Henry, IL
Population 2,478 · Illinois
About Henry, IL
Henry is a small town located in Illinois with a population of 2,478 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,894 per year, which is 15% below the national median of $75,149. The median age of 40.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Henry features a median home value of $115,900, which is 53% below the national median of $244,900. This makes Henry one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $674, 42% below the national average of $1,163/month. Of the 1,067 total housing units, 71% are owner-occupied (696 units) and 29% are renter-occupied (279 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Henry shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 14.9%, above the national average of 12.4%. Workers in Henry have an average one-way commute time of 26.4 minutes.
Education & Demographics
20.8% of Henry residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.4% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Henry, IL
Compared to national averages, Henry has a median household income of $63,894 (15% below the national median of $75,149). Home values average $115,900, which is 53% below the national median. Monthly rent at $674 is 42% below the US average of $1,163. Within Illinois, Henry's income is 15% below the state average of $75,072, and home values are 30% below the state median of $165,779.
Why Live in Henry, IL?
Henry offers affordable housing with a median home value of $115,900, below the US average of $244,900, and rent that’s lower than the national average at $674/month.
Potential considerations include median household income ($63,894) that falls below the national average. However, Henry’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Henry has a population of 2,478 with a median age of 40.4 years. Compare Henry with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Henry
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Polo | 2,495 | $52,976 | $108,500 | Compare |
| Altamont | 2,500 | $76,198 | $132,200 | Compare |
| Oakwood Hills | 2,454 | $113,125 | $273,200 | Compare |
| Aviston | 2,451 | $111,354 | $217,000 | Compare |
| Carthage | 2,508 | $75,179 | $115,600 | Compare |
| Willowbrook | 2,432 | $87,188 | $275,700 | Compare |
| Seneca | 2,525 | $91,065 | $206,400 | Compare |
| Carrollton | 2,528 | $64,464 | $114,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Henry With Other Cities
Frequently Asked Questions about Henry
What is the population of Henry, IL?
The population of Henry, IL is 2,478 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Henry?
The median household income in Henry, IL is $63,894 per year, which is 15% below the national median of $75,149.
What is the median home value in Henry?
The median home value in Henry, IL is $115,900, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Henry?
The median monthly rent in Henry, IL is $674, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Henry?
The unemployment rate in Henry, IL is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Henry, IL a good place to live?
Henry offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,478 and a median age of 40.4, the city appeals to a broad range of residents.
How educated is Henry, IL?
20.8% of residents in Henry aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Henry?
Key cost-of-living indicators for Henry, IL: median home value is $115,900 (53% below national), median rent is $674/month, and median household income is $63,894. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Henry?
The poverty rate in Henry, IL is 14.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Henry, IL?
Henry's population is 0.4% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.3% two or more races. 0.0% of residents are foreign-born.