Cost of Living in Henderson County, Illinois
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Henderson County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Henderson County ranks #456 of 3,144 counties for affordability (top 15%)
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.
Cost of Living Advisory: Henderson County
Affordability Verdict
Henderson County offers affordable rental housing at a median of $834/month — about 15.2% of the typical household income here.
Rent vs. Own
The median rent in Henderson County is $834/month, while owner costs run $648/month. Owning saves approximately $186/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $33,360/year. For owner costs at the 28% rule, the required income is roughly $27,771/year. With a median household income of $65,651, most households can comfortably afford rent here. Notably, 22.0% of renter households in Henderson County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Illinois, Henderson County is more affordable than Menard County by roughly 7% ($834/mo vs $780/mo).
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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