Cost of Living in Henry, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
89.5
100 = national avg
-10.5 vs national average
Living Wage (1 Adult)
$39,374
per year
Living Wage (Family of 4)
$93,067
per year
Cost Index by Category
Housing74.4
Food98.8
Transportation97.7
Healthcare99.1
Utilities94.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$818
per month
2 Bedroom
$1,039
per month
The overall cost of living index in Henry is 89.5, which is 10.5% below the national average. Housing costs are below the national average at an index of 74.4. A single adult needs to earn approximately $39,374 per year to cover basic expenses.