states, for families and individuals who want to live in the mountains, Montana has a lot to offer. For instance, it’s a much more affordable alternative than Washington state or Oregon. And it’s got just as much stunning wilderness to explore.

One of the least densely populated states in the country, Montana offers sweeping mountain vistas, pristine lakes, and plenty of appealing places to live. And with a cost-of-living index of 103.7% of the U.S. average, a graduated income tax that starts at just 1%, and no sales tax, Montana is an affordable option that provides a rich quality of life for those looking to live in the mountain west.

Interested in moving to Big Sky Country? In this guide, you’ll find the best places to live in Montana for young adults, families, and retirees. Whether you prefer a city or a small town, we’ve got all the information you need.

Best Places to Live in Montana

Montana is a nature lover’s paradise. Although it’s more expensive than neighboring states like North Dakota and Wyoming, and the cost of living in Montana is higher than in those states, for families and individuals who want to live in the mountains, Montana has a lot to offer. For instance, it’s a much more affordable alternative than Washington state or Oregon. And it’s got just as much stunning wilderness to explore.

1. Butte

  • Population: 35,416
  • Median Household Income: $50,661
  • Median Rent Price: $1,100
  • Home Price-to-Income Ratio: 5.2
  • Average Property Tax: 1.16%

Once termed the “Richest Hill on Earth,” prospectors flooded Butte around the turn of the 20th century to dig for copper, silver, and gold. These days the city offers a small-town feel with a charming western facade — and prices that will make you feel like you’ve found treasure.

Housing Affordability: With average home values hovering around $260,000, Butte remains an affordable place to buy, especially for newbies, who may want to check out first-time home buyer programs in Montana. Rents are affordable, too. The market has been on the rise over the last year, which means buyers might have the chance to get in low and see appreciation over time.

2. Great Falls

  • Population: 60,382
  • Median Household Income: $53,126
  • Cost of Living: 87.4% of U.S. average
  • Median Rent Price: $1,225
  • Home Price-to-Income Ratio: 5.7
  • Average Property Tax: 1.16%

Sharing a name with the gorgeous waterfall along the Missouri River — now towering 148 feet — Great Falls was an important stop along Lewis and Clark’s cross-country journey. Today, it’s home to a thriving cultural scene including the Lewis and Clark Interpretive Center, as well as many other museums and attractions. With a cost of living index that’s only 87.4% of the national average, this city is a great pick for those looking to find an affordable place to live.

Housing Affordability: The average home value in Great Falls slightly tops $300,000, making the market approachable for buyers and renters alike. Those looking to lease can find reasonable rental prices, but things are heating up and competition may soon increase.

3. Billings

  • Population: 119,960
  • Median Household Income: $63,608
  • Median Rent Price: $1,421
  • Home Price-to-Income Ratio: 5.9
  • Average Property Tax: 1.04%

The only city in Montana with a population of over 100,000, Billings offers cosmopolitan living with a gorgeous countryside backdrop — at a fraction of the price you’d pay in other big cities. With attractions including multiple museums, a world-class zoo, and several nearby state parks, Billings is also just a day’s drive from Yellowstone Park and the Beartooth Mountains.

Housing Affordability: An average home value of around $370,000 keeps Billings home price-to-income ratio at a reasonable 5.9, even with a median household income below the national average. The different types of mortgage loans available could help make a home purchase more accessible for buyers. Prefer to rent? Rentals in the city are currently affordable, but prices have recently been creeping up.

4. Helena

  • Population: 33,885
  • Median Household Income: $59,712
  • Median Rent Price: $1,400
  • Home Price-to-Income Ratio: 7.2
  • Average Property Tax: 1.01%

Montana’s capital city is filled with natural and manmade attractions, and it’s well situated for an easy day trip to other Montana cities like Bozeman and Missoula. Plus Helena’s downtown is lined with well-preserved Victorian architecture, making it even more picturesque against the big-sky background.

Housing Affordability: Average home values in Helena are a little higher than the previous three cities on our list, sitting over $400,000 and slowly increasing. Still, the market is approachable, and rentals have recently been dropping in price.

5. Missoula

  • Population: 76,955
  • Median Household Income: $54,423
  • Median Rent Price: $1,700
  • Home Price-to-Income Ratio: 9.7
  • Average Property Tax: 1.24%

Known as the setting of A River Runs Through It — though the film was actually shot in Livingston, several hours further east— Missoula’s status as the home of the University of Montana means it sees more than its fair share of cultural events for a mid-sized city tucked into the mountains. And yes, a river really does run through it — three rivers, in fact, and one of them, the Clark Fork, has a man-made wave that people surf on.

Housing Affordability: Housing prices are a little higher in Missoula than other cities on this list, with average home values topping half a million dollars, and median rents hovering around $1,700. The good news is, rental prices have dropped some $400 year-over-year — though these days, they’re on the rise again.

Best Places to Live in Montana for Families

With its open spaces and incredible natural attractions, Montana is a great place to raise a family. The state’s relatively affordable prices can also make child-rearing more financially feasible.

These kid-friendly towns and cities are the best places to live in Montana for families.

1. Kalispell

  • Population: 28,450
  • Median Household Income: $55,411
  • Median Rent Price: $2,095
  • Home Price-to-Income Ratio: 9.4
  • Average Property Tax: 0.91%

Situated within an easy drive of both Glacier National Park and the Flathead Valley, Kalispell offers city resources within proximity of some of the best outdoor playgrounds on earth. While housing prices are a little higher than in some other Montana cities, parents may be drawn to the area because the Kalispell public school system is well regarded.


Housing Affordability: A relatively small town that’s drivable to one of the most beautiful national parks in the nation — it’s not surprising that the average home value in Kalispell tops $500,000. The home price-to-income ratio could be tough for some families to swing, but an average property tax of under 1% is one of the lowest in Montana.

