salaryRent is lower than in 63% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 30.1 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $56,480 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 146 of 334 cities from cheapest to most expensive.
How much do households earn in Marengo?
Share of households by yearly income. 29.2% of households earn $100,000 or more.
Rent by apartment size in Marengo
| Size | Marengo | U.S. average |
|---|---|---|
| 1 bedroom | $688 | $1,324 |
| 2 bedrooms | $1,403 | $1,509 |
| 3 bedrooms | $1,628 | $1,698 |
| 4 bedrooms | $2,469 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Marengo 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 Marengo, so the Illinois figure is shown.
Taxes and bills in Marengo
Life in Marengo
Is it cheaper to rent or buy in Marengo?
Renting is cheaper right now: about $183 a month less.
Owning assumes a typical $229,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,990 for the down payment.
Frequently asked questions
What is the average rent in Marengo, IL?
Renting in Marengo costs a median of about $1,412 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Marengo?
To keep rent under 30% of income, you need about $56,480 a year, or $27 an hour at a full-time job.
Is Marengo cheap or expensive?
Marengo is rated OK: rent takes 21.4% of the typical household income of $79,295. It ranks 146th cheapest of 334 Illinois cities we track.
How much are property taxes in Marengo?
The median homeowner in Marengo pays $5,234 a year in property taxes, about 2.28% of the median home value.
Is Marengo 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 Marengo?
The median home value in Marengo is $229,900, about 2.9 times the typical yearly household income.
7,040 people live in Marengo. Numbers are typical (middle) values.