Camargo, IL
Population 462 · Illinois
About Camargo, IL
Camargo is a small community located in Illinois with a population of 462 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,417 per year, which is 20% below the national median of $75,149. The median age of 40.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Camargo features a median home value of $122,000, which is 50% below the national median of $244,900. This makes Camargo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $531, 54% below the national average of $1,163/month. Of the 252 total housing units, 79% are owner-occupied (152 units) and 21% are renter-occupied (41 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Camargo shows an unemployment rate of 2.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Camargo have an average one-way commute time of 27.4 minutes.
Education & Demographics
14.7% of Camargo 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, 0.9% 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 Camargo, IL
Compared to national averages, Camargo has a median household income of $60,417 (20% below the national median of $75,149). Home values average $122,000, which is 50% below the national median. Monthly rent at $531 is 54% below the US average of $1,163. Within Illinois, Camargo's income is 20% below the state average of $75,072, and home values are 26% below the state median of $165,779.
Why Live in Camargo, IL?
Camargo offers affordable housing with a median home value of $122,000, below the US average of $244,900, and rent that’s lower than the national average at $531/month, and a strong job market with an unemployment rate of just 2.4%. Additionally, the city features a low poverty rate of 6.9%, better than the national average.
Potential considerations include median household income ($60,417) that falls below the national average. However, Camargo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Camargo has a population of 462 with a median age of 40.5 years. Compare Camargo with other cities to see how it stacks up, or explore all cities in Illinois.
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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 Camargo
What is the population of Camargo, IL?
The population of Camargo, IL is 462 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 Camargo?
The median household income in Camargo, IL is $60,417 per year, which is 20% below the national median of $75,149.
What is the median home value in Camargo?
The median home value in Camargo, IL is $122,000, which is 50% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Camargo?
The median monthly rent in Camargo, IL is $531, which is 54% below the national average of $1,163/month.
What is the unemployment rate in Camargo?
The unemployment rate in Camargo, IL is 2.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Camargo, IL a good place to live?
Camargo offers a moderate cost of living, affordable housing, and a strong job market. With a population of 462 and a median age of 40.5, the city appeals to a broad range of residents.
How educated is Camargo, IL?
14.7% of residents in Camargo 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 Camargo?
Key cost-of-living indicators for Camargo, IL: median home value is $122,000 (50% below national), median rent is $531/month, and median household income is $60,417. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Camargo?
The poverty rate in Camargo, IL is 6.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Camargo, IL?
Camargo's population is 1.9% White, 0.9% 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.