Renting in Spaulding: a two-bedroom costs about $1,410
Spaulding is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Only 1 sale in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What stands out about housing in Spaulding
Why Spaulding isn’t graded
The grade needs at least two of four Census figures: home value, rent, property tax and the share of households paying 30% or more for housing.
Next door, Riverton grades B+ for cost of living, with a typical home of $198K (Zillow, September 2026).
A two-bedroom rents for about $1,410
Renters already here pay a median of $698, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Springfield, IL MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the Illinois norm
The median bill is $3,878 (Illinois: $5,298), 1.76% of a home’s value a year, against 2.01% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Spaulding vs. its neighbors
Of the 2 towns here with a Zillow value, Spaulding has the 2nd-lowest.
Questions about the cost of living in Spaulding
How much is rent in Spaulding?
HUD puts a two-bedroom at about $1,410 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $698 (Census 2020–24).
What are property taxes in Spaulding?
The median bill is $3,878 a year, 1.76% of the median home value (Illinois: $5,298, 2.01%), from the Census 2020–24.
Why doesn’t Spaulding have a cost of living grade?
Spaulding is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Neighbors talk housing
What Spaulding buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.