Henry County, IL at a glance
Median household income
$71,911$5,993 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Henry County, IL?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Henry County, IL? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Davenport-Moline-Rock Island, IA-IL MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $817 | $9,804 | $32,680 | 13.6% |
| 1-Bedroom Apartment | $928 | $11,136 | $37,120 | 15.5% |
| 2-Bedroom ApartmentBenchmark | $1,143 | $13,716 | $45,720 | 19.1% |
| 3-Bedroom Home | $1,498 | $17,976 | $59,920 | 25% |
| 4-Bedroom Home | $1,819 | $21,828 | $72,760 | 30.4% |
What a typical income covers in Henry County, IL
The 50/30/20 rule applied to the local median of $71,911 a year ($5,993 a month before tax).
What $71,911 leaves after Illinois taxes
Federal income tax, Social Security, Medicare and Illinois tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Illinois
Living in Henry County, IL: common questions
What is the median household income in Henry County, IL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Henry County, IL is $71,911 per year (approximately $5,993 per month).
What is the average rent in Henry County, IL?
The closest official figure is HUD's Fair Market Rent for 2026: $817 for a studio, $928 for one bedroom, $1,143 for two, $1,498 for three and $1,819 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Henry County, IL expensive to live in?
Prices there run 10.9% below the U.S. average. BEA's regional price parity for the metro area is 89.1, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Henry County, IL?
To keep a $1,143 two-bedroom under 30% of gross income, a household needs about $45,720 a year, or $3,810 a month. That is 64% of what the typical household in Henry County, IL earns.
How much do you need to live comfortably in Henry County, IL?
On the local median income of $71,911 ($5,993 a month before tax), the 50/30/20 rule leaves $2,996 a month for needs like rent, utilities and groceries, $1,798 for everything else and $1,199 for savings or debt. A two-bedroom at $1,143 takes 38% of the needs share.
How much is the electric bill in Henry County, IL?
Homes in Illinois paid 19.9¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $179. Your bill depends mostly on heating and cooling.