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Cost of Living in Edwards County

Is it better to rent or buy in Edwards County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$61,327
$753/mo

Median in area: $753

$106,525

Median in area: $106,525

$21,305

If you Rent

🔑
$993 /mo
Base Rent$753
Est. Utilities$240
% of Income19.4%
Pre-tax Residual$4,118

If you Buy

🏠
$1,028 /mo
P&I (7.625%)$603
Taxes & Ins$185
Est. Utilities$240
% of Income20.1%
Pre-tax Residual$4,082

Compare Nearby Areas

See how Edwards County stacks up against neighboring areas.

countyWhite County, IL
$696/mo
countyRichland County, IL
$774/mo
countyWayne County, IL
$694/mo
countyWabash County, IL
$788/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Edwards County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Edwards County. The estimated all-in monthly cost for renting is $993, while owning a median-priced home with a 20% down payment is roughly $1,028 per month (a difference of $35).

How much do utilities cost in Edwards County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Edwards County is approximately $240. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Edwards County?›

To comfortably afford the median rent and utilities in Edwards County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $39,720 per year.