Anchor, IL
Population 243 · Illinois
About Anchor, IL
Anchor is a small community located in Illinois with a population of 243 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,536 per year, which is 6% below the national median of $75,149. The median age of 32.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Anchor features a median home value of $93,700, which is 62% below the national median of $244,900. This makes Anchor one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 92 total housing units, 94% are owner-occupied (75 units) and 6% are renter-occupied (5 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Anchor shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.4%, above the national average of 12.4%. Workers in Anchor have an average one-way commute time of 23.5 minutes.
Education & Demographics
6.2% of Anchor 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, 1.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Anchor, IL
Compared to national averages, Anchor has a median household income of $70,536 (6% below the national median of $75,149). Home values average $93,700, which is 62% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Anchor's income is 6% below the state average of $75,072, and home values are 43% below the state median of $165,779.
Why Live in Anchor, IL?
Anchor offers affordable housing with a median home value of $93,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 23.5 minutes.
Potential considerations include median household income ($70,536) that falls below the national average. However, Anchor’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Anchor has a population of 243 with a median age of 32.6 years. Compare Anchor with other cities to see how it stacks up, or explore all cities in Illinois.
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Cities in Illinois with a similar population size.
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Economy & Education
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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 Anchor
What is the population of Anchor, IL?
The population of Anchor, IL is 243 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Anchor?
The median household income in Anchor, IL is $70,536 per year, which is 6% below the national median of $75,149.
What is the median home value in Anchor?
The median home value in Anchor, IL is $93,700, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Anchor?
The median monthly rent in Anchor, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Anchor?
The unemployment rate in Anchor, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Anchor, IL a good place to live?
Anchor offers a moderate cost of living, affordable housing, and a strong job market. With a population of 243 and a median age of 32.6, the city appeals to young professionals and families.
How educated is Anchor, IL?
6.2% of residents in Anchor 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 Anchor?
Key cost-of-living indicators for Anchor, IL: median home value is $93,700 (62% below national), median rent is $0/month, and median household income is $70,536. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Anchor?
The poverty rate in Anchor, IL is 12.4%, 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 Anchor, IL?
Anchor's population is 0.0% White, 1.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.