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Cost of Living in Menard County, IL

Population 12,095 · Census ACS 2020–2024 5-year estimates

Median rent$885
Median home value$185,500
Median household income$82,176

The median rent in Menard County, IL is $885/month, 31% lower than the Illinois median and 37% lower than the U.S. median. The median home value is $185,500, 44% lower than the national median. Households earn a median of $82,176 a year, about the same as the state median.

Affordability

Rent as a share of median income: 12.9%
Income needed for median rent (30% rule): $35,400/yr
Home price-to-income ratio: 2.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $938/mo

Run your own numbers: mortgage calculator · hourly to salary

Menard County vs. Illinois vs. U.S.

Menard CountyIllinoisU.S.
Median rent$885$1,274$1,413
Median home value$185,500$263,300$332,700
Median household income$82,176$83,390$80,734
Homeownership rate79.5%67.1%65.2%
Bachelor's degree or higher28.3%37.8%35.7%
Poverty rate10.1%11.8%12.5%
Unemployment rate3.5%5.8%5.2%
Work from home11.0%15.9%15.1%
Median age42.839.038.9

FAQ

What is the average rent in Menard County, IL?

The median gross rent in Menard County, IL is $885 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Menard County, IL?

Using the common 30% rule, renting a median-priced home takes about $35,400 a year in gross income.

Is Menard County, IL expensive to live in?

Rent there is 37% lower than the U.S. median, and the median home costs about 2.3 times the median household income.

Other counties in Illinois

Cook County, ILRent $1,435 · Income $83,498DuPage County, ILRent $1,688 · Income $112,096Lake County, ILRent $1,477 · Income $110,416Will County, ILRent $1,462 · Income $109,984Kane County, ILRent $1,453 · Income $103,163McHenry County, ILRent $1,401 · Income $104,802

Counties with a similar cost of living

Cedar County, IARent $879 · Income $80,602Uinta County, WYRent $900 · Income $82,980Logan County, OKRent $891 · Income $83,899Green County, WIRent $867 · Income $82,852Converse County, WYRent $866 · Income $81,558Otoe County, NERent $914 · Income $82,188

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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