Carman, IL
Population 343 · Illinois
About Carman, IL
Carman is a small community located in Illinois with a population of 343 residents according to the latest US Census Bureau American Community Survey data. The median household income is $153,419 per year, which is 104% above the national median of $75,149. The median age of 39.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Carman features a median home value of $77,400, which is 68% below the national median of $244,900. This makes Carman 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 77 total housing units, 100% are owner-occupied (77 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carman shows an unemployment rate of 26.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carman have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
13.5% of Carman 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 0.0% 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.
How Carman Ranks in Illinois
Cost of Living in Carman, IL
Compared to national averages, Carman has a median household income of $153,419 (104% above the national median of $75,149). Home values average $77,400, which is 68% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Carman's income is 104% above the state average of $75,072, and home values are 53% below the state median of $165,779.
Why Live in Carman, IL?
Carman offers a strong local economy with a median household income of $153,419, well above the national average, and affordable housing with a median home value of $77,400, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Carman has a population of 343 with a median age of 39.7 years. Compare Carman with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Carman
Cities in Illinois with a similar population size.
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.
Compare Carman With Other Cities
Frequently Asked Questions about Carman
What is the population of Carman, IL?
The population of Carman, IL is 343 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 Carman?
The median household income in Carman, IL is $153,419 per year, which is 104% above the national median of $75,149.
What is the median home value in Carman?
The median home value in Carman, IL is $77,400, which is 68% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carman?
The median monthly rent in Carman, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Carman?
The unemployment rate in Carman, IL is 26.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carman, IL a good place to live?
Carman offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 343 and a median age of 39.7, the city appeals to a broad range of residents.
How educated is Carman, IL?
13.5% of residents in Carman 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 Carman?
Key cost-of-living indicators for Carman, IL: median home value is $77,400 (68% below national), median rent is $0/month, and median household income is $153,419. The home-value-to-income ratio is 0.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carman?
The poverty rate in Carman, IL is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carman, IL?
Carman's population is 0.0% 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.