States › Illinois › Swansea

Is Swansea, IL expensive to live in?

CheapRent takes 15 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,25728% lower than U.S. average
💵 Families earn per year (2026)$98,777about $8,231/month · 13% higher than U.S. average
🔑 House price$223,60033% lower than U.S. average

Rent is lower than in 72% 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 $50,280 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 108 of 334 cities from cheapest to most expensive.

Swansea
$1,257
Sterling
$1,183
Warrenville
$2,851
Chatham
$1,528
Shiloh
$1,314
Antioch
$1,249
Macomb
$904

How much do households earn in Swansea?

Under $25k
12.1%
$25k–50k
16.9%
$50k–100k
36.4%
$100k–150k
17.4%
$150k+
14.8%

Share of households by yearly income. 32.2% of households earn $100,000 or more.

Rent by apartment size in Swansea

SizeSwanseaU.S. average
Studio$1,355$1,338
1 bedroom$1,082$1,324
2 bedrooms$1,309$1,509
3 bedrooms$1,375$1,698

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

How expensive is Swansea overall?

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

Housing
94
Goods (food, clothes…)
104
Utilities
85
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 Swansea, so the Illinois figure is shown.

Taxes and bills in Swansea

🏛️ Property tax$4,759a year · 2.13% of home value · U.S. $3,119
⚡ Electric bill$200a month (typical) · U.S. $156

Life in Swansea

Commute to work24.1 minU.S.: 26.4 min
College degree42.5%U.S.: 35.7%
Own their home73.4%U.S.: 65.2%
Below poverty line8.7%U.S.: 12.5%
Unemployment5.7%U.S.: 5.2%

Is it cheaper to rent or buy in Swansea?

Renting is cheaper right now: about $294 a month less.

Renting
$1,257
Owning
$1,551

Owning assumes a typical $223,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,360 for the down payment.

Frequently asked questions

What is the average rent in Swansea, IL?

Renting in Swansea costs a median of about $1,257 a month in 2026, including utilities. The Illinois median is $1,517.

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

To keep rent under 30% of income, you need about $50,280 a year, or $24 an hour at a full-time job.

Is Swansea cheap or expensive?

Swansea is rated Cheap: rent takes 15.3% of the typical household income of $98,777. It ranks 108th cheapest of 334 Illinois cities we track.

How much are property taxes in Swansea?

The median homeowner in Swansea pays $4,759 a year in property taxes, about 2.13% of the median home value.

Is Swansea 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 Swansea?

The median home value in Swansea is $223,600, about 2.3 times the typical yearly household income.

14,710 people live in Swansea. Numbers are typical (middle) values.