McHenry County, Illinois
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How McHenry County Compares
Detailed Income Statistics
Income Advisory: McHenry County
Income Verdict
McHenry County has a median household income of $102,836 and per capita income of $48,275 — a gap of $54,561, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $1,358/month and a median household income of $102,836, rent consumes approximately 15.8% of monthly income — well within affordable thresholds.
Economic Context
The median household income of $102,836 places McHenry County in a high-earning tier, supporting strong purchasing power and above-average consumer spending. Per capita income of $48,275 reflects a relatively affluent population with substantial individual earning capacity.
Neighbor Context
McHenry County earns approximately 50% above the Illinois state median household income of $68,580, positioning it favorably within the state.
Data Story
About Household Income in McHenry County, Illinois
McHenry leads region with premium incomes
McHenry County's median household income of $102,836 exceeds the national median of $74,755 by $28,081, placing it in the top 15% of U.S. counties. McHenry families earn roughly 37% more than typical American households, reflecting a highly skilled workforce and affluent suburban economy.
McHenry dominates Illinois income rankings
At $102,836, McHenry County earns $34,256 more than Illinois's statewide median of $68,580, ranking it among the state's top 5 highest-income counties. This commanding lead reflects strong ties to Chicago-area professional services, technology, and corporate headquarters.
McHenry vastly outearns all peer counties
McHenry County ($102,836) outearns McLean ($78,329) by $24,507, Madison ($74,800) by $28,036, and all other featured peers by even larger margins. Its per capita income of $48,275—the highest among all counties examined—signals an economy dominated by high-earning professionals.
High incomes absorb premium home costs
McHenry's rent-to-income ratio of 15.8% remains healthy despite median home values reaching $286,900—the highest among featured counties. High household incomes make expensive properties manageable, though mortgage qualification requires strong credit and significant down payment reserves.
Leverage McHenry wealth for long-term gains
McHenry households earning $102,836 have substantial capacity to build wealth through diversified investments; directing even 10% of income into a 401(k), taxable brokerage, or real estate sidelines annual savings of $10,283. Engaging a fee-only financial advisor to optimize tax-advantaged strategies can accelerate multi-million-dollar wealth accumulation over career spans.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the McHenry County median
County median: $102,836 per year
vs. County Median
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($8,570) vs. median rent ($1,358/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.