Carrollton, IL
Population 2,528 · Illinois
About Carrollton, IL
Carrollton is a small town located in Illinois with a population of 2,528 residents according to the latest US Census Bureau American Community Survey data. The median household income is $64,464 per year, which is 14% below the national median of $75,149. The median age of 36.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Carrollton features a median home value of $114,100, which is 53% below the national median of $244,900. This makes Carrollton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $920, 21% below the national average of $1,163/month. Of the 1,138 total housing units, 66% are owner-occupied (603 units) and 34% are renter-occupied (314 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Carrollton shows an unemployment rate of 1.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carrollton have an average one-way commute time of 24.3 minutes.
Education & Demographics
19.5% of Carrollton 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 1.5% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 0.1% of the population being foreign-born.
Cost of Living in Carrollton, IL
Compared to national averages, Carrollton has a median household income of $64,464 (14% below the national median of $75,149). Home values average $114,100, which is 53% below the national median. Monthly rent at $920 is 21% below the US average of $1,163. Within Illinois, Carrollton's income is 14% below the state average of $75,072, and home values are 31% below the state median of $165,779.
Why Live in Carrollton, IL?
Carrollton offers affordable housing with a median home value of $114,100, below the US average of $244,900, and rent that’s lower than the national average at $920/month, and a strong job market with an unemployment rate of just 1.6%. Additionally, the city features a low poverty rate of 10.2%, better than the national average, and short commute times averaging just 24.3 minutes.
Potential considerations include median household income ($64,464) that falls below the national average. However, Carrollton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carrollton has a population of 2,528 with a median age of 36.9 years. Compare Carrollton with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Carrollton
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Richmond | 2,530 | $70,379 | $225,800 | Compare |
| Seneca | 2,525 | $91,065 | $206,400 | Compare |
| Brighton | 2,536 | $74,327 | $123,000 | Compare |
| Tilton | 2,537 | $53,246 | $71,700 | Compare |
| Galva | 2,543 | $55,446 | $77,800 | Compare |
| Kenilworth | 2,543 | $250,001 | $1,409,800 | Compare |
| Carthage | 2,508 | $75,179 | $115,600 | Compare |
| Altamont | 2,500 | $76,198 | $132,200 | 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.
Compare Carrollton With Other Cities
Frequently Asked Questions about Carrollton
What is the population of Carrollton, IL?
The population of Carrollton, IL is 2,528 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Carrollton?
The median household income in Carrollton, IL is $64,464 per year, which is 14% below the national median of $75,149.
What is the median home value in Carrollton?
The median home value in Carrollton, IL is $114,100, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carrollton?
The median monthly rent in Carrollton, IL is $920, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Carrollton?
The unemployment rate in Carrollton, IL is 1.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Carrollton, IL a good place to live?
Carrollton offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,528 and a median age of 36.9, the city appeals to a broad range of residents.
How educated is Carrollton, IL?
19.5% of residents in Carrollton 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 Carrollton?
Key cost-of-living indicators for Carrollton, IL: median home value is $114,100 (53% below national), median rent is $920/month, and median household income is $64,464. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carrollton?
The poverty rate in Carrollton, IL is 10.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carrollton, IL?
Carrollton's population is 1.5% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 0.6% two or more races. 0.1% of residents are foreign-born.