Atwood, IL
Population 976 · Illinois
About Atwood, IL
Atwood is a small community located in Illinois with a population of 976 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,875 per year, which is 22% below the national median of $75,149. The median age of 38.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Atwood features a median home value of $119,500, which is 51% below the national median of $244,900. This makes Atwood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $743, 36% below the national average of $1,163/month. Of the 501 total housing units, 84% are owner-occupied (366 units) and 16% are renter-occupied (71 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Atwood shows an unemployment rate of 0.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Atwood have an average one-way commute time of 22.9 minutes.
Education & Demographics
16.1% of Atwood 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.6% of the population being foreign-born.
How Atwood Ranks in Illinois
Cost of Living in Atwood, IL
Compared to national averages, Atwood has a median household income of $58,875 (22% below the national median of $75,149). Home values average $119,500, which is 51% below the national median. Monthly rent at $743 is 36% below the US average of $1,163. Within Illinois, Atwood's income is 22% below the state average of $75,072, and home values are 28% below the state median of $165,779.
Why Live in Atwood, IL?
Atwood offers affordable housing with a median home value of $119,500, below the US average of $244,900, and rent that’s lower than the national average at $743/month, and a strong job market with an unemployment rate of just 0.5%. Additionally, the city features a low poverty rate of 7.4%, better than the national average, and short commute times averaging just 22.9 minutes.
Potential considerations include median household income ($58,875) that falls below the national average. However, Atwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Atwood has a population of 976 with a median age of 38.6 years. Compare Atwood with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Atwood
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cuba | 979 | $41,250 | $61,900 | Compare |
| Galatia | 970 | $49,938 | $78,600 | Compare |
| Windsor | 982 | $55,455 | $97,200 | Compare |
| Wyanet | 970 | $59,375 | $96,800 | Compare |
| Worden | 983 | $79,732 | $136,200 | Compare |
| Lockport Heights | 984 | $107,875 | $187,200 | Compare |
| Pleasant Hill | 985 | $55,208 | $76,300 | Compare |
| Goodfield | 986 | $110,417 | $254,100 | 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 Atwood With Other Cities
Frequently Asked Questions about Atwood
What is the population of Atwood, IL?
The population of Atwood, IL is 976 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 Atwood?
The median household income in Atwood, IL is $58,875 per year, which is 22% below the national median of $75,149.
What is the median home value in Atwood?
The median home value in Atwood, IL is $119,500, which is 51% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Atwood?
The median monthly rent in Atwood, IL is $743, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Atwood?
The unemployment rate in Atwood, IL is 0.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Atwood, IL a good place to live?
Atwood offers a moderate cost of living, affordable housing, and a strong job market. With a population of 976 and a median age of 38.6, the city appeals to a broad range of residents.
How educated is Atwood, IL?
16.1% of residents in Atwood 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 Atwood?
Key cost-of-living indicators for Atwood, IL: median home value is $119,500 (51% below national), median rent is $743/month, and median household income is $58,875. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Atwood?
The poverty rate in Atwood, IL is 7.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Atwood, IL?
Atwood's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.