2. Whitefish

  • Population: 8,915
  • Median Household Income: $64,595
  • Median Rent Price: $3,000
  • Home Price-to-Income Ratio: 12.6
  • Average Property Tax: 0.91%

Considered one of the gateway cities to Glacier National Park, Whitefish offers plenty of fun attractions for families as well as a variety of businesses and restaurants. The area attracts families in part because its public school system, although small, is among the top 30% in the state. And with about 23% of its population representing the 18-and-under crowd, kids are likely to find plenty of friends.

Housing Affordability: There’s no doubt about it: Whitefish’s housing market is pretty expensive. (Chalk it up to supply and demand — it’s a small town!) With a warming market, already-high rents may continue to increase, though home values have dropped nearly 10% over the last year. If you’re looking to take advantage of that drop, these tips to qualify for a mortgage could help set you up for success.

3. Bozeman

  • Population: 56,123
  • Median Household Income: $67,354
  • Cost of Living: 122.1% of U.S. average
  • Median Rent Price: $2,500
  • Home Price-to-Income Ratio: 10.5
  • Average Property Tax: 0.89%

Another Montana college town, Bozeman is home to Montana State University. Education is also a priority here for the younger set, and parents will appreciate that Bozeman’s highly ranked public school system. The city has plenty of playgrounds, and an equal number of outdoor spaces where kids can expend their energy and develop a love of nature.

Housing Affordability: Bozeman’s cost of living is a bit higher than the average American city, but for those who are drawn to the town’s stunning landscapes, it’s worth the expense. Just know that with a median rental price of $2,500, and average home values nearing three quarters of a million dollars, the market could be challenging for some families.

4. Helena

  • Population: 33,885
  • Median Household Income: $59,712
  • Median Rent Price: $1,400
  • Home Price-to-Income Ratio: 7.2
  • Average Property Tax: 1.01%

Montana’s capital city is a good option for parents hoping to raise their kids with some political awareness — or simply to enjoy an affordable lifestyle, thanks to Helena’s low cost of living. Plus the small-town vibe means children can experience a world where they actually know their neighbors.

Housing Affordability: Helena’s already-affordable rental prices have been dropping year-over-year, and a cool market means you stand a good chance of finding something you like without being overcome by competition. The city’s home prices are over $400,000, which means they aren’t exactly cheap, but they are a lot more affordable than what you’ll find in many American metros.

5. Great Falls

  • Population: 60,382
  • Median Household Income: $53,126
  • Cost of Living: 87.4% of U.S. average
  • Median Rent Price: $1,225
  • Home Price-to-Income Ratio: 5.7
  • Average Property Tax: 1.16%

In this city, your kids can take after Lewis and Clark and explore the world around them. As a bonus, the city is also home to the Children’s Museum of Montana. Parents will enjoy the lower-than-American-average cost of living.

Housing Affordability: A low home price-to-income ratio makes Great Falls one of the most affordable housing markets in Montana. And buyers may stand to reap a tidy profit when it’s time to sell: Home values have been increasing here.

Best Places to Live in Montana for Young Adults

For adults in their 20s and 30s looking to establish their careers, make friends, and maybe even meet their future partner, Montana has plenty to offer. That includes towns and cities that balance outdoor adventures with nightlife.

Check out these best places to live in Montana for young adults.

1. Bozeman

  • Population: 56,123
  • Median Household Income: $67,354
  • Cost of Living: 122.1% of U.S. average
  • Median Rent Price: $2,500
  • Home Price-to-Income Ratio: 10.5
  • Average Property Tax: 0.89%

If there’s one thing you can count on from a college town, it’s bars — and Bozeman has some great spots to mix and mingle. With the city’s median age of just 28.2, many of the people you meet will be in the same stage of life.

Housing Affordability: While the median rent price of $2,500 isn’t exactly affordable for young adults, Bozeman boasts some of the lowest property taxes in the state. Those who can get in on the housing market won’t be hit with a hefty real estate tax bill.

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2. Missoula

  • Population: 76,955
  • Median Household Income: $54,423
  • Median Rent Price: $1,700
  • Home Price-to-Income Ratio: 9.7
  • Average Property Tax: 1.24%

Another college town, but a little further to the north — and, some would say, a little funkier — Missoula is an option for young adults hoping to find themselves and meet others along the way. Although the city’s median age is higher than the others on this list, job prospects in the education and healthcare fields mean plenty of opportunities for younger folks to meet.

Housing Affordability: With average home values at over half a million dollars, ownership may well be out of reach for some young adults. Fortunately, median rent prices are sitting at a relatively affordable $1,700 — and they’ve dropped since last year.

3. Billings

  • Population: 119,960
  • Median Household Income: $63,608
  • Median Rent Price: $1,421
  • Home Price-to-Income Ratio: 5.9
  • Average Property Tax: 1.04%

For those who want to be where the action is, Billings is the place. The most populous city in Montana, it’s the perfect launching point for adventurous outings in nearby state forests, or refined evenings at the Alberta Bair Theater.

Housing Affordability: Considering that it has one of the lowest home price-to-income ratios of Montana’s major cities, Billings offers a great combination of affordable living with cosmopolitan activities. Rents are going up, but for now they’re at a very manageable median of $1,421.

4. Helena

  • Population: 33,885
  • Median Household Income: $59,712
  • Median Rent Price: $1,400
  • Home Price-to-Income Ratio: 7.2
  • Average Property Tax: 1.01%

Yet again, Montana’s capital makes the list! With stunning landscapes in every direction, and lots of social activities to choose from, adventurous young adults will find plenty to do. Helena also offers job opportunities for those looking to break into the political scene.

