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Cost of Living in Kankakee County

Is it better to rent or buy in Kankakee 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.

$76,782
$1,116/mo

Median in area: $1,116

$192,161

Median in area: $192,161

$38,432

If you Rent

🔑
$1,358 /mo
Base Rent$1,116
Est. Utilities$242
% of Income21.2%
Pre-tax Residual$5,041

If you Buy

🏠
$1,700 /mo
P&I (7.122%)$1,035
Taxes & Ins$423
Est. Utilities$242
% of Income26.6%
Pre-tax Residual$4,698

Compare Nearby Areas

See how Kankakee County stacks up against neighboring areas.

countyLivingston County, IL
$876/mo
countyLake County, IN
$1,214/mo
countyNewton County, IN
$913/mo
countyIroquois County, IL
$814/mo
countyWill County, IL
$1,754/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Kankakee County. The estimated all-in monthly cost for renting is $1,358, while owning a median-priced home with a 20% down payment is roughly $1,700 per month (a difference of $342).

How much do utilities cost in Kankakee County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Kankakee County is approximately $242. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Kankakee County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $54,320 per year.