Key Economic Benchmarks
Median Household Income
$62,878$5,240 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Stark County, IL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Stark County, IL
Official FY2026 HUD Fair Market Rents for Peoria, IL MSA. 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 | $758 | $9,096 | $30,320 | 14.5% |
| 1-Bedroom Apartment | $818 | $9,816 | $32,720 | 15.6% |
| 2-Bedroom ApartmentBenchmark | $1,039 | $12,468 | $41,560 | 19.8% |
| 3-Bedroom Home | $1,346 | $16,152 | $53,840 | 25.7% |
| 4-Bedroom Home | $1,449 | $17,388 | $57,960 | 27.7% |
50/30/20 Living Budget in Stark County, IL
Based on the local median household income of $62,878/year ($5,240/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 Stark County, IL
What is the median household income in Stark County, IL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Stark County, IL is $62,878 per year (approximately $5,240 per month).
What is the average rent in Stark County, IL?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Stark County, IL are $758 for a studio, $818 for 1 bedroom, $1,039 for 2 bedrooms, $1,346 for 3 bedrooms, and $1,449 for 4 bedrooms.
How does the cost of living in Stark County, IL compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Stark County, IL is 91.2 (8.8% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Stark County, IL?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,039/month) in Stark County, IL requires a minimum gross household income of $41,560 per year ($3,463 per month).
What is a balanced 50/30/20 monthly budget in Stark County, IL?
For a typical household earning the median income of $62,878/year ($5,240/month) in Stark County, IL, a balanced 50/30/20 budget allocates $2,620/month to essential needs (rent, utilities, groceries), $1,572/month to discretionary spending, and $1,048/month to savings and debt repayment.
What are typical electricity and utility costs in Stark 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.