Cost of Living in Henry County, IL

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

Median Income

$66,313

Median Rent

$814/mo

Median Home

$138,900

Affordability

562

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$702
Property Tax$236
Insurance$46

Total Monthly$984
% of Income17.8%

Renting

Median Rent$814
Renter's Insurance$25

Total Monthly$839
% of Income14.7%

Living in Henry County, Illinois

Henry County has a median household income of $66,313 with housing costs that represent 17.8% of income for owners and 14.7% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 562 (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.