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

Income, estimate (90% margin of error)
McHenry TownshipMcHenry CountyIllinoisUnited 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 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
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

Nearest places with a published estimate, compared with McHenry Township
PlaceDistanceMedian household incomeCompared with this place
McHenry Township—$94,531 (±$4,664)—
McCullom Lake0.9 mi$72,791 (±$15,568)Lower
Johnsburg1.9 mi$121,023 (±$24,453)Higher
Ringwood2.1 mi$143,750 (±$66,111)Not measurably different
McHenry2.5 mi$86,315 (±$6,312)Lower
Wonder Lake3.6 mi$94,655 (±$21,766)Not measurably different
Pistakee Highlands4.2 mi$102,986 (±$18,820)Not measurably different
Lakemoor4.6 mi$100,414 (±$8,950)Not measurably different
Bull Valley5.3 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

RankPlaceMedian household income
26Pistakee Highlands$102,986 (±$18,820)
27Alden Township$102,710 (±$48,540)
28Lakemoor$100,414 (±$8,950)
29Greenwood Township (McHenry County)$98,214 (±$10,217)
30Richmond Township$95,789 (±$18,643)
31Wonder Lake$94,655 (±$21,766)
32McHenry Township$94,531 (±$4,664)
33Dunham Township$92,697 (±$44,506)
34Union$89,844 (±$29,864)
35Huntley$88,536 (±$11,438)
36Dorr Township$87,800 (±$10,363)
37McHenry$86,315 (±$6,312)
38Hebron$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.

What you can do on Seayora in McHenry Township

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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

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.

Request a Census API 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 .

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