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Cost of Living in Vermilion County

Is it better to rent or buy in Vermilion 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.

$58,902
$845/mo

Median in area: $845

$96,834

Median in area: $96,834

$19,367

If you Rent

🔑
$1,055 /mo
Base Rent$845
Est. Utilities$210
% of Income21.5%
Pre-tax Residual$3,854

If you Buy

🏠
$955 /mo
P&I (7.432%)$538
Taxes & Ins$207
Est. Utilities$210
% of Income19.5%
Pre-tax Residual$3,953

Compare Nearby Areas

See how Vermilion County stacks up against neighboring areas.

countyVermillion County, IN
$732/mo
countyIroquois County, IL
$814/mo
countyWarren County, IN
$843/mo
countyEdgar County, IL
$796/mo
countyChampaign County, IL
$1,084/mo

Cost of Living FAQs

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

Based on median housing data, buying is currently more affordable on a monthly basis in Vermilion County. The estimated all-in monthly cost for renting is $1,055, while owning a median-priced home with a 20% down payment is roughly $955 per month (a difference of $100).

How much do utilities cost in Vermilion County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Vermilion County is approximately $210. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Vermilion County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $42,200 per year.