Housing Affordability: The home price-to-income ratio isn’t exactly low, but renters will be pleased by the median rental price of just $1,400 per month. Plus, the market is cool, which could make it easier to find a place.

5. Livingston

  • Population: 8,790
  • Median Household Income: $51,599
  • Median Rent Price: $1,800
  • Home Price-to-Income Ratio: 10.1
  • Average Property Tax: 0.67%

The smaller town vibe of Livingston can be a good fit for young adults looking for a low-key place to live. It’s populated with art galleries, bars, and restaurants, so there are things to do. Plus, it’s just a short drive from Bozeman if you need more cultural options, and Yellowstone National Park if you’re yearning for space.


Housing Affordability: An average home value of over $500,000 keeps Livingston’s home price-to-income ratio in the double digits, but property taxes are a bargain. The town’s rental market is warming up, though, so this could be a good time to get in.

Best Places to Live in Montana for Retirees

What better way to spend one’s golden years than surrounded by glorious natural landscapes? Montana boasts plenty of communities that champion a low-stress lifestyle with abundant cultural activities, gorgeous parks, and opportunities for socializing.

1. Polson

  • Population: 5,478
  • Median Household Income: $45,565
  • Median Rent Price: $1,800
  • Home Price-to-Income Ratio: 12.2
  • Average Property Tax: 0.71%

Tucked along the shores of Polson Bay at the southernmost end of Flathead Lake, Polson is about as picturesque as it gets. The town’s population of just over 5,000 means a relaxed pace of life along with the chance to know all your neighbors. And with almost a quarter of the population age 65 or over, retirees can look forward to plenty of get-togethers with their peers.

Housing Affordability: An average home value of over $500,000 and a lower-than-average median household income push Polson’s home price-to-income ratio up. The rental market remains approachable, however, and property taxes are under 1% on average.

2. Columbia Falls

  • Population: 5,656
  • Median Household Income: $56,860
  • Median Rent Price: $2,425
  • Home Price-to-Income Ratio: 9.9
  • Average Property Tax: 0.91%

Nestled near Glacier National Park, Columbia Falls is a small town with stunning natural landscapes and outdoor adventures. Active retirees will appreciate the area’s many trails for hiking and biking. And when residents want more of a city vibe, they can drive to other, bigger communities, including Whitefish and Kalispell, in less than an hour.

Housing Affordability: With average home values well over $500,000, and median rental prices approaching $2,500, Columbia Falls isn’t the most inexpensive place to live in Montana. But for those who’ve spent their lives working to build the wealth to afford it, a lower property tax means they can keep more of their equity.

3. Whitefish

  • Population: 8,915
  • Median Household Income: $64,595
  • Median Rent Price: $3,000
  • Home Price-to-Income Ratio: 12.6
  • Average Property Tax: 0.91%

The cool art galleries, quaint grocery co-ops, and small-town charm of Whitefish make it an appealing place for retirees. Plus, they can easily head over to Kalispell for major healthcare needs and other resources.

Housing Affordability: Whitefish is one of the most expensive markets in Montana, but it’s far more affordable than retiring in certain other picturesque locations, such as Malibu. And the lower average property tax helps those living on a fixed income.

If you’re considering buying a home in Whitefish, or in any other community where the homes are on the pricier side, you may want to explore jumbo mortgage loans as you’re navigating the home-buying process.

4. Missoula

  • Population: 76,955
  • Median Household Income: $54,423
  • Median Rent Price: $1,700
  • Home Price-to-Income Ratio: 9.7
  • Average Property Tax: 1.24%

As hip as Missoula is, it’s also a great option for retirees. For one thing, the University of Montana provides plenty of cultural attractions. In addition, summer farmers’ markets, community game nights, and other organized opportunities for building connections abound.

Housing Affordability: An average home value of more than half a million dollars may be out of reach for some retirees, but the median rental price in Missoula is reasonable for one of the state’s largest and most vibrant communities. The home price-to-income ratio remains just below double digits.

5. Hamilton

  • Population: 5,165
  • Median Household Income: $37,868
  • Median Rent Price: $1,700
  • Home Price-to-Income Ratio: 12.9
  • Average Property Tax: 0.59%

Thanks to its location in the Bitterroot Valley, Hamilton has the lucky distinction of getting far less snow than other Montana cities in the winter. The town is also well known for its relaxed pace of life and proximity to hiking trails and hot springs.

Housing Affordability: A relatively low median household income pushes Hamilton’s home price-to-income ratio up, but houses are relatively affordable at under $500,000. Plus, property taxes are just a little more than half a percent on average.

Best Places to Live in Montana Near the Mountains

You’ll find natural beauty in Montana, no matter where you go. But for climbers, skiers, snowboarders, and others who hear the mountains calling, these five cities will hold special appeal.

1. Whitefish

  • Population: 8,915
  • Median Household Income: $64,595
  • Median Rent Price: $3,000
  • Home Price-to-Income Ratio: 12.6
  • Average Property Tax: 0.91%

Housing Affordability: While Whitefish’s housing costs can outprice some, its rental market is warming up. That means people are continuing to move to this mountain gem. For remote workers whose salaries can keep up, Whitefish can make an incredible home for adventure.

2. Bozeman

  • Population: 56,123
  • Median Household Income: $67,354
  • Cost of Living: 122.1% of U.S. average
  • Median Rent Price: $2,500
  • Home Price-to-Income Ratio: 10.5
  • Average Property Tax: 0.89%

Bozeman is the perfect solution for those who want it all: mountains, city life, community, and convenience. Here, you’re within easy proximity of the Bridger Range, Gallatin Range, Madison Range, Spanish Peaks, Beartooth Mountains, Crazy Mountains, and Tobacco Root Mountains — to name a few. And Yellowstone National Park is just an hour’s drive south.

