Key Economic Benchmarks
Median Household Income
$66,220$5,518 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Adams County, IL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Adams County, IL
Official FY2026 HUD Fair Market Rents for Adams County, IL. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $734 | $8,808 | $29,360 | 13.3% |
| 1-Bedroom Apartment | $811 | $9,732 | $32,440 | 14.7% |
| 2-Bedroom ApartmentBenchmark | $1,064 | $12,768 | $42,560 | 19.3% |
| 3-Bedroom Home | $1,327 | $15,924 | $53,080 | 24% |
| 4-Bedroom Home | $1,500 | $18,000 | $60,000 | 27.2% |
50/30/20 Living Budget in Adams County, IL
Based on the local median household income of $66,220/year ($5,518/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Illinois
Explore net income after federal income tax, FICA, and Illinois state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Illinois with official federal datasets:
Frequently Asked Questions About Living in Adams County, IL
What is the median household income in Adams County, IL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Adams County, IL is $66,220 per year (approximately $5,518 per month).
What is the average rent in Adams County, IL?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Adams County, IL are $734 for a studio, $811 for 1 bedroom, $1,064 for 2 bedrooms, $1,327 for 3 bedrooms, and $1,500 for 4 bedrooms.
How does the cost of living in Adams County, IL compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Adams County, IL is 100.0 (0% higher than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Adams County, IL?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,064/month) in Adams County, IL requires a minimum gross household income of $42,560 per year ($3,547 per month).
What is a balanced 50/30/20 monthly budget in Adams County, IL?
For a typical household earning the median income of $66,220/year ($5,518/month) in Adams County, IL, a balanced 50/30/20 budget allocates $2,759/month to essential needs (rent, utilities, groceries), $1,655/month to discretionary spending, and $1,104/month to savings and debt repayment.
What are typical electricity and utility costs in Adams County, IL?
Residential electricity rates in Illinois average 19.9¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $179 per month.