salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $27,880 a year. That is $13 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 5 of 334 cities from cheapest to most expensive.
How much do households earn in Granite City?
Share of households by yearly income. 13.4% of households earn $100,000 or more.
Rent by apartment size in Granite City
| Size | Granite City | U.S. average |
|---|---|---|
| Studio | $713 | $1,338 |
| 1 bedroom | $637 | $1,324 |
| 2 bedrooms | $985 | $1,509 |
| 3 bedrooms | $1,361 | $1,698 |
| 4 bedrooms | $1,581 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Granite City 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 Granite City, so the Illinois figure is shown.
Taxes and bills in Granite City
Life in Granite City
Is it cheaper to rent or buy in Granite City?
About the same. Renting and owning cost within $27 of each other each month.
Owning assumes a typical $104,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $10,430 for the down payment.
Frequently asked questions
What is the average rent in Granite City, IL?
Renting in Granite City costs a median of about $697 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Granite City?
To keep rent under 30% of income, you need about $27,880 a year, or $13 an hour at a full-time job.
Is Granite City cheap or expensive?
Granite City is rated Cheap: rent takes 13.1% of the typical household income of $63,853. It ranks 5th cheapest of 334 Illinois cities we track.
How much are property taxes in Granite City?
The median homeowner in Granite City pays $2,062 a year in property taxes, about 1.98% of the median home value.
Is Granite City 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 Granite City?
The median home value in Granite City is $104,300, about 1.6 times the typical yearly household income.
26,549 people live in Granite City. Numbers are typical (middle) values.