Hanover, IL vs Henry, IL

Hanover, IL and Henry, IL have a very similar cost of living, with only a 4% difference in their overall index. Hanover scores 63 while Henry scores 61 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Hanover is $751/month compared to $674/month in Henry — a 11% difference. Interestingly, home values tell a different story: while Henry has cheaper rent, Hanover actually has lower median home values ($86,200 vs $115,900).

Median household income in Hanover is $39,583 compared to $63,894 in Henry (-38%). Henry offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hanover spend roughly 22.8% of their income on rent, more than the 12.7% in Henry.

Climate-wise, Henry is notably warmer with an average of 52.7°F compared to 47.2°F in Hanover. Hanover receives more rainfall at 38.2" per year compared to 37.6" in Henry.