Buckingham, IL
Population 287 · Illinois
About Buckingham, IL
Buckingham is a small community located in Illinois with a population of 287 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,250 per year, which is 1% above the national median of $75,149. The median age of 42.1 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 Buckingham features a median home value of $116,200, which is 53% below the national median of $244,900. This makes Buckingham 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 93 total housing units, 96% are owner-occupied (86 units) and 4% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Buckingham shows an unemployment rate of 2.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Buckingham have an average one-way commute time of 28 minutes.
Education & Demographics
4.9% of Buckingham 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, 1.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in Buckingham, IL
Compared to national averages, Buckingham has a median household income of $76,250 (1% above the national median of $75,149). Home values average $116,200, which is 53% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Buckingham's income is 2% above the state average of $75,072, and home values are 30% below the state median of $165,779.
Why Live in Buckingham, IL?
Buckingham offers a strong local economy with a median household income of $76,250, well above the national average, and affordable housing with a median home value of $116,200, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 2.3%, and a low poverty rate of 3.5%, better than the national average.
Buckingham has a population of 287 with a median age of 42.1 years. Compare Buckingham with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Buckingham
What is the population of Buckingham, IL?
The population of Buckingham, IL is 287 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 Buckingham?
The median household income in Buckingham, IL is $76,250 per year, which is 1% above the national median of $75,149.
What is the median home value in Buckingham?
The median home value in Buckingham, IL is $116,200, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Buckingham?
The median monthly rent in Buckingham, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Buckingham?
The unemployment rate in Buckingham, IL is 2.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Buckingham, IL a good place to live?
Buckingham offers above-average incomes, affordable housing, and a strong job market. With a population of 287 and a median age of 42.1, the city appeals to a broad range of residents.
How educated is Buckingham, IL?
4.9% of residents in Buckingham 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 Buckingham?
Key cost-of-living indicators for Buckingham, IL: median home value is $116,200 (53% below national), median rent is $0/month, and median household income is $76,250. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Buckingham?
The poverty rate in Buckingham, IL is 3.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Buckingham, IL?
Buckingham's population is 1.7% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.0% of residents are foreign-born.