CHAMPAIGN, IL (CHAMBANA TODAY) – According to research published on doxo.com, the average household in Champaign spends $2,153 monthly ($25,831 yearly) on bills. With the average annual household income totaling $4,677 monthly ($5,219 yearly), these expenses account for approximately 43% of income.
As such, Champaign ranks as the 127th most expensive city in Illinois regarding household expenses.
Average Monthly Payment in Champaign by Bill Type
Mortgage: $1,299
Rent: $1,049
Auto Loans: $709
Utilities: $373
Health Insurance: $69
Auto Insurance: $95
Cable & Internet: $158
Mobile: $78
Alarm & Security: $91
Life Insurance: $69
Both the average mortgage and rent bills in Champaign are 1,2% higher than the national averages, with mortgage in Champaign being $1,299 and rent being $1,049, and national averages coming in at $1,402 and $1,300, respectively.
Average auto loan cost in Champaign is noticeably higher than the national average, coming in at $709 in Jonesboro and $496 nationally, with just about 74% of the population paying an auto loan.