| Index | Mattoon | Illinois | National |
| Cost of living | 84 | 98 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 99 | 100 | 100 |
| Housing | 51 | 95 | 100 |
| Transportation | 100 | 101 | 100 |
| Utilities | 100 | 99 | 100 |
| Lifestyle & Entertainment | 94 | 100 | 100 |
| Household Items | 98 | 100 | 100 |
| Education & Childcare | 96 | 100 | 100 |
Getting a feel for the cost of living in Mattoon is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Mattoon is 84, which is 16% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
It's not uncommon for housing expenses to eat up a substantial portion of your income, oten exceeding 30%. The good news is that Mattoon stands out by reporting housing costs that are 48.6% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more affordable compared to the rest of the country. This favorable housing situation allows residents to allocate a more manageable portion of their income to housing, resulting in greater financial flexibility.
Is Mattoon an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Mattoon is 54.5% lower than the national average, while the average monthly rent prices are 35% lower than average. The affordability of any location can also be influenced by median income levels. Mattoon has a median household income of $61,396, which is 24.5% lower than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Mattoon, the utilities index is 0.4% lower than the national average.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Mattoon, the housing index stands at 48.6% lower than the national average.
The cost of living data for Mattoon 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 | $82,629 | $6,886 | $1,928 | $2,479 |
| Renters | $38,462 | $3,205 | $897 | $1,154 |
| 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. |
| Hindsboro, IL | 416 | 83 | 17.2% |
| Lerna, IL | 258 | 82 | 17.7% |
| Allenville, IL | 138 | 83 | 17.5% |
| Toledo, IL | 1,204 | 82 | 17.8% |
| Neoga, IL | 1,633 | 83 | 16.9% |
| Mattoon, IL | 17,637 | 84 | 16.0% |
| City | Population | Cost of Living Index | National Avg. |
| Lake Mary, FL | 17,634 | 128 | 27.8% |
| North Canton, OH | 17,640 | 93 | 6.8% |
| Clive, IA | 17,633 | 110 | 10.4% |
| Colonial Heights, VA | 17,631 | 103 | 2.9% |
| Calhoun, GA | 17,644 | 95 | 5.5% |
| Mattoon, IL | 17,637 | 84 | 16.0% |
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