Arcola, IL
Population 2,867 · Illinois
About Arcola, IL
Arcola is a small community in Illinois with a population of 2,867 residents. The median household income is $85,697 per year, which is above the national average. The median age in Arcola is 35.8 years.
Housing in Arcola has a median home value of $122,800 and median monthly rent of $819. Of the 1,027 total housing units, the majority are owner-occupied, with 711 owner-occupied and 233 renter-occupied units.
The unemployment rate in Arcola is 6.3% and the poverty rate is 10.6%. 18.8% of residents hold a bachelor's degree or higher. The average commute time is 13.8 minutes.
Cost of Living in Arcola, IL
Compared to national averages, Arcola has a median household income of $85,697 (14% above the national median of $75,149). Home values average $122,800, which is 50% below the national median. Monthly rent at $819 is 30% below the US average of $1,163. Within Illinois, Arcola's income is 14% above the state average of $75,072, and home values are 26% below the state median of $165,779.
Why Live in Arcola, IL?
Arcola offers a strong local economy with a median household income of $85,697, well above the national average, and affordable housing with a median home value of $122,800, below the US average of $244,900, and rent that’s lower than the national average at $819/month. Additionally, the city features a low poverty rate of 10.6%, better than the national average, and short commute times averaging just 13.8 minutes.
Arcola has a population of 2,867 with a median age of 35.8 years. Compare Arcola with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Arcola
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| El Paso | 2,871 | $70,063 | $149,200 | Compare |
| Newton | 2,852 | $58,564 | $98,900 | Compare |
| Savanna | 2,851 | $46,094 | $75,000 | Compare |
| Winnebago | 2,896 | $82,813 | $180,300 | Compare |
| Galena | 2,899 | $55,765 | $199,700 | Compare |
| Diamond | 2,900 | $60,000 | $211,500 | Compare |
| Heyworth | 2,818 | $90,556 | $196,200 | Compare |
| Madison | 2,788 | $44,181 | $51,200 | 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.
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Frequently Asked Questions about Arcola
What is the population of Arcola, IL?
The population of Arcola, IL is 2,867 according to the latest Census data.
What is the median household income in Arcola?
The median household income in Arcola, IL is $85,697 per year.
What is the median home value in Arcola?
The median home value in Arcola, IL is $122,800.
What is the average rent in Arcola?
The median monthly rent in Arcola, IL is $819.
What is the unemployment rate in Arcola?
The unemployment rate in Arcola, IL is 6.3%.