What is the median household income in McHenry Township, IL?
The median household income in McHenry Township, IL is $94,531 (±$4,664) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,396 a month would take about $55,800 a year at the common guideline of spending no more than 30% of income on rent.
In McHenry Township, the median household income went from $75,315 in 2015–2019 to $94,531 in 2020–2024 (+25.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $94,531 (±$4,664)
- Median renter income
- $48,449 (±$12,259)
- Income to afford median rent
- about $55,800
Income in McHenry Township against McHenry County, its state and the nation
| McHenry Township | McHenry County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $94,531 (±$4,664) | $104,802 (±$2,178) | $83,390 (±$362) | $80,734 |
| Median renter household income | $48,449 (±$12,259) | $56,791 (±$4,428) | $50,420 (±$471) | $52,966 |
| Median owner household income | $103,392 (±$5,999) | $118,391 (±$2,446) | $103,505 (±$377) | $100,009 |
| Median gross rent | $1,396 (±$83) | $1,401 (±$41) | $1,274 (±$5) | $1,413 |
In McHenry Township, median household income is lower than in McHenry County ($104,802).
It is also higher than in Illinois ($83,390).
It is higher than the national figure ($80,734).
In McHenry County, McHenry Township ranks 32 of 46 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 650 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in McHenry Township
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,396 a month ($16,752 a year) needs an income of about $55,800 a year.
The median renting household in McHenry Township earns $48,449 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $75,315 (±$2,863) | $94,531 (±$4,664) | +25.5% | No measurable change after inflation |
| Median gross rent | $1,255 (±$68) | $1,396 (±$83) | +11.2% | Down after inflation |
| Median home value | $182,700 (±$7,127) | $261,900 (±$8,767) | +43.3% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near McHenry Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| McHenry Township | — | $94,531 (±$4,664) | — |
| McCullom Lake | 0.9 mi | $72,791 (±$15,568) | Lower |
| Johnsburg | 1.9 mi | $121,023 (±$24,453) | Higher |
| Ringwood | 2.1 mi | $143,750 (±$66,111) | Not measurably different |
| McHenry | 2.5 mi | $86,315 (±$6,312) | Lower |
| Wonder Lake | 3.6 mi | $94,655 (±$21,766) | Not measurably different |
| Pistakee Highlands | 4.2 mi | $102,986 (±$18,820) | Not measurably different |
| Lakemoor | 4.6 mi | $100,414 (±$8,950) | Not measurably different |
| Bull Valley | 5.3 mi | $191,250 (±$32,483) | Higher |
Nearby places with a measurably lower figure: McCullom Lake, IL ($72,791), McHenry, IL ($86,315).
Nearby places with a measurably higher figure: Johnsburg, IL ($121,023), Bull Valley, IL ($191,250).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across McHenry County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 26 | Pistakee Highlands | $102,986 (±$18,820) |
| 27 | Alden Township | $102,710 (±$48,540) |
| 28 | Lakemoor | $100,414 (±$8,950) |
| 29 | Greenwood Township (McHenry County) | $98,214 (±$10,217) |
| 30 | Richmond Township | $95,789 (±$18,643) |
| 31 | Wonder Lake | $94,655 (±$21,766) |
| 32 | McHenry Township | $94,531 (±$4,664) |
| 33 | Dunham Township | $92,697 (±$44,506) |
| 34 | Union | $89,844 (±$29,864) |
| 35 | Huntley | $88,536 (±$11,438) |
| 36 | Dorr Township | $87,800 (±$10,363) |
| 37 | McHenry | $86,315 (±$6,312) |
| 38 | Hebron | $85,375 (±$23,150) |
Showing 13 of 46 places in McHenry County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about McHenry Township
What is the median household income in McHenry Township?
The median household income in McHenry Township is $94,531 (±$4,664) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in McHenry Township?
About $55,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,396 a month.
Have incomes in McHenry Township kept up with inflation?
In McHenry Township, the median household income went from $75,315 in 2015–2019 to $94,531 in 2020–2024 (+25.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in McHenry Township?
The median renting household in McHenry Township, IL earns $48,449 (±$12,259) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — McHenry township, McHenry County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — McHenry township, McHenry County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — McHenry township, McHenry County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — McHenry township, McHenry County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — McHenry township, McHenry County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — McHenry township, McHenry County, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for McHenry township, McHenry County, Illinois (county subdivision:45707, in state:17 county:111).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in McHenry Township at a glance
- Median rent in McHenry Township
- Rent by bedrooms in McHenry Township
- Rent burden in McHenry Township
- Renters and owners in McHenry Township
- Home values in McHenry Township
- Homeowner costs in McHenry Township
- Property taxes in McHenry Township
- Types of homes in McHenry Township
- Bedrooms in McHenry Township
- Age of homes in McHenry Township
- Vacancy rate in McHenry Township
- Heating fuel in McHenry Township
- Commute and cars in McHenry Township
- Population growth in McHenry Township
- How long people stay in McHenry Township
- Crowding and facilities in McHenry Township
- Fair Market Rent in McHenry Township
- Illinois landlord and tenant rules
- Housing across McHenry County
- Illinois places ranked by median household income
- Housing data for every place in Illinois