Aledo, IL
Population 3,753 · Illinois
About Aledo, IL
Aledo is a small town located in Illinois with a population of 3,753 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,829 per year, which is 16% below the national median of $75,149. The median age of 40.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Aledo features a median home value of $140,000, which is 43% below the national median of $244,900. This makes Aledo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $770, 34% below the national average of $1,163/month. Of the 1,690 total housing units, 66% are owner-occupied (1,022 units) and 34% are renter-occupied (537 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Aledo shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Aledo have an average one-way commute time of 20.8 minutes.
Education & Demographics
23.0% of Aledo 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 2.3% White, 0.1% Hispanic or Latino, 0.4% Black or African American, and 1.4% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Aledo, IL
Compared to national averages, Aledo has a median household income of $62,829 (16% below the national median of $75,149). Home values average $140,000, which is 43% below the national median. Monthly rent at $770 is 34% below the US average of $1,163. Within Illinois, Aledo's income is 16% below the state average of $75,072, and home values are 16% below the state median of $165,779.
Why Live in Aledo, IL?
Aledo offers affordable housing with a median home value of $140,000, below the US average of $244,900, and rent that’s lower than the national average at $770/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features a low poverty rate of 10.2%, better than the national average, and short commute times averaging just 20.8 minutes.
Potential considerations include median household income ($62,829) that falls below the national average. However, Aledo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Aledo has a population of 3,753 with a median age of 40.7 years. Compare Aledo with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Aledo
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eldorado | 3,762 | $39,766 | $68,600 | Compare |
| Byron | 3,742 | $78,235 | $182,600 | Compare |
| Morrison | 3,781 | $67,580 | $117,300 | Compare |
| Oglesby | 3,723 | $71,618 | $130,900 | Compare |
| Rochester | 3,784 | $112,689 | $241,900 | Compare |
| Red Bud | 3,789 | $68,051 | $170,300 | Compare |
| Dwight | 3,794 | $67,712 | $143,200 | Compare |
| Deer Park | 3,711 | $160,750 | $636,200 | 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 Aledo With Other Cities
Frequently Asked Questions about Aledo
What is the population of Aledo, IL?
The population of Aledo, IL is 3,753 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 Aledo?
The median household income in Aledo, IL is $62,829 per year, which is 16% below the national median of $75,149.
What is the median home value in Aledo?
The median home value in Aledo, IL is $140,000, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Aledo?
The median monthly rent in Aledo, IL is $770, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Aledo?
The unemployment rate in Aledo, IL is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Aledo, IL a good place to live?
Aledo offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,753 and a median age of 40.7, the city appeals to a broad range of residents.
How educated is Aledo, IL?
23.0% of residents in Aledo 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 Aledo?
Key cost-of-living indicators for Aledo, IL: median home value is $140,000 (43% below national), median rent is $770/month, and median household income is $62,829. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Aledo?
The poverty rate in Aledo, IL is 10.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Aledo, IL?
Aledo's population is 2.3% White, 0.1% Hispanic or Latino, 0.4% Black or African American, 1.4% Asian, and 2.0% two or more races. 0.8% of residents are foreign-born.