Chestnut, IL
Population 297 · Illinois
About Chestnut, IL
Chestnut is a small community in Illinois with a population of 297 residents. The median household income is $51,875 per year, which is near the national average. The median age in Chestnut is 47.4 years.
Housing in Chestnut has a median home value of $137,800 and median monthly rent of $0. Of the 126 total housing units, the majority are owner-occupied, with 118 owner-occupied and 8 renter-occupied units.
The unemployment rate in Chestnut is 0.0% and the poverty rate is 19.9%. 0.0% of residents hold a bachelor's degree or higher. The average commute time is 17.9 minutes.
Cost of Living in Chestnut, IL
Compared to national averages, Chestnut has a median household income of $51,875 (31% below the national median of $75,149). Home values average $137,800, which is 44% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Chestnut's income is 31% below the state average of $75,072, and home values are 17% below the state median of $165,779.
Why Live in Chestnut, IL?
Chestnut offers affordable housing with a median home value of $137,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 17.9 minutes.
Potential considerations include median household income ($51,875) that falls below the national average. However, Chestnut’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chestnut has a population of 297 with a median age of 47.4 years. Compare Chestnut 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 Chestnut
What is the population of Chestnut, IL?
The population of Chestnut, IL is 297 according to the latest Census data.
What is the median household income in Chestnut?
The median household income in Chestnut, IL is $51,875 per year.
What is the median home value in Chestnut?
The median home value in Chestnut, IL is $137,800.
What is the average rent in Chestnut?
The median monthly rent in Chestnut, IL is $0.
What is the unemployment rate in Chestnut?
The unemployment rate in Chestnut, IL is 0.0%.