Bismarck, IL
Population 510 · Illinois
About Bismarck, IL
Bismarck is a small community located in Illinois with a population of 510 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,875 per year, which is 2% above the national median of $75,149. The median age of 42.5 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 Bismarck features a median home value of $110,300, which is 55% below the national median of $244,900. This makes Bismarck one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $817, 30% below the national average of $1,163/month. Of the 223 total housing units, 86% are owner-occupied (187 units) and 14% are renter-occupied (30 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bismarck shows an unemployment rate of 5.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bismarck have an average one-way commute time of 23.9 minutes.
Education & Demographics
22.1% of Bismarck 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 1.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Bismarck, IL
Compared to national averages, Bismarck has a median household income of $76,875 (2% above the national median of $75,149). Home values average $110,300, which is 55% below the national median. Monthly rent at $817 is 30% below the US average of $1,163. Within Illinois, Bismarck's income is 2% above the state average of $75,072, and home values are 33% below the state median of $165,779.
Why Live in Bismarck, IL?
Bismarck offers a strong local economy with a median household income of $76,875, well above the national average, and affordable housing with a median home value of $110,300, below the US average of $244,900, and rent that’s lower than the national average at $817/month. Additionally, the city features a low poverty rate of 10.3%, better than the national average, and short commute times averaging just 23.9 minutes.
Bismarck has a population of 510 with a median age of 42.5 years. Compare Bismarck with other cities to see how it stacks up, or explore all cities in Illinois.
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Demographics
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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 Bismarck
What is the population of Bismarck, IL?
The population of Bismarck, IL is 510 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 Bismarck?
The median household income in Bismarck, IL is $76,875 per year, which is 2% above the national median of $75,149.
What is the median home value in Bismarck?
The median home value in Bismarck, IL is $110,300, which is 55% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bismarck?
The median monthly rent in Bismarck, IL is $817, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Bismarck?
The unemployment rate in Bismarck, IL is 5.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bismarck, IL a good place to live?
Bismarck offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 510 and a median age of 42.5, the city appeals to a broad range of residents.
How educated is Bismarck, IL?
22.1% of residents in Bismarck 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 Bismarck?
Key cost-of-living indicators for Bismarck, IL: median home value is $110,300 (55% below national), median rent is $817/month, and median household income is $76,875. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bismarck?
The poverty rate in Bismarck, IL is 10.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Bismarck, IL?
Bismarck's population is 1.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.