Housing Affordability: Average home prices are edging toward $750,000 in Bozeman, and median rents are hovering at $2,500. But for those willing to rent, a cool market means you should be able to find an apartment you like.

3. Hamilton

  • Population: 5,165
  • Median Household Income: $37,868
  • Median Rent Price: $1,700
  • Home Price-to-Income Ratio: 12.9
  • Average Property Tax: 0.59%

Situated in the shadow of many glorious snow-capped mountain peaks, and just a short drive from the Bitterroot National Forest, Hamilton is just as well suited to adventurous young people as retirees. It’s home to some sweet cafes and boutiques, too.

Housing Affordability: Hamilton’s home price-to-income ratio may seem challenging, but the ratio is affected by a relatively low median household income. For some people, renting may be a better bet. While the rental market is heating up, prices dropped some $700 year-over-year. That means there should be apartment availability at reasonable prices.

4. Missoula

  • Population: 76,955
  • Median Household Income: $54,423
  • Median Rent Price: $1,700
  • Home Price-to-Income Ratio: 9.7
  • Average Property Tax: 1.24%

This city is home to the Rattlesnake National Recreation Area, the Pattee Canyon Recreation Area, and the famous Mount Sentinel M Trail. Plus, the Clark Fork River that runs through town is great for fly fishing, kayaking, paddle boarding, surfing, and more.

Housing Affordability: While Missoula has higher property taxes on average than a few other communities on this list, it also boasts relatively affordable rental prices. A cool market means buyers should have some options to choose from.

5. Kalispell

  • Population: 28,450
  • Median Household Income: $55,411
  • Median Rent Price: $2,095
  • Home Price-to-Income Ratio: 9.4
  • Average Property Tax: 0.91%

Looking to balance proximity to Glacier National Park with reasonable prices? Chances are, you’ll find it here. Located in the midst of some of the very best parts of Montana, including Flathead Lake and the Kootenai National Forest, Kalispell offers a relatively affordable cost of living compared to nearby cities like Whitefish.

Housing Affordability: Average home values in Kalispell are more than $500,000, but prices have been decreasing over the last year. That, along with property taxes under 1% on average, could make this a good time to buy.

The Takeaway

While Montana has a higher cost of living than some neighboring states, it also offers affordability for those who dream of living in the mountains. And it provides residents with endless recreational opportunities all year long.

For families, young adults, and retirees who are considering moving to the state, Montana has a variety of options to explore — from tiny communities, to small cities, to robust college towns. Butte, Boseman, and Whitefish are just some of the top affordable cities on our list.

This article originally appeared on SoFi.com and was syndicated by MediaFeed.org.


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25 cheapest places to live in Illinois, from big-city living to quaint country life

25 cheapest places to live in Illinois, from big-city living to quaint country life

Illinois is a state full of vibrant cities, productive farmland, and a rich history that has long enticed people from all walks of life. Located in the heart of the Midwest, it’s well known for its cultural attractions, top-notch schools, and strong employment market, particularly in industries like finance, agriculture, and technology.

Residents can enjoy all four seasons, from cozy winters to warm summers. Young professionals and students enjoy the dynamic urban hub of Chicago, while families are drawn to its amusement parks, lakes, and vast recreational regions. Whether you’re a lover of the outdoors, a career-driven person, or someone looking for the ideal balance of both, Illinois offers a value-packed, budget-friendly setting to suit your lifestyle.

Aerial_Views/istockphoto

Often known as the “Prairie State,” Illinois has a blend of urban settings and countryside escapes. From the pulsating energy of Chicago to the tranquility of small towns, the state caters to a spectrum of lifestyles. For those looking for a thriving art scene, career opportunities, excellent schools, or a quieter life amidst green pastures, Illinois has something to offer.

Here are some of the best places in Illinois to live, each with their own unique appeal.

Pgiam/istockphoto

As you’re home shopping in Illinois, you may find that you can get a lot for your money. The cost of living (COL) in Illinois is 90.8%, making it notably lower than the national average.

When looking at the cost of living by state, compared to its neighboring states, the COL in Illinois falls right in the middle. It’s slightly higher than Iowa’s 89.7, but lower than Wisconsin’s 95, for instance.

Looking at contributing factors to Illinois’ COL, housing comes in at a favorable 78.3%. The state does have the second-highest property taxes in the country, however, with an average rate of 2.07%. That’s double the national average rate.

Fortunately, there are plenty of bargains to be had, depending where in the state you choose to live. These are the best affordable places to live in Illinois.

1. Decatur

  • Population: 69.097
  • Median Household Income: $45,111
  • Cost of Living: 80.0% of U.S. average
  • Median Rent Price: $725
  • Home Price-to-Income Ratio: 1.97
  • Average Property Tax: 2.01%

Often praised for its low cost of living, Decatur is home to beautiful parks and recreational areas. It hosts a lively array of festivals and events, including the largest free street festival in the Midwest. It has a great public transportation system and educational opportunities at Millikin University. Those working in manufacturing and transportation will find ample job opportunities in the area.

Housing Affordability: Decatur’s real estate market has seen a notable shift, with the median rent currently standing at $725, reflecting a year-over-year decrease of $135. Despite this drop, the market remains hot, suggesting high demand and competitive property listings. Potential buyers may want to help their home shopping chances by learning some tips to qualify for a mortgage.

