salaryRent is higher than in 53% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 16.6 minutes. Most homes (79.9%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $69,080 a year. That is $33 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
No. Rent here is more expensive than in most of Illinois. It is number 216 of 334 cities from cheapest to most expensive.
How much do households earn in Morton?
Share of households by yearly income. 33.9% of households earn $100,000 or more.
Rent by apartment size in Morton
| Size | Morton | U.S. average |
|---|---|---|
| Studio | $1,324 | $1,338 |
| 1 bedroom | $910 | $1,324 |
| 2 bedrooms | $1,158 | $1,509 |
| 3 bedrooms | $1,578 | $1,698 |
| 4 bedrooms | $2,193 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Morton 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 Morton, so the Illinois figure is shown.
Taxes and bills in Morton
Life in Morton
Is it cheaper to rent or buy in Morton?
Buying is cheaper month to month: about $66 a month less than renting.
Owning assumes a typical $239,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,940 for the down payment.
Frequently asked questions
What is the average rent in Morton, IL?
Renting in Morton costs a median of about $1,727 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Morton?
To keep rent under 30% of income, you need about $69,080 a year, or $33 an hour at a full-time job.
Is Morton cheap or expensive?
Morton is rated OK: rent takes 20.4% of the typical household income of $101,813. It ranks 216th cheapest of 334 Illinois cities we track.
How much are property taxes in Morton?
The median homeowner in Morton pays $4,761 a year in property taxes, about 1.99% of the median home value.
Is Morton 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 Morton?
The median home value in Morton is $239,400, about 2.4 times the typical yearly household income.
16,595 people live in Morton. Numbers are typical (middle) values.