Cost of Living in McLean County, Illinois

$992/mo
Median Monthly Rent
$198,300
Median Home Value
19% above state averageUnaffordable

At a Glance

Median Monthly Rent
$992/mo
19% above state average
Median Home Value
$198,300
30% below national
Rent-to-Income Ratio
26.0%
% 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 McLean County Compares

Median monthly rent comparison

McLean County$992/mo
Illinois Average$837/mo
National Median$1,163/mo

Detailed Housing Stats

$992/mo
Median Gross Rent
$198,300
Median Home Value
$1,251/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in McLean County, Illinois

McLean rents are above national average

McLean County's rent-to-income ratio of 15.2% slightly exceeds the national norm, with a median rent of $992/month that represents solid value for a Midwest county. The median household income of $78,329 is 5% above the national average, providing reasonable cushion against housing costs.

Above-average Illinois housing costs

McLean's rent-to-income ratio of 15.2% exceeds the Illinois state average of 14.7%, and its median rent of $992 is $155 above the state median. This positions McLean among Illinois's pricier counties, though far below the premium markets of McHenry.

Expensive but income-supported

McLean's $992 rent is the second-highest in the region after McHenry ($1,358), exceeding Madison ($969), Massac ($793), and others. McLean's median income of $78,329 is the second-highest regionally, suggesting residents can support these higher costs with relative stability.

Modest housing burden on solid incomes

McLean residents earning a median of $78,329 spend $992/month on rent (15.2%) or $1,251/month on homeownership (19.2%). These ratios mean housing consumes roughly one-third of gross income, leaving moderate room for other essential expenses and modest savings.

McLean balances cost and income

If you're relocating to central Illinois, McLean County offers above-average amenities, solid incomes ($78,329 median), and reasonable affordability given the region. Compare this to nearby Madison ($74,800 income, $969 rent) to decide which county best fits your household budget.

Affordability Calculator

See how your income compares to housing costs in McLean County

$

Rent Burden

15.2%

of gross income

Max Housing (28% Rule)

$1,828

per month

Owner Cost Burden

19.2%

of gross income

You can likely afford the median home in McLean County

Median home value is $198,300. Estimated monthly cost: $1,583 vs. your max of $1,828.

Rent Affordability Guide

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

Frequently Asked Questions

What is the cost of living in McLean County, Illinois?
McLean County, Illinois has a median monthly rent of $992/mo and a median home value of $198,300. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in McLean County?
The median gross rent in McLean County is $992/mo. This is 19% above state average for Illinois.
Is McLean County affordable?
McLean County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does McLean County's rent compare to the state average?
McLean County's median rent of $992/mo is 19% above state average of $837/mo for Illinois.
What is the median home value in McLean County?
The median home value in McLean County, Illinois is $198,300. This is 30% 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.