Cost of Living in McHenry, IL
Population: 27,774 • 2026 Data
$86,865
Median Household Income
+12% vs national
$1,508
Median Monthly Rent
+12% vs national
$244,900
Median Home Value
-28% vs national
3.5%
Unemployment Rate
Housing in McHenry
The median home value in McHenry, IL is $244,900. Monthly rent for a typical unit averages $1,508, while total monthly housing costs (including utilities and insurance) average $1,559.
Rent-to-income ratio: 20.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in McHenry, IL is $86,865. The unemployment rate stands at 3.5%, with a labor force of 15,956 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.