Zip 60051 (Mchenry, IL) Cost of Living


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How much do I need to live in Mchenry, Illinois?
$4,170 / month
for a family, 22.8% less expensive than the national average A total of $50,040 for the year for a family.
$4,867 / month
for a single person, 2.1% more expensive than the national average A total of $58,400 for the year for a single person.

Mchenry cost of living score
101.9
More expensive
1.9% higher
than the US average
8.8% higher
than the Illinois average
Mchenry (zip 60051), Illinois gets a BestPlaces Cost of Living score of 101.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 1.9% higher than the U.S. average and 8.8% higher than the average for Illinois.

Zip 60051 (Mchenry, IL)

Housing costs in Mchenry?
A typical home costs $260,800, which is 22.9% less expensive than the national average of $338,100 and 7.9% more expensive than the average Illinois home, at $241,700. Renting a two-bedroom unit in Mchenry costs $1,670 per month, which is 16.8% more than the national average of $1,430 and 24.6% more than the state average of $1,260.

Can I afford Mchenry?
To live comfortably in Mchenry (zip 60051), Illinois, a minimum annual income of $50,040 for a family, and $58,400 for a single person is recommended.

What does A.I. say about Mchenry?
The cost of living in 60051 Mchenry, IL is slightly above the national average. This is mainly due to the higher than average housing costs. The median home value is around $192,000, which is well above the national median of $184,700. Groceries and utilities also tend to be a bit more expensive than other parts of the country. However, transportation costs are below the national average, making it a popular choice for those who need to commute for work or other purposes. Overall, life in 60051 Mchenry is quite affordable compared to other areas of Illinois and offers plenty of amenities that make it an attractive place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMchenryIllinoisUnited States
    Unlock93.7100.0
  95.8  Unlock100.0
    Unlock96.9100.0
  78.6  Unlock100.0
    Unlock$241,700$338,100
  96.2  Unlock100.0
    Unlock106.2100.0
  138.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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