Cost of Living in Posen, IL: Rent, Income & Home Prices

OKRent takes 23 cents of every $1 people earn here.

🏠 Rent per month (2026)$1,51714% lower than U.S. average

💵 Families earn per year (2026)$78,786about $6,566/month · 10% lower than U.S. average

🔑 House price$172,90048% lower than U.S. average

Rent is lower than in 57% of 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 $60,680 a year. That is $29 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 168 of 334 cities from cheapest to most expensive.

Posen

$1,517

$2,101

$1,242

$2,030

$756

$1,586

$3,500+

How much do households earn in Posen?

Under $25k

18.9%

$25k–50k

19.4%

$50k–100k

45.6%

$100k–150k

10.8%

$150k+

2.4%

Share of households by yearly income. 13.2% of households earn $100,000 or more.

Rent by apartment size in Posen

Size	Posen	U.S. average
2 bedrooms	$1,210	$1,509
3 bedrooms	$1,790	$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Posen overall?

Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).

Housing

Goods (food, clothes…)

104

Utilities

Other services

100

U.S. average

100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Posen, so the Illinois figure is shown.

Taxes and bills in Posen

🏛️ Property tax$3,253a year · 1.88% of home value · U.S. $3,119

⚡ Electric bill$145a month (typical) · U.S. $156

Life in Posen

Commute to work24.3 minU.S.: 26.4 min

College degree11.5%U.S.: 35.7%

Own their home67.1%U.S.: 65.2%

Below poverty line21.5%U.S.: 12.5%

Unemployment6.1%U.S.: 5.2%

Is it cheaper to rent or buy in Posen?

Buying is cheaper month to month: about $317 a month less than renting.

Renting

$1,517

Owning

$1,200

Owning assumes a typical $172,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,290 for the down payment.

Frequently asked questions

What is the average rent in Posen, IL?

Renting in Posen costs a median of about $1,517 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in Posen?

To keep rent under 30% of income, you need about $60,680 a year, or $29 an hour at a full-time job.

Is Posen cheap or expensive?

Posen is rated OK: rent takes 23.1% of the typical household income of $78,786. It ranks 168th cheapest of 334 Illinois cities we track.

How much are property taxes in Posen?

The median homeowner in Posen pays $3,253 a year in property taxes, about 1.88% of the median home value.

Is Posen 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 Posen?

The median home value in Posen is $172,900, about 2.2 times the typical yearly household income.

5,292 people live in Posen. Numbers are typical (middle) values.

Is Posen, IL expensive to live in?