Cost of Living in Hancock County, IL

What does it cost to live in Hancock County? Income, housing, and affordability breakdown.

Median Income

$61,026

Median Rent

$736/mo

Median Home

$104,200

Affordability

704

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$527
Property Tax$160
Insurance$35

Total Monthly$722
% of Income14.2%

Renting

Median Rent$736
Renter's Insurance$25

Total Monthly$761
% of Income14.5%

Living in Hancock County, Illinois

Hancock County has a median household income of $61,026 with housing costs that represent 14.2% of income for owners and 14.5% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 704 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Illinois

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.