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Cost of Living in Lincoln, IL

2025 Affordability Data & Housing Costs

88.4

Cost of Living Index (100 = US Average)

Affordable

Median Home Value

$111,600

Owner-occupied homes (2023 ACS)

Median Household Income

$54,390

Annual (2023 ACS)

Housing Costs

The median home value in Lincoln is $111,600, which is lower than the national average. The home price-to-income ratio is 2.1, indicating strong affordability.

Income & Purchasing Power

The median household income in Lincoln is $54,390 annually.

Compare with Other Cities

View all cities in Illinois

Frequently Asked Questions

What is the cost of living index in Lincoln, IL?

The COL index is 88.4, which is lower than the US average of 100.

What is the median home value in Lincoln?

The median home value is $111,600.

What is the median rent in Lincoln?

Data not available.

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