Affordable

What Salary Do You Need to Live in Villa Grove?

To afford a 2-bedroom in Villa Grove, you need to earn at least $37,320/year based on estimated fair market rent data. The median household income here is $61,691, which means the typical resident is $24,371 above the threshold.

Census ACS Data Pop. 2,418

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$653	$2,177	$26,120	$-35,571
1 Bedroom	$774	$2,580	$30,960	$-30,731
2 Bedroom BENCHMARK	$933	$3,110	$37,320	$-24,371
3 Bedroom	$1,138	$3,793	$45,520	$-16,171
4 Bedroom	$1,400	$4,667	$56,000	$-5,691

Affordability Breakdown

Where the required salary line crosses above Villa Grove's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$61,691

Annual household

2BR Required Salary

$37,320

Under 30% rule

Income Gap

+$24,371

Surplus

Verdict

Affordable

Ratio: 18.1%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Villa Grove

Your Annual Salary

Pre-filled with Villa Grove's median household income

Max monthly rent you can afford$1,542

Studio

$653/mo

1 BR

$774/mo

2 BR

$933/mo

3 BR

$1,138/mo

4 BR

$1,400/mo

Your salary is $0 above the median income in Villa Grove.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Villa Grove's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Villa Grove

Villa Grove, Illinois stands out as one of the more financially accessible housing markets in the state. The median household income of $61,691 significantly exceeds the $37,320 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $24,371 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Villa Grove, a studio at $653/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,138/month remains accessible for dual-income households earning above $45,520.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $55,980 would position you well — though many residents in Villa Grove manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Villa Grove, Illinois.

With a total population of 2,418, the city supports an active civilian workforce of 1,220 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $37,320 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

1,220

Active civilian employees in Villa Grove

Frequently Asked Questions About Renting in Villa Grove

What salary do I need to live in Villa Grove, Illinois?

To afford a 2-bedroom in Villa Grove under the 30% rule, you need an annual salary of at least $37,320. The median household income in Villa Grove is $61,691.

Can I afford a 2-bedroom in Villa Grove on $61,691?

The affordability verdict for Villa Grove is "Affordable". The rent-to-income ratio is 18.1%, meaning median earners have a $24,371 surplus.

What is the average rent in Villa Grove compared to median income?

The median gross rent in Villa Grove is $774/month. With a median household income of $61,691, residents spend approximately 18.1% of their income on rent.

What salary do I need for a studio in Villa Grove?

A studio in Villa Grove rents for approximately $653/month. Under the 30% rule, you need an annual salary of $26,120 to afford this.

Is Villa Grove considered an affordable place to live?

Based on the surplus of $24,371 and an affordability verdict of "Affordable", Villa Grove is considered a affordable rental market when comparing the required 2-bedroom salary of $37,320 to the local median household income.

How Villa Grove Compares

Other cities in Illinois with salary requirements