Cost of Living in Machesney Park, IL
Population 22,630 · Census ACS 2020–2024 5-year estimates
The median rent in Machesney Park, IL is $1,102/month, 14% lower than the Illinois median and 22% lower than the U.S. median. The median home value is $173,700, 48% lower than the national median. Households earn a median of $75,489 a year, 9% lower than the state median.
Affordability
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Machesney Park vs. Illinois vs. U.S.
| Machesney Park | Illinois | U.S. | |
|---|---|---|---|
| Median rent | $1,102 | $1,274 | $1,413 |
| Median home value | $173,700 | $263,300 | $332,700 |
| Median household income | $75,489 | $83,390 | $80,734 |
| Homeownership rate | 79.6% | 67.1% | 65.2% |
| Bachelor's degree or higher | 19.4% | 37.8% | 35.7% |
| Poverty rate | 13.7% | 11.8% | 12.5% |
| Unemployment rate | 7.1% | 5.8% | 5.2% |
| Work from home | 9.1% | 15.9% | 15.1% |
| Median age | 40.3 | 39.0 | 38.9 |
FAQ
What is the average rent in Machesney Park, IL?
The median gross rent in Machesney Park, IL is $1,102 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Machesney Park, IL?
Using the common 30% rule, renting a median-priced home takes about $44,080 a year in gross income.
Is Machesney Park, IL expensive to live in?
Rent there is 22% lower than the U.S. median, and the median home costs about 2.3 times the median household income.
Other cities in Illinois
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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