Key Economic Benchmarks
Median Household Income
$73,993$6,166 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Jo Daviess County, IL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Jo Daviess County, IL
Official FY2026 HUD Fair Market Rents for Jo Daviess 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 | $658 | $7,896 | $26,320 | 10.7% |
| 1-Bedroom Apartment | $796 | $9,552 | $31,840 | 12.9% |
| 2-Bedroom ApartmentBenchmark | $954 | $11,448 | $38,160 | 15.5% |
| 3-Bedroom Home | $1,271 | $15,252 | $50,840 | 20.6% |
| 4-Bedroom Home | $1,276 | $15,312 | $51,040 | 20.7% |
50/30/20 Living Budget in Jo Daviess County, IL
Based on the local median household income of $73,993/year ($6,166/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 Jo Daviess County, IL
What is the median household income in Jo Daviess County, IL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Jo Daviess County, IL is $73,993 per year (approximately $6,166 per month).
What is the average rent in Jo Daviess County, IL?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Jo Daviess County, IL are $658 for a studio, $796 for 1 bedroom, $954 for 2 bedrooms, $1,271 for 3 bedrooms, and $1,276 for 4 bedrooms.
How does the cost of living in Jo Daviess County, IL compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Jo Daviess 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 Jo Daviess County, IL?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($954/month) in Jo Daviess County, IL requires a minimum gross household income of $38,160 per year ($3,180 per month).
What is a balanced 50/30/20 monthly budget in Jo Daviess County, IL?
For a typical household earning the median income of $73,993/year ($6,166/month) in Jo Daviess County, IL, a balanced 50/30/20 budget allocates $3,083/month to essential needs (rent, utilities, groceries), $1,850/month to discretionary spending, and $1,233/month to savings and debt repayment.
What are typical electricity and utility costs in Jo Daviess 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.