Cleveland, IL
Population 214 · Illinois
About Cleveland, IL
Cleveland is a small community located in Illinois with a population of 214 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,875 per year, which is 9% above the national median of $75,149. The median age of 45.2 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 Cleveland features a median home value of $145,500, which is 41% below the national median of $244,900. This makes Cleveland 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 88 total housing units, 95% are owner-occupied (73 units) and 5% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cleveland shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cleveland have an average one-way commute time of 25.6 minutes.
Education & Demographics
13.2% of Cleveland 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 1.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 1.9% Asian residents, with 1.9% of the population being foreign-born.
Cost of Living in Cleveland, IL
Compared to national averages, Cleveland has a median household income of $81,875 (9% above the national median of $75,149). Home values average $145,500, which is 41% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Cleveland's income is 9% above the state average of $75,072, and home values are 12% below the state median of $165,779.
Why Live in Cleveland, IL?
Cleveland offers a strong local economy with a median household income of $81,875, well above the national average, and affordable housing with a median home value of $145,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 1.9%, and a low poverty rate of 2.3%, better than the national average.
Cleveland has a population of 214 with a median age of 45.2 years. Compare Cleveland with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Cleveland
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Broughton | 213 | $52,500 | $38,800 | Compare |
| Bulpitt | 213 | $72,500 | $80,600 | Compare |
| Lawrence | 213 | $94,205 | $218,800 | Compare |
| Ivesdale | 212 | $61,250 | $116,200 | Compare |
| Magnolia | 212 | $74,500 | $134,300 | Compare |
| Plainville | 212 | $71,250 | $96,900 | Compare |
| Allerton | 217 | $51,667 | $106,700 | Compare |
| Campbell's Island | 211 | $68,244 | $151,500 | 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.
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Frequently Asked Questions about Cleveland
What is the population of Cleveland, IL?
The population of Cleveland, IL is 214 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 Cleveland?
The median household income in Cleveland, IL is $81,875 per year, which is 9% above the national median of $75,149.
What is the median home value in Cleveland?
The median home value in Cleveland, IL is $145,500, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cleveland?
The median monthly rent in Cleveland, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Cleveland?
The unemployment rate in Cleveland, IL is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cleveland, IL a good place to live?
Cleveland offers above-average incomes, affordable housing, and a strong job market. With a population of 214 and a median age of 45.2, the city appeals to established professionals and retirees.
How educated is Cleveland, IL?
13.2% of residents in Cleveland 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 Cleveland?
Key cost-of-living indicators for Cleveland, IL: median home value is $145,500 (41% below national), median rent is $0/month, and median household income is $81,875. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cleveland?
The poverty rate in Cleveland, IL is 2.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cleveland, IL?
Cleveland's population is 1.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 1.9% Asian, and 1.9% two or more races. 1.9% of residents are foreign-born.