salaryRent is lower than in 64% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (79.6%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $55,800 a year. That is $27 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
Yes. Rent here is cheaper than in most of Illinois. It is number 141 of 334 cities from cheapest to most expensive.
How much do households earn in Machesney Park?
Share of households by yearly income. 27.2% of households earn $100,000 or more.
Rent by apartment size in Machesney Park
| Size | Machesney Park | U.S. average |
|---|---|---|
| 1 bedroom | $1,007 | $1,324 |
| 2 bedrooms | $1,121 | $1,509 |
| 3 bedrooms | $1,320 | $1,698 |
| 4 bedrooms | $1,292 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Machesney Park overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Machesney Park, so the Illinois figure is shown.
Taxes and bills in Machesney Park
Life in Machesney Park
Is it cheaper to rent or buy in Machesney Park?
Buying is cheaper month to month: about $190 a month less than renting.
Owning assumes a typical $173,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,370 for the down payment.
Frequently asked questions
What is the average rent in Machesney Park, IL?
Renting in Machesney Park costs a median of about $1,395 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Machesney Park?
To keep rent under 30% of income, you need about $55,800 a year, or $27 an hour at a full-time job.
Is Machesney Park cheap or expensive?
Machesney Park is rated OK: rent takes 20.6% of the typical household income of $81,415. It ranks 141st cheapest of 334 Illinois cities we track.
How much are property taxes in Machesney Park?
The median homeowner in Machesney Park pays $3,801 a year in property taxes, about 2.19% of the median home value.
Is Machesney Park more expensive than the national average?
Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Machesney Park?
The median home value in Machesney Park is $173,700, about 2.1 times the typical yearly household income.
22,630 people live in Machesney Park. Numbers are typical (middle) values.