Annawan, IL
Population 955 · Illinois
About Annawan, IL
Annawan is a small community located in Illinois with a population of 955 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,250 per year, which is 5% below the national median of $75,149. The median age of 39.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Annawan features a median home value of $138,200, which is 44% below the national median of $244,900. This makes Annawan one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $550, 53% below the national average of $1,163/month. Of the 426 total housing units, 79% are owner-occupied (318 units) and 21% are renter-occupied (85 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Annawan shows an unemployment rate of 5.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Annawan have an average one-way commute time of 23.4 minutes.
Education & Demographics
29.9% of Annawan residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.3% White, 0.7% Hispanic or Latino, 1.2% Black or African American, and 0.3% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in Annawan, IL
Compared to national averages, Annawan has a median household income of $71,250 (5% below the national median of $75,149). Home values average $138,200, which is 44% below the national median. Monthly rent at $550 is 53% below the US average of $1,163. Within Illinois, Annawan's income is 5% below the state average of $75,072, and home values are 17% below the state median of $165,779.
Why Live in Annawan, IL?
Annawan offers affordable housing with a median home value of $138,200, below the US average of $244,900, and rent that’s lower than the national average at $550/month, and a low poverty rate of 6.2%, better than the national average. Additionally, the city features short commute times averaging just 23.4 minutes.
Potential considerations include median household income ($71,250) that falls below the national average. However, Annawan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Annawan has a population of 955 with a median age of 39.9 years. Compare Annawan with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Annawan
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Colfax | 955 | $71,528 | $123,000 | Compare |
| Essex | 956 | $101,094 | $219,000 | Compare |
| Orangeville | 957 | $70,833 | $135,600 | Compare |
| Danvers | 951 | $66,964 | $156,500 | Compare |
| Cissna Park | 960 | $50,625 | $117,900 | Compare |
| South Pekin | 949 | $64,750 | $106,000 | Compare |
| Harrison | 948 | $75,417 | $128,600 | Compare |
| Oakland | 948 | $49,571 | $97,200 | 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 Annawan With Other Cities
Frequently Asked Questions about Annawan
What is the population of Annawan, IL?
The population of Annawan, IL is 955 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 Annawan?
The median household income in Annawan, IL is $71,250 per year, which is 5% below the national median of $75,149.
What is the median home value in Annawan?
The median home value in Annawan, IL is $138,200, which is 44% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Annawan?
The median monthly rent in Annawan, IL is $550, which is 53% below the national average of $1,163/month.
What is the unemployment rate in Annawan?
The unemployment rate in Annawan, IL is 5.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Annawan, IL a good place to live?
Annawan offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 955 and a median age of 39.9, the city appeals to a broad range of residents.
How educated is Annawan, IL?
29.9% of residents in Annawan 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 Annawan?
Key cost-of-living indicators for Annawan, IL: median home value is $138,200 (44% below national), median rent is $550/month, and median household income is $71,250. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Annawan?
The poverty rate in Annawan, IL is 6.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Annawan, IL?
Annawan's population is 0.3% White, 0.7% Hispanic or Latino, 1.2% Black or African American, 0.3% Asian, and 1.3% two or more races. 1.7% of residents are foreign-born.