Altamont, IL
Population 2,500 · Illinois
About Altamont, IL
Altamont is a small community in Illinois with a population of 2,500 residents. The median household income is $76,198 per year, which is above the national average. The median age in Altamont is 38 years.
Housing in Altamont has a median home value of $132,200 and median monthly rent of $898. Of the 1,040 total housing units, the majority are owner-occupied, with 775 owner-occupied and 219 renter-occupied units.
The unemployment rate in Altamont is 1.0% and the poverty rate is 14.2%. 18.6% of residents hold a bachelor's degree or higher. The average commute time is 25.3 minutes.
How Altamont Ranks in Illinois
Cost of Living in Altamont, IL
Compared to national averages, Altamont has a median household income of $76,198 (1% above the national median of $75,149). Home values average $132,200, which is 46% below the national median. Monthly rent at $898 is 23% below the US average of $1,163. Within Illinois, Altamont's income is 1% above the state average of $75,072, and home values are 20% below the state median of $165,779.
Why Live in Altamont, IL?
Altamont offers a strong local economy with a median household income of $76,198, well above the national average, and affordable housing with a median home value of $132,200, below the US average of $244,900, and rent that’s lower than the national average at $898/month. Additionally, the city features a strong job market with an unemployment rate of just 1.0%.
Altamont has a population of 2,500 with a median age of 38 years. Compare Altamont with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Altamont
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Polo | 2,495 | $52,976 | $108,500 | Compare |
| Carthage | 2,508 | $75,179 | $115,600 | Compare |
| Henry | 2,478 | $63,894 | $115,900 | Compare |
| Seneca | 2,525 | $91,065 | $206,400 | Compare |
| Carrollton | 2,528 | $64,464 | $114,100 | Compare |
| Richmond | 2,530 | $70,379 | $225,800 | Compare |
| Brighton | 2,536 | $74,327 | $123,000 | Compare |
| Tilton | 2,537 | $53,246 | $71,700 | 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.
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Frequently Asked Questions about Altamont
What is the population of Altamont, IL?
The population of Altamont, IL is 2,500 according to the latest Census data.
What is the median household income in Altamont?
The median household income in Altamont, IL is $76,198 per year.
What is the median home value in Altamont?
The median home value in Altamont, IL is $132,200.
What is the average rent in Altamont?
The median monthly rent in Altamont, IL is $898.
What is the unemployment rate in Altamont?
The unemployment rate in Altamont, IL is 1.0%.