Basco, IL
Population 73 · Illinois
About Basco, IL
Basco is a small community located in Illinois with a population of 73 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,250 per year, which is 38% below the national median of $75,149. The median age of 48.3 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 Basco features a median home value of $38,200, which is 84% below the national median of $244,900. This makes Basco 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 45 total housing units, 84% are owner-occupied (31 units) and 16% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Basco shows an unemployment rate of 16.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Basco have an average one-way commute time of 22.1 minutes.
Education & Demographics
16.3% of Basco 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 6.8% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Basco Ranks in Illinois
Cost of Living in Basco, IL
Compared to national averages, Basco has a median household income of $46,250 (38% below the national median of $75,149). Home values average $38,200, which is 84% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Basco's income is 38% below the state average of $75,072, and home values are 77% below the state median of $165,779.
Why Live in Basco, IL?
Basco offers affordable housing with a median home value of $38,200, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 12.3%, better than the national average. Additionally, the city features short commute times averaging just 22.1 minutes.
Potential considerations include median household income ($46,250) that falls below the national average. However, Basco’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Basco has a population of 73 with a median age of 48.3 years. Compare Basco 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 Basco
What is the population of Basco, IL?
The population of Basco, IL is 73 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 Basco?
The median household income in Basco, IL is $46,250 per year, which is 38% below the national median of $75,149.
What is the median home value in Basco?
The median home value in Basco, IL is $38,200, which is 84% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Basco?
The median monthly rent in Basco, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Basco?
The unemployment rate in Basco, IL is 16.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Basco, IL a good place to live?
Basco offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 73 and a median age of 48.3, the city appeals to established professionals and retirees.
How educated is Basco, IL?
16.3% of residents in Basco 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 Basco?
Key cost-of-living indicators for Basco, IL: median home value is $38,200 (84% below national), median rent is $0/month, and median household income is $46,250. The home-value-to-income ratio is 0.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Basco?
The poverty rate in Basco, IL is 12.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Basco, IL?
Basco's population is 6.8% White, 1.4% 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.