Cost of Living in Henry County, IL
Population 48,643 · Census ACS 2020–2024 5-year estimates
The median rent in Henry County, IL is $842/month, 34% lower than the Illinois median and 40% lower than the U.S. median. The median home value is $151,600, 54% lower than the national median. Households earn a median of $71,911 a year, 14% lower than the state median.
Affordability
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Henry County vs. Illinois vs. U.S.
| Henry County | Illinois | U.S. | |
|---|---|---|---|
| Median rent | $842 | $1,274 | $1,413 |
| Median home value | $151,600 | $263,300 | $332,700 |
| Median household income | $71,911 | $83,390 | $80,734 |
| Homeownership rate | 79.9% | 67.1% | 65.2% |
| Bachelor's degree or higher | 24.7% | 37.8% | 35.7% |
| Poverty rate | 8.9% | 11.8% | 12.5% |
| Unemployment rate | 4.8% | 5.8% | 5.2% |
| Work from home | 8.7% | 15.9% | 15.1% |
| Median age | 43.6 | 39.0 | 38.9 |
FAQ
What is the average rent in Henry County, IL?
The median gross rent in Henry County, IL is $842 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Henry County, IL?
Using the common 30% rule, renting a median-priced home takes about $33,680 a year in gross income.
Is Henry County, IL expensive to live in?
Rent there is 40% lower than the U.S. median, and the median home costs about 2.1 times the median household income.
Other counties in Illinois
Counties 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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