Altamont, IL
Population 2,500 · Illinois
About Altamont, IL
Altamont is a small town located in Illinois with a population of 2,500 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,198 per year, which is 1% above the national median of $75,149. The median age of 38 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Altamont features a median home value of $132,200, which is 46% below the national median of $244,900. This makes Altamont one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $898, 23% below the national average of $1,163/month. Of the 1,040 total housing units, 78% are owner-occupied (775 units) and 22% are renter-occupied (219 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Altamont shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.2%, above the national average of 12.4%. Workers in Altamont have an average one-way commute time of 25.3 minutes.
Education & Demographics
18.6% of Altamont 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 0.0% White, 0.4% Hispanic or Latino, 0.6% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
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.
Compare Altamont With Other Cities
Frequently Asked Questions about Altamont
What is the population of Altamont, IL?
The population of Altamont, IL is 2,500 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 Altamont?
The median household income in Altamont, IL is $76,198 per year, which is 1% above the national median of $75,149.
What is the median home value in Altamont?
The median home value in Altamont, IL is $132,200, which is 46% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Altamont?
The median monthly rent in Altamont, IL is $898, which is 23% below the national average of $1,163/month.
What is the unemployment rate in Altamont?
The unemployment rate in Altamont, IL is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Altamont, IL a good place to live?
Altamont offers above-average incomes, affordable housing, and a strong job market. With a population of 2,500 and a median age of 38, the city appeals to a broad range of residents.
How educated is Altamont, IL?
18.6% of residents in Altamont 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 Altamont?
Key cost-of-living indicators for Altamont, IL: median home value is $132,200 (46% below national), median rent is $898/month, and median household income is $76,198. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Altamont?
The poverty rate in Altamont, IL is 14.2%, 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 Altamont, IL?
Altamont's population is 0.0% White, 0.4% Hispanic or Latino, 0.6% Black or African American, 0.0% Asian, and 1.0% two or more races. 0.0% of residents are foreign-born.