Cedarville, IL
Population 705 · Illinois
About Cedarville, IL
Cedarville is a small community located in Illinois with a population of 705 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,712 per year, which is 21% below the national median of $75,149. The median age of 48.1 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 Cedarville features a median home value of $110,600, which is 55% below the national median of $244,900. This makes Cedarville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $544, 53% below the national average of $1,163/month. Of the 361 total housing units, 93% are owner-occupied (311 units) and 7% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cedarville shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 13.2%, above the national average of 12.4%. Workers in Cedarville have an average one-way commute time of 25.4 minutes.
Education & Demographics
20.8% of Cedarville 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, 0.7% Hispanic or Latino, 3.1% Black or African American, and 1.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Cedarville, IL
Compared to national averages, Cedarville has a median household income of $59,712 (21% below the national median of $75,149). Home values average $110,600, which is 55% below the national median. Monthly rent at $544 is 53% below the US average of $1,163. Within Illinois, Cedarville's income is 20% below the state average of $75,072, and home values are 33% below the state median of $165,779.
Why Live in Cedarville, IL?
Cedarville offers affordable housing with a median home value of $110,600, below the US average of $244,900, and rent that’s lower than the national average at $544/month.
Potential considerations include median household income ($59,712) that falls below the national average. However, Cedarville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cedarville has a population of 705 with a median age of 48.1 years. Compare Cedarville with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Cedarville
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sherrard | 705 | $86,932 | $130,400 | Compare |
| Matherville | 703 | $80,714 | $136,200 | Compare |
| Tovey | 707 | $81,250 | $78,200 | Compare |
| Aroma Park | 702 | $72,250 | $150,400 | Compare |
| North City | 708 | $50,469 | $107,400 | Compare |
| Augusta | 710 | $41,094 | $86,500 | Compare |
| Bowen | 710 | $70,263 | $74,400 | Compare |
| Green Valley | 700 | $62,986 | $116,700 | 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 Cedarville With Other Cities
Frequently Asked Questions about Cedarville
What is the population of Cedarville, IL?
The population of Cedarville, IL is 705 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 Cedarville?
The median household income in Cedarville, IL is $59,712 per year, which is 21% below the national median of $75,149.
What is the median home value in Cedarville?
The median home value in Cedarville, IL is $110,600, which is 55% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cedarville?
The median monthly rent in Cedarville, IL is $544, which is 53% below the national average of $1,163/month.
What is the unemployment rate in Cedarville?
The unemployment rate in Cedarville, IL is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cedarville, IL a good place to live?
Cedarville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 705 and a median age of 48.1, the city appeals to established professionals and retirees.
How educated is Cedarville, IL?
20.8% of residents in Cedarville 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 Cedarville?
Key cost-of-living indicators for Cedarville, IL: median home value is $110,600 (55% below national), median rent is $544/month, and median household income is $59,712. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cedarville?
The poverty rate in Cedarville, IL is 13.2%, 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 Cedarville, IL?
Cedarville's population is 0.0% White, 0.7% Hispanic or Latino, 3.1% Black or African American, 1.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.