Westhoff/istockphoto

  • Population: 146,713
  • Median Household Income: $47,002
  • Cost of Living: 88.4% of U.S. average
  • Median Rent Price: $900
  • Home Price-to-Income Ratio: 1.46
  • Average Property Tax: 2.39%

Located near the Wisconsin border, Rockford is known for its thriving arts scene, including the Rockford Art Museum and the Coronado Performing Arts Center. Residents can also enjoy the peaceful Anderson Japanese Gardens. The city has a variety of job opportunities with a focus on healthcare and academia, and the public transportation system makes commuting easy. Housing in Rockford is affordable.

Housing Affordability: Rockford’s real estate landscape is showing subtle changes, with the cost of living indexed at 88.4, which is below the national average. The market temperature is cool, suggesting less competition and a more balanced environment between buyers and sellers. When evaluated against similar cities in Illinois, Rockford emerges as an affordable choice for many. A particularly telling metric is its home price-to-income ratio of 1.46, suggesting high housing affordability in Rockford.

DenisTangneyJr/istockphoto

  • Population: 111,021
  • Median Household Income: $53,568
  • Cost of Living: 89.8% of U.S. average
  • Median Rent Price: $999
  • Home Price-to-Income Ratio: 2.41
  • Average Property Tax: 2.36%

Nestled along the Illinois River, Peoria has a strong community feel, great schools, and a thriving cultural scene with numerous music and cultural festivals throughout the year. Residents enjoy the Peoria Riverfront for leisure activities, and the city is home to Bradley University, providing educational and job opportunities.

Housing Affordability: With a cost of living index at 89.8, just below the national average, and a modest increase in housing costs of just $9 year over year, Peoria’s real estate market is undergoing gradual changes. There is a moderate amount of activity and interest from potential buyers and renters in a market classified as warm. With prices less than three times the annual median income, Peoria offers a housing market that is quite reasonable, according to the home price-to-income ratio of 2.41.

ghornephoto/istockphoto

  • Population: 28,472
  • Median Household Income: $39,230
  • Median Rent Price: $575
  • Home Price-to-Income Ratio: 1.9
  • Average Property Tax: 1.72%
  • People over 65: 17.8%

Danville has a low cost of living and its housing market is one of the most affordable in the state. This small quiet city has a museum and art galleries, and its location along the Vermilion River makes it great for outdoor enthusiasts. There are plenty of state parks and nature preserves here.

Housing Affordability: Danville is affordable in comparison to other cities in Illinois. The home price-to-income ratio of 1.9 and the low media rental prices shows that Danville can be a good deal for many residents, especially first-time homebuyers, looking to buy or rent.

Danville by Randy von Liski (CC BY)

  • Population: 23,413
  • Median Household Income: $41,831
  • Cost of Living: 89.6% of U.S. average
  • Median Rent Price: $675
  • Home Price-to-Income Ratio: 2.1
  • Average Property Tax: 2.28%

Often referred to as the “Pretzel City” because of its historic pretzel-making heritage, Freeport offers a blend of small-town charm and urban conveniences. Its historic downtown features beautiful buildings, theaters, and art galleries. There are also many recreational options, including Krape Park with its waterfall and the annual Pretzel Fest.

Housing Affordability: Freeport’s real estate market presents a balanced dynamic, with a cost of living indexed at 89.6%, slightly below the national average, accompanied by a modest year-over-year increase of $21 in housing costs. The warm market temperature suggests moderate to active interest from potential buyers and renters. When juxtaposed with other Illinois cities, Freeport strikes a balance between affordability and desirability. A home price-to-income ratio of 2.1 in Freeport signals that housing remains comfortably affordable for many residents, as the cost of homes is just a little over twice the annual median income.

BOB WESTON/istockphoto

Illinois is a family-friendly state, with plenty of towns, cities, and suburbs that have good schools, welcoming neighborhoods, and lots of recreational opportunities. These are some of the best places to live in Illinois for families.

1. Park Ridge

  • Population: 38,278
  • Median Household Income: $124,535
  • Median Rent Price: $2,832
  • Home Price-to-Income Ratio: 4.79
  • Average Property Tax: 2.19%
  • Family Households: 72.21%
  • Households with Children: 32.06%

A suburb of Chicago, Park Ridge offers families a tight-knit community feel. It has many parks and activities. Parents will appreciate that it has a reputation for top-tier schools. Commuting to downtown Chicago is easy using the Metra train.

Housing Affordability: The real estate scene in Park Ridge has had a notable increase in costs, as evidenced by the year-over-year increase of $482 in housing and rentals. Despite this growth, the market is cool, hinting at possible negotiation advantages for prospective buyers. Park Ridge is one of the more desirable locales in the state. The city’s home price-to-income ratio is 4.79. This underlines the city’s position as a premium housing destination, attracting those who are willing to pay a bit more for the quality of life and amenities it offers.

Park Ridge by Teemu008 (None)

  • Population: 47,258
  • Median Household Income: $123,771
  • Median Rent Price: $2,500
  • Home Price-to-Income Ratio: 4.7
  • Average Property Tax: 2.19%
  • Family Households: 72.23%
  • Households with Children: 32.77%

With its prime location about 15 miles northwest of Chicago, Glenview offers great schools, plus dining, shopping, and entertainment options. The community’s commitment to quality of life make it a top choice for families.

Housing Affordability: While there’s been a noticeable year-over-year increase of $200 in housing costs, the market’s cool temperature indicates a slower pace of transactions and possibly more room for negotiation for potential buyers. When compared to other cities in Illinois, Glenview leans towards the higher end in terms of costs, which might be reflective of its desirability and amenities. With a home price-to-income ratio surpassing 4, it indicates that homes in Glenview are priced at nearly five times the median annual income, signifying a premium market. Potential buyers may want to explore different types of mortgage loans to see what their best options are for buying in Glenview.

