Rising home prices are outpacing wage growth in McHenry County and six other Illinois counties, according to an analysis of 432 counties nationwide by ATTOM Data Solutions in the second quarter.
Wages rose 1.2 percent in McHenry County since last year. During the same period, median home prices in the county rose 2.9 percent.
Eight other Illinois counties saw wages outpace median home prices.
Home prices and wages in Illinois counties
County | Q2 2018 Median Sales Price | YoY Median Home Price Growth | Annualized Weekly Wages | YoY Annualized Wage Growth | Prices Outpacing Annualized Wages? |
Tazewell | $124,900 | 0.1% | $52,000 | -11.0% | YES |
Kendall | $215,000 | 2.7% | $39,728 | 2.3% | YES |
Peoria | $124,000 | 12.7% | $53,261 | 4.3% | YES |
Mchenry | $210,000 | 2.9% | $44,512 | 1.2% | YES |
De Kalb | $162,500 | 2.8% | $41,808 | 2.8% | YES |
Rock Island | $104,000 | 13.0% | $56,888 | 5.6% | YES |
Will | $214,000 | 3.8% | $46,956 | 0.7% | YES |
Saint Clair | $125,000 | 0.0% | $42,523 | 2.9% | NO |
Madison | $116,500 | 1.3% | $42,263 | 1.4% | NO |
Kane | $220,000 | -0.5% | $48,607 | 2.9% | NO |
Winnebago | $103,000 | -1.6% | $46,241 | 4.6% | NO |
Du Page | $273,000 | 0.2% | $62,712 | 2.9% | NO |
Lake | $248,000 | -1.4% | $73,112 | 3.2% | NO |
Cook | $235,000 | 1.5% | $64,792 | 3.1% | NO |
Champaign | $143,250 | -2.6% | $46,709 | 1.0% | NO |