Chesterfield, IL
Population 244 · Illinois
About Chesterfield, IL
Chesterfield is a small community located in Illinois with a population of 244 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,313 per year, which is 20% below the national median of $75,149. The median age of 31.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Chesterfield features a median home value of $78,900, which is 68% below the national median of $244,900. This makes Chesterfield 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 95 total housing units, 95% are owner-occupied (75 units) and 5% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chesterfield shows an unemployment rate of 14.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.8%, above the national average of 12.4%. Workers in Chesterfield have an average one-way commute time of 41 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
21.2% of Chesterfield 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, 0.8% 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 Chesterfield, IL
Compared to national averages, Chesterfield has a median household income of $60,313 (20% below the national median of $75,149). Home values average $78,900, which is 68% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Chesterfield's income is 20% below the state average of $75,072, and home values are 52% below the state median of $165,779.
Why Live in Chesterfield, IL?
Chesterfield offers affordable housing with a median home value of $78,900, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($60,313) that falls below the national average. However, Chesterfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chesterfield has a population of 244 with a median age of 31.6 years. Compare Chesterfield with other cities to see how it stacks up, or explore all cities in Illinois.
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Demographics
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Economy & Education
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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 Chesterfield
What is the population of Chesterfield, IL?
The population of Chesterfield, IL is 244 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 Chesterfield?
The median household income in Chesterfield, IL is $60,313 per year, which is 20% below the national median of $75,149.
What is the median home value in Chesterfield?
The median home value in Chesterfield, IL is $78,900, which is 68% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chesterfield?
The median monthly rent in Chesterfield, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Chesterfield?
The unemployment rate in Chesterfield, IL is 14.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Chesterfield, IL a good place to live?
Chesterfield offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 244 and a median age of 31.6, the city appeals to young professionals and families.
How educated is Chesterfield, IL?
21.2% of residents in Chesterfield 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 Chesterfield?
Key cost-of-living indicators for Chesterfield, IL: median home value is $78,900 (68% below national), median rent is $0/month, and median household income is $60,313. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Chesterfield?
The poverty rate in Chesterfield, IL is 14.8%, 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 Chesterfield, IL?
Chesterfield's population is 0.0% White, 0.8% 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.