salaryRent is lower than in 74% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (84%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $49,360 a year. That is $24 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
Yes. Rent here is cheaper than in most of Illinois. It is number 102 of 334 cities from cheapest to most expensive.
How much do households earn in Godfrey?
Share of households by yearly income. 33.3% of households earn $100,000 or more.
Rent by apartment size in Godfrey
| Size | Godfrey | U.S. average |
|---|---|---|
| 1 bedroom | $1,015 | $1,324 |
| 2 bedrooms | $1,256 | $1,509 |
| 3 bedrooms | $1,523 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Godfrey overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Godfrey, so the Illinois figure is shown.
Taxes and bills in Godfrey
Life in Godfrey
Is it cheaper to rent or buy in Godfrey?
Renting is cheaper right now: about $100 a month less.
Owning assumes a typical $192,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,220 for the down payment.
Frequently asked questions
What is the average rent in Godfrey, IL?
Renting in Godfrey costs a median of about $1,234 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Godfrey?
To keep rent under 30% of income, you need about $49,360 a year, or $24 an hour at a full-time job.
Is Godfrey cheap or expensive?
Godfrey is rated Cheap: rent takes 14.5% of the typical household income of $101,965. It ranks 102nd cheapest of 334 Illinois cities we track.
How much are property taxes in Godfrey?
The median homeowner in Godfrey pays $3,675 a year in property taxes, about 1.91% of the median home value.
Is Godfrey more expensive than the national average?
Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Godfrey?
The median home value in Godfrey is $192,200, about 1.9 times the typical yearly household income.
17,712 people live in Godfrey. Numbers are typical (middle) values.