salaryRent is higher than in 57% of U.S. cities. Household incomes are higher than in 94% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 32.2 minutes each way. Most homes (82%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $71,600 a year. That is $34 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 227 of 334 cities from cheapest to most expensive.
How much do households earn in Volo?
Share of households by yearly income. 70.0% of households earn $100,000 or more.
Rent by apartment size in Volo
| Size | Volo | U.S. average |
|---|---|---|
| 2 bedrooms | $2,479 | $1,509 |
| 3 bedrooms | $1,982 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Volo 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 Volo, so the Illinois figure is shown.
Taxes and bills in Volo
Life in Volo
Is it cheaper to rent or buy in Volo?
Renting is cheaper right now: about $428 a month less.
Owning assumes a typical $319,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $31,970 for the down payment.
Frequently asked questions
What is the average rent in Volo, IL?
Renting in Volo costs a median of about $1,790 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Volo?
To keep rent under 30% of income, you need about $71,600 a year, or $34 an hour at a full-time job.
Is Volo cheap or expensive?
Volo is rated Cheap: rent takes 12.4% of the typical household income of $173,414. It ranks 227th cheapest of 334 Illinois cities we track.
How much are property taxes in Volo?
The median homeowner in Volo pays $9,583 a year in property taxes, about 3.00% of the median home value.
Is Volo 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 Volo?
The median home value in Volo is $319,700, about 1.8 times the typical yearly household income.
6,706 people live in Volo. Numbers are typical (middle) values.