Belknap, IL
Population 78 · Illinois
About Belknap, IL
Belknap is a small community located in Illinois with a population of 78 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 54.3 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 Belknap features a median home value of $0, which is 100% below the national median of $244,900. This makes Belknap 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 50 total housing units, 69% are owner-occupied (24 units) and 31% are renter-occupied (11 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Belknap shows an unemployment rate of 10.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Belknap have an average one-way commute time of 30.1 minutes.
Education & Demographics
27.5% of Belknap 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Belknap, IL
Compared to national averages, Belknap has a median household income of $0 (100% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Belknap's income is 100% below the state average of $75,072, and home values are 100% below the state median of $165,779.
Why Live in Belknap, IL?
Belknap offers affordable housing with a median home value of $0, 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 7.7%, better than the national average.
Potential considerations include median household income ($0) that falls below the national average. However, Belknap’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Belknap has a population of 78 with a median age of 54.3 years. Compare Belknap 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 Belknap
What is the population of Belknap, IL?
The population of Belknap, IL is 78 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 Belknap?
The median household income in Belknap, IL is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Belknap?
The median home value in Belknap, IL is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Belknap?
The median monthly rent in Belknap, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Belknap?
The unemployment rate in Belknap, IL is 10.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Belknap, IL a good place to live?
Belknap offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 78 and a median age of 54.3, the city appeals to established professionals and retirees.
How educated is Belknap, IL?
27.5% of residents in Belknap 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 Belknap?
Key cost-of-living indicators for Belknap, IL: median home value is $0 (100% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is NaNx, a moderate figure by national standards.
What is the poverty rate in Belknap?
The poverty rate in Belknap, IL is 7.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Belknap, IL?
Belknap'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. 0.0% of residents are foreign-born.