Cost of Living in Henderson County, Illinois

$834/mo
Median Monthly Rent
$101,600
Median Home Value
0% below state averageUnaffordable

At a Glance

Median Monthly Rent
$834/mo
0% below state average
Median Home Value
$101,600
64% below national
Rent-to-Income Ratio
22.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Henderson County Compares

Median monthly rent comparison

Henderson County$834/mo
Illinois Average$837/mo
National Median$1,163/mo

Detailed Housing Stats

$834/mo
Median Gross Rent
$101,600
Median Home Value
$648/mo
Monthly Owner Cost
22.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Henderson County, Illinois

Henderson County's rent-to-income ratio edges upward

At 15.2%, Henderson County's rent-to-income ratio exceeds both the national 30% affordability standard and Illinois's 14.7% state average—just barely. While still affordable by national measures, renters here face slightly tighter housing cost pressures than the typical Illinois resident.

Above-average rents, slightly above state norm

Henderson County's $834 median rent is nearly equivalent to the state's $837 average, with a 15.2% rent-to-income ratio slightly exceeding the statewide 14.7%. The county ranks among Illinois's pricier rental markets relative to income.

Notably pricier than most nearby counties

Henderson County's $834 median rent tops all comparison counties except Iroquois ($793)—running $268 higher than Hamilton and dramatically higher than Hardin's $342. Renters here pay a visible premium compared to surrounding areas.

Rent claims 15.2% of household income

With median household income of $65,651, residents pay $834 monthly in rent, consuming a larger-than-ideal share of budgets. Homeowners spend $648 monthly on properties valued near $101,600, providing a moderate ownership alternative.

Budget-conscious renters, compare carefully

Henderson County's rents are higher than most neighboring Illinois counties, so comparison shopping is essential before relocating. If affordability is your driver, examine nearby options like Hamilton or Hardin before committing to this market.

Affordability Calculator

See how your income compares to housing costs in Henderson County

$

Rent Burden

15.2%

of gross income

Max Housing (28% Rule)

$1,532

per month

Owner Cost Burden

11.8%

of gross income

You can likely afford the median home in Henderson County

Median home value is $101,600. Estimated monthly cost: $811 vs. your max of $1,532.

Rent Affordability Guide

Your rent-to-income ratio15.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Henderson County, Illinois?
Henderson County, Illinois has a median monthly rent of $834/mo and a median home value of $101,600. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.
What is the median rent in Henderson County?
The median gross rent in Henderson County is $834/mo. This is 0% below state average for Illinois.
Is Henderson County affordable?
Henderson County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Henderson County's rent compare to the state average?
Henderson County's median rent of $834/mo is 0% below state average of $837/mo for Illinois.
What is the median home value in Henderson County?
The median home value in Henderson County, Illinois is $101,600. This is 64% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.