Key Economic Benchmarks
Median Household Income
$66,255$5,521 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Iroquois County, IL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Iroquois County, IL
Official FY2026 HUD Fair Market Rents for Iroquois County, IL. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $694 | $8,328 | $27,760 | 12.6% |
| 1-Bedroom Apartment | $698 | $8,376 | $27,920 | 12.6% |
| 2-Bedroom ApartmentBenchmark | $916 | $10,992 | $36,640 | 16.6% |
| 3-Bedroom Home | $1,136 | $13,632 | $45,440 | 20.6% |
| 4-Bedroom Home | $1,492 | $17,904 | $59,680 | 27% |
50/30/20 Living Budget in Iroquois County, IL
Based on the local median household income of $66,255/year ($5,521/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Illinois
Explore net income after federal income tax, FICA, and Illinois state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Illinois with official federal datasets:
Frequently Asked Questions About Living in Iroquois County, IL
What is the median household income in Iroquois County, IL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Iroquois County, IL is $66,255 per year (approximately $5,521 per month).
What is the average rent in Iroquois County, IL?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Iroquois County, IL are $694 for a studio, $698 for 1 bedroom, $916 for 2 bedrooms, $1,136 for 3 bedrooms, and $1,492 for 4 bedrooms.
How does the cost of living in Iroquois County, IL compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Iroquois County, IL is 100.0 (0% higher than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Iroquois County, IL?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($916/month) in Iroquois County, IL requires a minimum gross household income of $36,640 per year ($3,053 per month).
What is a balanced 50/30/20 monthly budget in Iroquois County, IL?
For a typical household earning the median income of $66,255/year ($5,521/month) in Iroquois County, IL, a balanced 50/30/20 budget allocates $2,761/month to essential needs (rent, utilities, groceries), $1,656/month to discretionary spending, and $1,104/month to savings and debt repayment.
What are typical electricity and utility costs in Iroquois County, IL?
Residential electricity rates in Illinois average 19.9¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $179 per month.