Broadwell, IL
Population 206 · Illinois
About Broadwell, IL
Broadwell is a small community located in Illinois with a population of 206 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,167 per year, which is 28% below the national median of $75,149. The median age of 48.9 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 Broadwell features a median home value of $99,100, which is 60% below the national median of $244,900. This makes Broadwell one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $735, 37% below the national average of $1,163/month. Of the 141 total housing units, 60% are owner-occupied (74 units) and 40% are renter-occupied (50 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Broadwell shows an unemployment rate of 19.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 19.4%, above the national average of 12.4%. Workers in Broadwell have an average one-way commute time of 29.6 minutes.
Education & Demographics
9.2% of Broadwell 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 1.9% 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 Broadwell, IL
Compared to national averages, Broadwell has a median household income of $54,167 (28% below the national median of $75,149). Home values average $99,100, which is 60% below the national median. Monthly rent at $735 is 37% below the US average of $1,163. Within Illinois, Broadwell's income is 28% below the state average of $75,072, and home values are 40% below the state median of $165,779.
Why Live in Broadwell, IL?
Broadwell offers affordable housing with a median home value of $99,100, below the US average of $244,900, and rent that’s lower than the national average at $735/month.
Potential considerations include median household income ($54,167) that falls below the national average. However, Broadwell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Broadwell has a population of 206 with a median age of 48.9 years. Compare Broadwell with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Broadwell
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Indianola | 207 | $42,125 | $61,000 | Compare |
| Iroquois | 205 | $54,500 | $95,200 | Compare |
| North Henderson | 204 | $71,563 | $75,000 | Compare |
| Wellington | 204 | $46,979 | $73,900 | Compare |
| New Canton | 209 | $37,031 | $72,100 | Compare |
| Sawyerville | 209 | $46,429 | $89,200 | Compare |
| Cisco | 210 | $48,750 | $109,000 | Compare |
| Mossville | 210 | $0 | $93,000 | 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 Broadwell
What is the population of Broadwell, IL?
The population of Broadwell, IL is 206 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 Broadwell?
The median household income in Broadwell, IL is $54,167 per year, which is 28% below the national median of $75,149.
What is the median home value in Broadwell?
The median home value in Broadwell, IL is $99,100, which is 60% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Broadwell?
The median monthly rent in Broadwell, IL is $735, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Broadwell?
The unemployment rate in Broadwell, IL is 19.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Broadwell, IL a good place to live?
Broadwell offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 206 and a median age of 48.9, the city appeals to established professionals and retirees.
How educated is Broadwell, IL?
9.2% of residents in Broadwell 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 Broadwell?
Key cost-of-living indicators for Broadwell, IL: median home value is $99,100 (60% below national), median rent is $735/month, and median household income is $54,167. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Broadwell?
The poverty rate in Broadwell, IL is 19.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Broadwell, IL?
Broadwell's population is 1.9% 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.