Bonfield, IL
Population 474 · Illinois
About Bonfield, IL
Bonfield is a small community located in Illinois with a population of 474 residents according to the latest US Census Bureau American Community Survey data. The median household income is $86,667 per year, which is 15% above the national median of $75,149. The median age of 42.3 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 Bonfield features a median home value of $190,800, which is 22% below the national median of $244,900. This positions Bonfield in a moderately priced market relative to the rest of the country. Median monthly rent is $825, 29% below the national average of $1,163/month. Of the 200 total housing units, 80% are owner-occupied (159 units) and 20% are renter-occupied (39 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bonfield shows an unemployment rate of 6.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bonfield have an average one-way commute time of 24.4 minutes.
Education & Demographics
10.1% of Bonfield 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 1.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Bonfield, IL
Compared to national averages, Bonfield has a median household income of $86,667 (15% above the national median of $75,149). Home values average $190,800, which is 22% below the national median. Monthly rent at $825 is 29% below the US average of $1,163. Within Illinois, Bonfield's income is 15% above the state average of $75,072, and home values are 15% above the state median of $165,779.
Why Live in Bonfield, IL?
Bonfield offers a strong local economy with a median household income of $86,667, well above the national average, and affordable housing with a median home value of $190,800, below the US average of $244,900, and rent that’s lower than the national average at $825/month. Additionally, the city features a low poverty rate of 2.3%, better than the national average, and short commute times averaging just 24.4 minutes.
Bonfield has a population of 474 with a median age of 42.3 years. Compare Bonfield with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Bonfield
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Leaf River | 475 | $75,903 | $93,600 | Compare |
| Malden | 473 | $69,327 | $102,600 | Compare |
| Mount Auburn | 473 | $55,714 | $85,000 | Compare |
| Thompsonville | 475 | $46,023 | $85,700 | Compare |
| Buckley | 472 | $52,212 | $91,700 | Compare |
| De Land | 472 | $50,500 | $90,000 | Compare |
| Hoyleton | 472 | $71,875 | $103,500 | Compare |
| Sigel | 476 | $84,861 | $161,500 | 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 Bonfield
What is the population of Bonfield, IL?
The population of Bonfield, IL is 474 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 Bonfield?
The median household income in Bonfield, IL is $86,667 per year, which is 15% above the national median of $75,149.
What is the median home value in Bonfield?
The median home value in Bonfield, IL is $190,800, which is 22% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bonfield?
The median monthly rent in Bonfield, IL is $825, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Bonfield?
The unemployment rate in Bonfield, IL is 6.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bonfield, IL a good place to live?
Bonfield offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 474 and a median age of 42.3, the city appeals to a broad range of residents.
How educated is Bonfield, IL?
10.1% of residents in Bonfield 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 Bonfield?
Key cost-of-living indicators for Bonfield, IL: median home value is $190,800 (22% below national), median rent is $825/month, and median household income is $86,667. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bonfield?
The poverty rate in Bonfield, IL is 2.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Bonfield, IL?
Bonfield's population is 1.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.