Wayne County, IL

Comprehensive housing, income, and cost of living data for Wayne County, Illinois. Population: 16.1K.

Median Home Price
$144.3K

Based on 5 cities

Median Household Income
$53.1K

Annual household income

Price-to-Income Ratio
2.7x

Highly affordable

Salary Needed to Buy
$39.8K

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

Housing & Finance

Annual Property Tax
$1,670

Average annual amount

Effective Tax Rate
1.16%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$730
Property Tax$139
Insurance$60.14
Total Monthly$929
Historical Home Prices
2015
$125.9K
2016
$128.2K
+1.9%%
2017
$130.8K
+2.0%%
2018
$130.2K
-0.4%%
2019
$126.5K
-2.9%%
2020
$134.6K
+6.5%%
2021
$123.4K
-8.3%%
2022
$126.2K
+2.2%%
2023
$130.6K
+3.6%%
2024
$128.4K
-1.7%%
2025
$133.2K
+3.7%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
5.2%%

Near national average

Population Density
23

People per square mile

Homicide Rate
13.6

Medium (per 100K residents)

Political Lean (2020)
Competitive

R+1

Racial Demographics

White
95.7%
Black
0.2%
Hispanic
1.6%
Asian
0.5%
Two or More Races
1.9%

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

Climate & Environment

Average Temperature
56°F

Annual average

Sunny Days
190

Days per year

Annual Rainfall
46.4"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 41/100

Frequently Asked Questions

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

The median home price in Wayne County, Illinois is $144.3K. The price-to-income ratio is 2.7x, meaning the median home costs 2.7 times the median household income.

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

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $39.8K per year to buy the median home in Wayne County, IL. Monthly housing costs break down to $730 for mortgage, $139 for property tax, and $60.14 for insurance.

What is the property tax rate in Wayne County?

The effective property tax rate in Wayne County is 1.16%, which comes to approximately $1,670 per year on the median home.

What is the median household income in Wayne County?

The median household income in Wayne County, Illinois is $53.1K per year, based on Census Bureau American Community Survey data. The unemployment rate is 5.2%%.

Is Wayne County a good place to live?

Wayne County, Illinois has a population of 16.1K. Housing affordability is strong with a price-to-income ratio of 2.7x. The climate averages 56 degrees F with 190 sunny days per year. Compare Wayne County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.