Glenview by David Wilson (CC BY)

  • Population: 8,271
  • Median Household Income: $207,275
  • Median Rent Price: $5,600
  • Home Price-to-Income Ratio: 4.46
  • Average Property Tax: 2.16%
  • Family Households: 95.35%
  • Households with Children: 32.67%

Known for its historic charm and natural beauty, Long Grove offers plentiful housing options and serene landscapes. Families are drawn here by its strong school system. The annual Chocolate, Strawberry, and Apple Festivals make it fun for families as well.

Housing Affordability: Long Grove’s real estate market is on the pricier side compared to other Illinois cities, even though it’s currently a cool market. With a home price-to-income ratio of 4.46, homes in Long Grove cost about four and a half times the median income. This suggests the area is more upscale, attracting those who value quality and ambiance over cost. Going through the mortgage preapproval process might help give you an edge when you’re bidding on a house.

benkrut/istockphoto

  • Population: 20,402
  • Median Household Income: $153,674
  • Median Rent Price: $2,089
  • Home Price-to-Income Ratio: 3.47
  • Average Property Tax: 2.16%
  • Family Households: 73.73%
  • Households with Children: 36.24%

Libertyville offers a balance of suburban charm and urban conveniences. It has exceptional schools and family-centric recreational areas such as Independence Grove. Newcomers will quickly feel at home since there is a large percentage of family households. MainStreet Libertyville events are a fun draw for parents and kids.

Housing Affordability: Libertyville’s real estate market has seen a decline in housing and rental costs with a year-over-year decrease of $301. Currently, it’s in a cool state. When compared to other cities in Illinois, Libertyville stands out as reasonably priced yet desirable. Its home price-to-income ratio of 3.47 indicates that the median home price is roughly three and a half times the median annual income, suggesting a balanced mix of affordability and appeal for potential homeowners and renters.

libertyville by Richie Diesterheft (CC BY)

  • Population: 49,354
  • Median Household Income: $105,217
  • Median Rent Price: $1,925
  • Home Price-to-Income Ratio: 3.9
  • Average Property Tax: 2.29%
  • Family Households: 65.46%
  • Households with Children: 29.09%

Parents will appreciate that Downers Grove has a highly ranked school system. There are a variety of housing options for different budgets and family sizes. Parks host many family-friendly events, and commuting to Chicago is easy.

Housing Affordability: The real estate environment in Downers Grove is marked by a significant uptick in costs, as indicated by the pronounced year-over-year increase of $598 in housing and rental expenses. This rise, contrasted by the market’s cool temperature, suggests there may be ample opportunities for buyers to find value. The city’s home price-to-income ratio, while still affordable for many, indicates a premium housing market in the city, making it a destination for those prioritizing lifestyle amenities over cost.

Downers Grove by David Wilson (CC BY)

For young adults, these are the best places in Illinois to live for affordability, job opportunities, activities, and social life.

1. Chicago

  • Population: 2,665,039
  • Median Household Income: $65,781
  • Median Rent Price: $1,858
  • Home Price-to-Income Ratio: 2.66
  • Average Property Tax: 2.19%
  • Non-family Households: 48.33%

Illinois’ main metropolis, Chicago is a hub of culture and entertainment, with a dynamic arts scene, world-class theaters and restaurants, and numerous festivals throughout the year. Young adults make up a significant portion of the population, and job opportunities are plentiful across many industries. There are also excellent universities in the city such as the University of Chicago.

Housing Affordability: Chicago’s expansive real estate market has seen a moderate increase in costs, with a year-over-year change of $98 in housing and rental expenses. A warm market temperature highlights a consistently active interest from buyers and renters, showcasing the city’s appeal.

When juxtaposed with other cities in Illinois, Chicago stands out not just for its urban allure but also for its relative affordability. The city’s home price-to-income ratio of 2.66 provides a lens into this affordability. The balance between cost and urban opportunities further accentuates Chicago’s unique position as a metropolitan hub that remains accessible to a wide range of incomes.

James Andrews/istockphoto

  • Population: 149,936
  • Median Household Income: $135,772
  • Median Rent Price: $2,375
  • Home Price-to-Income Ratio: 2.18
  • Average Property Tax: 2.29%
  • Non-family Households: 25.21%

Located in the suburbs but with an urban feel, Naperville has both high median salaries for recent grads and a vibrant cultural scene. A substantial percentage of residents are between 20 and 34, and the city is just 35 miles from Chicago.

Housing Affordability: Naperville’s real estate market is characterized by an uptick in costs, evidenced by the year-over-year increase of $180 in housing expenditures. Despite this rise, the market maintains a cool temperature, suggesting potential opportunities for buyers seeking value. When placed in context with other cities in Illinois, Naperville maintains its reputation as a desirable place to live, with its costs reflecting the city’s amenities and quality of life. The city’s home price-to-income ratio, sitting at 2.18, cements Naperville’s position as a city that manages to blend both desirability and relative affordability within the broader Illinois housing landscape.

DenisTangneyJr/istockphoto

  • Population: 111,021
  • Median Household Income: $53,568
  • Cost of Living: 89.8% of U.S. average
  • Median Rent Price: $999
  • Home Price-to-Income Ratio: 2.41
  • Average Property Tax: 2.36%

Non-family Households: 45.84%

This city on the Illinois River combines culture with affordability, making it appealing to young adults. The home of Bradley University, there is a strong local economy with jobs in healthcare, education, and manufacturing. Various venues for events and entertainment help to create a vibrant social scene.

Housing Affordability: Peoria’s real estate landscape is currently marked by a gentle uptick, with its cost of living indexed at 89.8% and a modest year-over-year increase of just $9 in housing costs. The warm market temperature hints at a steady interest from homebuyers and renters, suggesting a moderate level of competition. When compared to other cities in Illinois, Peoria emerges as a balanced choice for buyers and renters.

