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Cost of Living in Fayette County

Is it better to rent or buy in Fayette 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.

$63,327
$872/mo

Median in area: $872

$132,361

Median in area: $132,361

$26,472

If you Rent

🔑
$1,117 /mo
Base Rent$872
Est. Utilities$245
% of Income21.2%
Pre-tax Residual$4,160

If you Buy

🏠
$1,195 /mo
P&I (7.189%)$718
Taxes & Ins$232
Est. Utilities$245
% of Income22.6%
Pre-tax Residual$4,082

Compare Nearby Areas

See how Fayette County stacks up against neighboring areas.

countyShelby County, IL
$809/mo
countyMontgomery County, IL
$750/mo
countyBond County, IL
$784/mo
countyEffingham County, IL
$725/mo
countyMarion County, IL
$814/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Fayette County. The estimated all-in monthly cost for renting is $1,117, while owning a median-priced home with a 20% down payment is roughly $1,195 per month (a difference of $78).

How much do utilities cost in Fayette County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Fayette County is approximately $245. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Fayette County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $44,680 per year.