Cost of Living in Champaign
Champaign's cost of living runs genuinely favorable on both housing and homeowners insurance specifically, even as Illinois's real, statewide tax structure and Champaign's own locally elevated property-tax rate apply on top.
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Learn moreGenuinely low housing costs
Champaign's typical home value runs around $199,076 per Zillow -- substantially below the national figure, and among the more affordable Illinois Tier A markets in this project.
Illinois's cheapest homeowners insurance
Champaign has the cheapest homeowners insurance among Illinois's 20 largest cities, averaging roughly $976/year -- roughly 15% below Illinois's statewide $2,672 average.
A real, elevated property-tax offset
Champaign's own median effective property tax rate (2.24%) runs above Illinois's statewide 1.88% figure, with Champaign's combined sales tax reaching roughly 9.25%.
Key takeaways
- Champaign's housing costs run genuinely low -- a real, substantial cost-of-living advantage.
- Champaign carries Illinois's cheapest homeowners insurance among the state's 20 largest cities.
- Champaign's own 2.24% effective property tax rate runs above Illinois's statewide average, the clearest offsetting cost.
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