If you’re trying to qualify for a mortgage in Peoria, or anyplace, and you have questions, a call to a home loan help center could give you the info you need.

MattGush/istockphoto

  • Population: 113,273
  • Median Household Income: $57,596
  • Median Rent Price: $1,100
  • Home Price-to-Income Ratio: 2.52
  • Average Property Tax: 1.87%
  • Non-family Households: 46.14%

As the state capital, Springfield offers both history and a myriad of job opportunities in education, healthcare, and government sectors. The city’s culture includes museums, theaters, and many events throughout the year. University of Illinois Springfield caters to students and provides additional jobs.

Housing Affordability: Springfield’s housing market has been heating up, with costs rising by $135 over the past year, pushing the market into a warm state. When stacked against other Illinois cities, Springfield offers both affordability and appeal. The city’s home price-to-income ratio of 2.52 means the median home price is about two and a half times the median income, signaling that housing in Springfield is relatively affordable, making it an attractive option for many looking to settle in Illinois.

DenisTangneyJr/istockphoto

  • Population: 52,553
  • Median Household Income: $98,081
  • Median Rent Price: $1,780
  • Home Price-to-Income Ratio: 4.07
  • Average Property Tax: 2.19%
  • Non-family Households: 41.97%

Just 10 miles from downtown Chicago, Oak Park is perfect for young adults seeking urban energy and suburban tranquility. The city has a rich cultural history and ample jobs both local and in nearby Chicago.

Housing Affordability: Oak Park’s real estate market has seen an increase in housing and rental costs with a year-over-year rise of $301, but the overall market remains cool. Compared to other Illinois cities, Oak Park balances its distinct charm with a higher price tag. With a home price-to-income ratio of 4.07, the median home price in the city is about four times the median annual income, suggesting that while Oak Park is a desirable place to live, it comes at a premium in terms of housing costs. For those looking to buy a house in Oak Park, jumbo mortgage loans may be worth investigating.

littleny/istockphoto

For older adults looking for a desirable place to live that fits their budget, Illinois has many options, from cities to small towns.

1. Rockford

  • Population: $146,713
  • Median Household Income: $47,002
  • Cost of Living: 88.4% of U.S. average
  • Median Rent Price: $900
  • Home Price-to-Income Ratio: 1.46
  • Average Property Tax: 2.39%
  • People over 65: 16.9%

Known for its affordability, Rockford offers reasonably priced housing options, making it attractive to retirees on a budget. In Illinois, Social Security income isn’t taxed, adding to the financial appeal. The city provides various programs and assistance for seniors, and with attractions like the Anderson Japanese Gardens and the Coronado Theatre, entertainment and recreational activities are in abundance.

Housing Affordability: Rockford’s real estate market is on the affordable end, with a modest year-over-year increase of $51. Despite this rise, the market remains cool. Compared with other cities in Illinois, Rockford is a cost-effective choice. Its home price-to-income ratio of 1.46 shows that the median home price is just about one and a half times the median annual income, highlighting the city’s notable housing affordability.

Cheri Alguire/istockphoto

  • Population: 1,429
  • Median Household Income: $123,810
  • Median Rent Price: $650
  • Home Price-to-Income Ratio: 1.81
  • Average Property Tax: 1.87%

A small community, Leland Grove boasts a peaceful atmosphere with tree-lined streets and lots of parks, ideal for retirees. Housing costs tend to be on the higher side compared to state averages, but they may be justified by the city’s amenities. That may be why the town’s household income is so high. As in all of Illinois, Social Security is untaxed. For recreation, the nearby city of Springfield offers a plethora of historical sites, museums, and parks.

Housing Affordability: Leland Grove’s real estate market has seen growth with housing and rental costs rising by 5.9% year-over-year. In comparison to other cities in Illinois, Leland Grove is relatively affordable. Its home price-to-Income ratio of 1.81 indicates that the median home price is slightly above the median annual income.

mastersky/istockphoto

  • Population: 28,472
  • Median Household Income: $39,230
  • Median Rent Price: $575
  • Home Price-to-Income Ratio: 1.9
  • Average Property Tax: 1.72%
  • People over 65: 17.8%

Danville’s housing market is one of the most affordable in the state. This affordability, combined with the state’s policy of not taxing Social Security, presents an appealing financial landscape for retirees. The town offers assistance programs for older residents, and its Vermilion River and cultural spots like the Fischer Theatre make for great recreational activities.

Housing Affordability: Danville’s real estate market has experienced a modest increase, with housing and rental costs rising by $25 over the past year. While the market remains cool, Danville is affordable in comparison to other cities in Illinois.

Randy von Liski

  • Population: 3,765
  • Median Household Income: $213,068
  • Median Rent Price: $4,750
  • Home Price-to-Income Ratio: 3.64
  • Average Property Tax: 2.16%

This village in the Chicago metropolitan area offers a mix of housing options, with some upscale residences reflecting higher costs. Still, the serene wooded environment and proximity to urban amenities can be worth the price for many retirees. Entertainment and recreation are readily accessible, with shopping and dining options in nearby Deerfield, and various nature trails and parks in Riverwoods itself.


Housing Affordability: Riverwoods has seen a decline in housing and rental costs, with a year-over-year change of -3.5%. When compared to other cities in Illinois, it is very desirable but less affordable. The home price-to-income ratio of 3.64 indicates that the median home price is roughly 3.64 times the median annual income.

James Andrews/istockphoto

  • Population: 23,413
  • Median Household Income: $41,831
  • Cost of Living: 89.6% of U.S. average
  • Median Rent Price: $675
  • Home Price-to-Income Ratio: 2.1
  • Average Property Tax: 2.28%

Often referred to as the “Pretzel City,” Freeport provides a balance of affordability and charm, with housing costs that are inviting to retirees. The absence of Social Security tax in Illinois only enhances its appeal. Beyond financial benefits, Freeport is home to a vibrant arts scene and recreational spots like Krape Park, making it a diverse and engaging place.

