What is the median household income in Rantoul Township, IL?
The median household income in Rantoul Township, IL is $50,659 (±$4,149) a year (2020–2024 American Community Survey).
Paying the median gross rent of $925 a month would take about $37,000 a year at the common guideline of spending no more than 30% of income on rent.
In Rantoul Township, the median household income went from $46,672 in 2015–2019 to $50,659 in 2020–2024 (+8.5%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- Median household income
- $50,659 (±$4,149)
- Median renter income
- $44,577 (±$3,665)
- Income to afford median rent
- about $37,000
Income in Rantoul Township against Champaign County, its state and the nation
| Rantoul Township | Champaign County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $50,659 (±$4,149) | $63,683 (±$1,675) | $83,390 (±$362) | $80,734 |
| Median renter household income | $44,577 (±$3,665) | $33,434 (±$1,390) | $50,420 (±$471) | $52,966 |
| Median owner household income | $61,364 (±$15,597) | $101,708 (±$3,128) | $103,505 (±$377) | $100,009 |
| Median gross rent | $925 (±$119) | $1,051 (±$21) | $1,274 (±$5) | $1,413 |
In Rantoul Township, median household income is lower than in Champaign County ($63,683).
It is also lower than in Illinois ($83,390).
It is lower than the national figure ($80,734).
In Champaign County, Rantoul Township ranks 50 of 54 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 2364 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Rantoul Township
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $925 a month ($11,100 a year) needs an income of about $37,000 a year.
The median renting household in Rantoul Township earns $44,577 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $46,672 (±$2,756) | $50,659 (±$4,149) | +8.5% | Down after inflation |
| Median gross rent | $814 (±$48) | $925 (±$119) | +13.6% | No measurable change after inflation |
| Median home value | $85,000 (±$4,041) | $113,000 (±$8,957) | +32.9% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Rantoul Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Rantoul Township | — | $50,659 (±$4,149) | — |
| Thomasboro | 2.2 mi | $64,038 (±$6,426) | Higher |
| Rantoul | 2.3 mi | $48,691 (±$5,061) | Not measurably different |
| Condit Township | 6.1 mi | $111,607 (±$44,968) | Higher |
| Somer Township | 6.3 mi | $103,793 (±$55,359) | Not measurably different |
| Ludlow Township | 6.4 mi | $55,012 (±$13,103) | Not measurably different |
| Stanton Township | 7.7 mi | $163,158 (±$61,130) | Higher |
| Gifford | 8.0 mi | $76,964 (±$13,859) | Higher |
| Harwood Township | 8.2 mi | $77,411 (±$32,021) | Not measurably different |
Nearby places with a measurably higher figure: Thomasboro, IL ($64,038), Condit Township, IL ($111,607), Stanton Township, IL ($163,158).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Champaign County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 44 | Ayers Township | $62,500 (±$21,395) |
| 45 | Lake of the Woods | $61,625 (±$23,542) |
| 46 | Colfax Township | $58,839 (±$15,093) |
| 47 (tie) | Champaign | $56,118 (±$3,560) |
| 47 (tie) | Champaign City Township | $56,118 (±$3,560) |
| 49 | Ludlow Township | $55,012 (±$13,103) |
| 50 | Rantoul Township | $50,659 (±$4,149) |
| 51 | Rantoul | $48,691 (±$5,061) |
| 52 (tie) | Urbana | $45,346 (±$5,415) |
| 52 (tie) | Cunningham Township | $45,346 (±$5,415) |
| 54 | Ludlow | $45,000 (±$13,835) |
Showing 11 of 54 places in Champaign County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Rantoul Township
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Rantoul Township beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Rantoul Township, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Rantoul Township, and send estimates and invoices from your phone.
Questions about Rantoul Township
What is the median household income in Rantoul Township?
The median household income in Rantoul Township is $50,659 (±$4,149) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Rantoul Township?
About $37,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $925 a month.
Have incomes in Rantoul Township kept up with inflation?
In Rantoul Township, the median household income went from $46,672 in 2015–2019 to $50,659 in 2020–2024 (+8.5%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
What do renters earn in Rantoul Township?
The median renting household in Rantoul Township, IL earns $44,577 (±$3,665) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Rantoul township, Champaign County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Rantoul township, Champaign County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Rantoul township, Champaign County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Rantoul township, Champaign County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Rantoul township, Champaign County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Rantoul township, Champaign County, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Rantoul township, Champaign County, Illinois (county subdivision:62796, in state:17 county:019).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Rantoul Township at a glance
- Median rent in Rantoul Township
- Rent by bedrooms in Rantoul Township
- Rent burden in Rantoul Township
- Renters and owners in Rantoul Township
- Home values in Rantoul Township
- Homeowner costs in Rantoul Township
- Property taxes in Rantoul Township
- Types of homes in Rantoul Township
- Bedrooms in Rantoul Township
- Age of homes in Rantoul Township
- Vacancy rate in Rantoul Township
- Heating fuel in Rantoul Township
- Commute and cars in Rantoul Township
- Population growth in Rantoul Township
- How long people stay in Rantoul Township
- Crowding and facilities in Rantoul Township
- Illinois landlord and tenant rules
- Housing across Champaign County
- Illinois places ranked by median household income
- Housing data for every place in Illinois