Andover, IL
Population 425 · Illinois
About Andover, IL
Andover is a small community located in Illinois with a population of 425 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,281 per year, which is 9% below the national median of $75,149. The median age of 45.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Andover features a median home value of $139,600, which is 43% below the national median of $244,900. This makes Andover one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $906, 22% below the national average of $1,163/month. Of the 185 total housing units, 80% are owner-occupied (148 units) and 20% are renter-occupied (37 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Andover shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 4.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Andover have an average one-way commute time of 28.2 minutes.
Education & Demographics
20.3% of Andover 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 2.8% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Andover, IL
Compared to national averages, Andover has a median household income of $68,281 (9% below the national median of $75,149). Home values average $139,600, which is 43% below the national median. Monthly rent at $906 is 22% below the US average of $1,163. Within Illinois, Andover's income is 9% below the state average of $75,072, and home values are 16% below the state median of $165,779.
Why Live in Andover, IL?
Andover offers affordable housing with a median home value of $139,600, below the US average of $244,900, and rent that’s lower than the national average at $906/month, and a low poverty rate of 4.7%, better than the national average.
Potential considerations include median household income ($68,281) that falls below the national average. However, Andover’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Andover has a population of 425 with a median age of 45.3 years. Compare Andover with other cities to see how it stacks up, or explore all cities in Illinois.
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Demographics
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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 Andover
What is the population of Andover, IL?
The population of Andover, IL is 425 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 Andover?
The median household income in Andover, IL is $68,281 per year, which is 9% below the national median of $75,149.
What is the median home value in Andover?
The median home value in Andover, IL is $139,600, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Andover?
The median monthly rent in Andover, IL is $906, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Andover?
The unemployment rate in Andover, IL is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Andover, IL a good place to live?
Andover offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 425 and a median age of 45.3, the city appeals to established professionals and retirees.
How educated is Andover, IL?
20.3% of residents in Andover 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 Andover?
Key cost-of-living indicators for Andover, IL: median home value is $139,600 (43% below national), median rent is $906/month, and median household income is $68,281. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Andover?
The poverty rate in Andover, IL is 4.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Andover, IL?
Andover's population is 2.8% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.2% of residents are foreign-born.