Champaign County · Illinois · Midwest · 39k residents
Urbana, IL: economy, jobs & business costs
The site-selection read on Urbana: labor costs, talent, corporate tax, energy, and business activity, with the Illinois median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,260/wk. Illinois's corporate income tax rate is 9.5%. Commercial electricity averages 11.8¢/kWh.
Compare Urbana side by side
Avg. weekly wage
$1,260/wk
Corporate income tax
9.5%
Bachelor's degree or higher
56.7%
Commercial electricity
11.8¢/kWh
Economic momentum
How fast Urbana's economy is moving, ranked against the US cities we track.
55/100
Steady
Ranks Urbana's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $184,900 |
| Price per sq. ft. | $175 |
| Property tax rate | 2.1% |
| 1-bedroom rent | $863/mo |
| 2-bedroom rent | $1,007/mo |
| State & local income tax | 4.95% |
| Sales tax | 8.85% |
| Corporate income tax | 9.5% |
| Avg. weekly wage | $1,260/wk |
| Bachelor's degree or higher | 56.7% |
| Commercial electricity | 11.8¢/kWh |
| Businesses per 1k residents | 19.4/1k |
| Wage: Software developer | $106,080 |
| Wage: Registered nurse | $90,230 |
| Wage: General manager | $96,610 |
| Wage: Customer service | $41,280 |
| Wage: Warehouse worker | $35,400 |
| Wage: Heavy truck driver | $56,270 |
| Wage: Electrician | $100,320 |
| Wage: Retail salesperson | $33,870 |
| Cost of living index | 83 |
| Groceries index | 98 |
| Utilities | $165/mo |
| Transit pass | $75/mo |
| Gas price | $3.65/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,300/mo |
| Median household income | $45,346 |
| Unemployment rate | 4.7% |
| Population | 39k |
| Crime index | 50/100 |
| School rating | 6.3/10 |
| Walkability | 30/100 |
| Disaster risk | 91/100 |
| Avg. commute | 29 min |
| Sunny days / year | 190 days |
| July high | 85°F |
| January low | 18°F |
| Annual snowfall | 21 in |
| Home price YoY | +7.5% |
| Home price MoM | 0.0% |
| Rent YoY | +5.8% |
| Rent MoM | +1.1% |
| Employment (jobs) YoY | +0.2% |
| Building permits YoY | +12.7% |
| Ocean coast | 675 mi |
| Big lake | 115 mi |
| Mountains | 222 mi |
| Major airport | 105 mi |
| Ski resort | 171 mi |
Popular comparisons
Nearby
- Champaign, IL · 90k
- Danville, IL · 29k
- Decatur, IL · 70k
- Charleston, IL · 17k
- Mattoon, IL · 17k
Similar size
- Carol Stream, IL · 39k
- Quincy, IL · 39k
- Streamwood, IL · 39k
- Park Ridge, IL · 39k
- Wheeling, IL · 38k
Real listings in Urbana
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Urbana a good place to run a business?
- Illinois's corporate income tax rate is 9.5%; average weekly wages in the surrounding labor market run $1,260/wk; commercial electricity averages 11.8¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Urbana, IL?
- Urbana indexes at 83 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,007/mo and a acs median home value of $184,900.
- How much does a house cost in Urbana?
- The acs median home value in Urbana is $184,900 (Census ACS estimate; individual listings vary).
- How much is rent in Urbana?
- A two-bedroom in Urbana rents for about $1,007/mo.