Cost of Living in Machesney Park, IL
Population 22,744 · Illinois · Data vintage 2023
(100 = US avg)
Buyers in Machesney Park can reasonably expect a home to cost less than three years of household income — $163,000 against $74,244 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. At 6.3%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 8 miles north of Rockford, Machesney Park falls within that metro's commuting orbit. Median home values run roughly 34% higher than Rockford's $121,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Machesney Park
The median home value in Machesney Park is $162,500 — 47% below the national median of $305,000. Median rent runs $1,109/month, 16% lower than the national median of $1,314/month. The median household income of $74,244/year is equal to than the US median of $74,580. The local unemployment rate is 6.3%, above the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Machesney Park has a cost of living index of 66 versus the US average of 100, meaning it is 34% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Machesney Park, IL?
Machesney Park has a cost index of 66 (100 = national average). It is 34% below the national average.
What is average rent in Machesney Park, IL?
The median gross rent in Machesney Park is $1,109 per month based on 2023 Census data.
What is the average home price in Machesney Park?
The median home value in Machesney Park is $162,500 according to Zillow and Census data.
What is the median income in Machesney Park?
The median household income in Machesney Park is $74,244 per year (2023 ACS 5-year estimates).
What is the sales tax in Machesney Park, IL?
The combined state and local sales tax rate in Machesney Park is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Machesney Park, IL affordable?
Yes, Machesney Park is generally considered affordable, with a cost of living index of 66 — about 34% below the US national average of 100.
Machesney Park at a Glance
- Population
- 22,744
- Median Income
- $74,244
- Home Value
- $162,500
- Median Rent
- $1,109/mo
- Unemployment
- 6.3%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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