| Index | Canton | Illinois | National |
| Cost of living | 87 | 98 | 100 |
| Groceries | 101 | 100 | 100 |
| Health care | 99 | 100 | 100 |
| Housing | 58 | 95 | 100 |
| Transportation | 103 | 101 | 100 |
| Utilities | 99 | 99 | 100 |
| Lifestyle & Entertainment | 98 | 100 | 100 |
| Household Items | 98 | 100 | 100 |
| Education & Childcare | 97 | 100 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Canton? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Canton stands at 87, making it 13% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing expenses often consume a significant portion of your net income, occasionally surpassing 30%. Fortunately, housing costs in Canton are 42.3% below the national average. This highlights the region's exceptional affordability for both homeownership and rentals in comparison to the rest of the country. This favorable housing situation allows residents to allocate a more reasonable fraction of their income to housing, resulting in enhanced financial flexibility and improved overall financial well-being.
Wondering if Canton is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Canton, for example, the median home price is 43.3% lower than what folks pay nationally, and monthly rent is 40% lower than the usual rates. Plus, income levels matter too, with Canton boasting a median household income of $69,671, which is 14.3% lower than the national average.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Canton, the utilities index registers 0.8% lower than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Canton, the transportation index is 2.9% higher than the national average.
Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Canton, the housing index is 42.3% lower than the national average.
The cost of living data for Canton shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $88,305 | $7,359 | $2,060 | $2,649 |
| Renters | $34,517 | $2,876 | $805 | $1,036 |
| State | General Sales Tax | With Max Surtax |
| Illinois | 6.25% | 10.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Illinois | 4.95% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Ellisville, IL | 100 | 75 | 24.7% |
| Smithfield, IL | 189 | 78 | 22.1% |
| Liverpool, IL | 131 | 81 | 19.1% |
| Fairview, IL | 466 | 81 | 18.6% |
| London Mills, IL | 334 | 82 | 17.8% |
| Canton, IL | 13,910 | 87 | 12.9% |
| City | Population | Cost of Living Index | National Avg. |
| Monroe, GA | 13,903 | 95 | 4.7% |
| Englewood, OH | 13,901 | 90 | 10.3% |
| Jensen Beach, FL | 13,898 | 111 | 11.4% |
| New Providence, NJ | 13,898 | 166 | 65.7% |
| The Nation / La Nation, ON | 13,890 | n/a | |
| Canton, IL | 13,910 | 87 | 12.9% |
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