Richland County, IL

Comprehensive housing, income, and cost of living data for Richland County, Illinois. Population: 15.7K.

Median Home Price
$134.6K

Based on 5 cities

Median Household Income
$60.4K

Annual household income

Price-to-Income Ratio
2.2x

Highly affordable

Salary Needed to Buy
$37.3K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$1,618

Average annual amount

Effective Tax Rate
1.20%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$680
Property Tax$135
Insurance$56.07
Total Monthly$871
Historical Home Prices
2016
$94.3K
2017
$98.5K
+4.5%%
2018
$101.3K
+2.8%%
2019
$106.5K
+5.1%%
2020
$119.3K
+12.0%%
2021
$110.9K
-7.1%%
2022
$131.8K
+18.9%%
2023
$129.6K
-1.7%%
2024
$124.8K
-3.7%%
2025
$134.4K
+7.6%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
5.5%%

Near national average

Population Density
44

People per square mile

Political Lean (2020)
Competitive

R+1

Racial Demographics

White
93.7%
Black
0.3%
Hispanic
1.9%
Asian
0.3%
Two or More Races
3%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
55°F

Annual average

Sunny Days
187

Days per year

Annual Rainfall
46.6"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 47/100

Frequently Asked Questions

What is the median home price in Richland County, IL?

The median home price in Richland County, Illinois is $134.6K. The price-to-income ratio is 2.2x, meaning the median home costs 2.2 times the median household income.

What salary do you need to buy a home in Richland County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $37.3K per year to buy the median home in Richland County, IL. Monthly housing costs break down to $680 for mortgage, $135 for property tax, and $56.07 for insurance.

What is the property tax rate in Richland County?

The effective property tax rate in Richland County is 1.20%, which comes to approximately $1,618 per year on the median home.

What is the median household income in Richland County?

The median household income in Richland County, Illinois is $60.4K per year, based on Census Bureau American Community Survey data. The unemployment rate is 5.5%%.

Is Richland County a good place to live?

Richland County, Illinois has a population of 15.7K. Housing affordability is strong with a price-to-income ratio of 2.2x. The climate averages 55 degrees F with 187 sunny days per year. Compare Richland County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.