McHenry, IL Cost Of Living
Cost Of Living In McHenry, IL Summary
Cost of living in McHenry research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means McHenry is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in McHenry is 96, with 100 being the average.
The cost of living index in McHenry is 1.0x lower than the national average.
McHenry ranks as the #134 cheapest in Illinois out of 338.
McHenry ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in McHenry is $203,300.
The median income in McHenry is $76,858.
Table Of Contents
McHenry's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in McHenry, IL?
According to the most recent data on the cost of living, McHenry has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Illinois, McHenry has a cost of living index that's 1.0x higher than Illinois's index of 92.
The standard of living in McHenry ranks as #134 most affordable out of the 338 places we measured in Illinois. By definition, that implies McHenry ranks as the #204 most expensive place in the Prairie State.
For more reading on life in McHenry, check out:
- Living In McHenry
- McHenry Crime Report
- Search Homes For Sale In Mchenry, IL
In Illinois
In America
McHenry Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in McHenry. Here is how it fairs on each of the criteria:
The Services index in McHenry is 97.
The Groceries index in McHenry is 95.
The Health index in McHenry is 110.
The Housing index in McHenry is 98.
The Transportation index in McHenry is 107.
The Utilities index in McHenry is 91.
| Living Expense | McHenry | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 96 | 92 | 100 | |
| Services | 97 | 95 | 100 | |
| Groceries | 95 | 98 | 100 | |
| Health | 110 | 96 | 100 | |
| Housing | 98 | 81 | 100 | |
| Transportation | 107 | 105 | 100 | |
| Utilities | 91 | 90 | 100 | |
McHenry, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in McHenry is $203,300.
The Median Rent in McHenry is $1,409.
The Median Income in McHenry is $76,858.
The Home Value To Income in McHenry is 2.6x.
The Rent To Monthly Income in McHenry is 0.22x.
| Statistic | McHenry | Illinois | United States |
|---|---|---|---|
| Median Home Value | $203,300 | $212,600 | $244,900 |
| Median Rent | $1,409 | $1,097 | $1,163 |
| Median Income | $76,858 | $72,563 | $69,021 |
| Home Value To Income | 2.6x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
McHenry, IL Costs By Category
Detailed McHenry Services Costs Vs. Illinois
Detailed McHenry Groceries Costs Vs. Illinois
Detailed McHenry Health Costs Vs. Illinois
Detailed McHenry Transportation Costs Vs. Illinois
Detailed McHenry Utilities Costs Vs. Illinois
Mchenry SnackAbility
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Cost Of Living In Cities Around McHenry
The cost of living varies in the cities and towns around McHenry. Here's a quick look at the cost of living in the most populous nearby places:
Palatine, IL has a cost of living index of 117, 1.2x McHenry.
Mundelein, IL has a cost of living index of 113, 1.2x McHenry.
Gurnee, IL has a cost of living index of 117, 1.2x McHenry.
| City | Population | Cost Of Living | Vs. McHenry |
|---|---|---|---|
| Palatine, IL | 67,754 | 117 | 1.2x |
| Mundelein, IL | 31,596 | 113 | 1.2x |
| Gurnee, IL | 30,826 | 117 | 1.2x |
| Vernon Hills, IL | 26,723 | 126 | 1.3x |
| Libertyville, IL | 20,616 | 134 | 1.4x |
| Lake Zurich, IL | 19,807 | 125 | 1.3x |
| Lindenhurst, IL | 14,453 | 113 | 1.2x |
| Hawthorn Woods, IL | 8,959 | 168 | 1.8x |
| Long Grove, IL | 8,258 | 170 | 1.8x |
| Johnsburg, IL | 6,399 | 107 | 1.1x |