Housing Affordability:  Freeport’s real estate market has witnessed a modest increase in housing costs, with a year-over-year rise of $21. Its market temperature is warm, indicating a balanced demand and supply. Compared to other cities in Illinois, Freeport offers relatively affordable housing options, as demonstrated by its home price-to-income (H P/I) ratio of 2.1, meaning the median home price is approximately 2.1 times the median annual income.

Freeport by IvoShandor (CC BY-SA)

1. Chicago

  • If you long to live by a lake, Illinois has plenty of inviting options.
  • Population: 2,665,039
  • Median Household Income: $65,781
  • Median Rent Price: $1,858
  • Home Price-to-Income Ratio: 2.66
  • Average Property Tax: 2.19%

Chicago offers numerous lakeside neighborhoods with varying housing costs, from the upscale Gold Coast to the more affordable Edgewater. The city’s rich cultural scene is practically unparalleled, with theaters, museums, and art galleries aplenty. While Illinois has progressive income tax rates, Chicago’s entertainment options, including Navy Pier, the beaches, and countless festivals, help to compensate, making the city a lively place to reside.

Housing Affordability: Chicago’s housing prices have gone up by $98 from last year. The real estate market is warm, meaning there’s a good amount of buying and renting activity. Compared to other Illinois cities, Chicago is both attractive and relatively affordable, as shown by its home price-to-income ratio of 2.66. This ratio means that despite being a major city, many people can still afford to live here.

DouglasOlivares/istockphoto

  • Population: 8,612
  • Median Household Income: $212,132
  • Median Rent Price: $1,495
  • Home Price-to-Income Ratio: 5.3
  • Average Property Tax: 2.19%

Situated along Lake Michigan’s western coast, Glencoe is an upscale village known for its prestigious homes, often with higher housing costs. The town boasts a strong cultural foundation with the renowned Writers Theatre and the lush Chicago Botanic Garden. Taxes align with Illinois standards, but for some, the appeal of Glencoe’s scenic beaches and recreational parks justifies the expense.

Housing Affordability: In Glencoe, housing prices have decreased by $55 over the past year, leading to a cool real estate market with less activity. When compared to other cities in Illinois, Glencoe leans toward the higher end in terms of costs. Home prices here are significantly higher relative to incomes, making it less affordable for many residents.

Glenco by JeremyA (None)

  • Population: 75,544
  • Median Household Income: $87,345
  • Median Rent Price: $2,095
  • Home Price-to-Income Ratio: 2.18
  • Average Property Tax: 2.19%

Combining urban energy with lakeside tranquility, Evanston’s housing costs vary, offering both high-end homes and more modest options. Northwestern University enriches the city’s cultural scene, hosting numerous events and arts programs. The appeal of Evanston beaches, combined with entertainment hubs like the Evanston Arts Center and the vibrant downtown, makes it an attractive waterside city.

Housing Affordability: Evanston’s real estate market has witnessed an increase in housing costs with a year-over-year rise of $345, despite a cool market atmosphere indicating slower activity. When weighed against other Illinois cities, Evanston presents a balanced mix of affordability and desirability, reflected in its home price-to-income ratio of 2.18. This suggests that home prices in Evanston are moderately aligned with local incomes, offering relatively good value.

FierceAbin/istockphoto

  • Population: 24,315
  • Median Household Income: $58,431
  • Median Rent Price: $1,275
  • Home Price-to-Income Ratio: 2.4
  • Average Property Tax: 2.16%

Located further north along the coast of Lake Michigan, Zion has relatively reasonable housing options. The city has a growing cultural scene marked by events and festivals, especially in the summer. With taxes in line with state averages, the draw to Zion is enhanced by its serene beaches, the Illinois Beach State Park, and various recreational opportunities that appeal to both residents and visitors.

Housing Affordability: Zion’s housing market is warming up, evidenced by a year-over-year increase of $225. In comparison to other Illinois areas, Zion offers a reasonable balance between cost and desirability, with its home price-to-income ratio of 2.4 signaling that home prices are relatively in line with the average incomes in the area. This means residents are getting decent value in housing for their earnings, making Zion a competitive choice for many home seekers in the state.

Zion by Gidonb (CC BY)

  • Population: 19,252
  • Median Household Income: $194,267
  • Median Rent Price: $3,813
  • Home Price-to-Income Ratio: 4.3
  • Average Property Tax: 2.16%

As its name implies, Lake Forest offers a lush environment combined with the elegance of Lake Michigan’s coastline. The city’s housing is on the pricier side, reflecting its upscale amenities and prestigious schools. The cultural scene is enriched by institutions like the Lake Forest Symphony. The blend of beaches, recreational parks, and a rich cultural calendar makes Lake Forest a coveted location for those seeking waterside living.

Housing Affordability: Lake Forest’s real estate scene has risen with an annual increase of $213 in housing and rental expenses. Despite a cool market temperature, it’s still a desirable area. Compared to other cities in Illinois, its home price-to-income ratio of 4.3 signifies that the housing prices in Lake Forest are somewhat on the higher side relative to income. This suggests that while the city offers upscale living, it might be less affordable for average earners.

BSPollard/istockphoto

The state of Illinois offers a multitude of great living options to suit various tastes and budgets. From bustling urban hubs to serene suburban retreats, Illinois promises a home for everyone. With each city boasting its unique charm, the Prairie State truly stands out as one of best places to live in the country for families, young adults, and retirees.

This article originally appeared on SoFi.com and was syndicated by MediaFeed.org.


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