Menard County, IL

Comprehensive housing, income, and cost of living data for Menard County, Illinois. Population: 12.3K.

Median Home Price
$150.8K

Based on 5 cities

Median Household Income
$81.3K

Annual household income

Price-to-Income Ratio
1.9x

Highly affordable

Salary Needed to Buy
$45.9K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$2,936

Average annual amount

Effective Tax Rate
1.95%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$763
Property Tax$245
Insurance$62.85
Total Monthly$1,070
Historical Home Prices
2015
$146.6K
2016
$146.2K
-0.2%%
2017
$144.5K
-1.1%%
2018
$143.1K
-1.0%%
2019
$155.2K
+8.5%%
2020
$163.5K
+5.4%%
2021
$167.8K
+2.6%%
2022
$171.3K
+2.1%%
2023
$177.2K
+3.4%%
2024
$181.1K
+2.2%%
2025
$194.2K
+7.2%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
5.2%%

Near national average

Population Density
39

People per square mile

Political Lean (2020)
Competitive

R+1

Racial Demographics

White
95.1%
Black
0.5%
Hispanic
1.5%
Asian
0.4%
Two or More Races
2.5%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
53°F

Annual average

Sunny Days
158

Days per year

Annual Rainfall
38.2"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 29/100

Frequently Asked Questions

What is the median home price in Menard County, IL?

The median home price in Menard County, Illinois is $150.8K. The price-to-income ratio is 1.9x, meaning the median home costs 1.9 times the median household income.

What salary do you need to buy a home in Menard County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $45.9K per year to buy the median home in Menard County, IL. Monthly housing costs break down to $763 for mortgage, $245 for property tax, and $62.85 for insurance.

What is the property tax rate in Menard County?

The effective property tax rate in Menard County is 1.95%, which comes to approximately $2,936 per year on the median home.

What is the median household income in Menard County?

The median household income in Menard County, Illinois is $81.3K per year, based on Census Bureau American Community Survey data. The unemployment rate is 5.2%%.

Is Menard County a good place to live?

Menard County, Illinois has a population of 12.3K. Housing affordability is strong with a price-to-income ratio of 1.9x. The climate averages 53 degrees F with 158 sunny days per year. Compare Menard County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.