Cypress, IL
Population 264 · Illinois
About Cypress, IL
Cypress is a small community located in Illinois with a population of 264 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,750 per year, which is 28% below the national median of $75,149. The median age of 33 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 Cypress features a median home value of $72,500, which is 70% below the national median of $244,900. This makes Cypress one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,071, 8% below the national average of $1,163/month. Of the 84 total housing units, 84% are owner-occupied (51 units) and 16% are renter-occupied (10 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cypress shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.7%, above the national average of 12.4%. Workers in Cypress have an average one-way commute time of 24.5 minutes.
Education & Demographics
5.6% of Cypress 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, 0.0% 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 Cypress, IL
Compared to national averages, Cypress has a median household income of $53,750 (28% below the national median of $75,149). Home values average $72,500, which is 70% below the national median. Monthly rent at $1,071 is 8% below the US average of $1,163. Within Illinois, Cypress's income is 28% below the state average of $75,072, and home values are 56% below the state median of $165,779.
Why Live in Cypress, IL?
Cypress offers affordable housing with a median home value of $72,500, below the US average of $244,900, and rent that’s lower than the national average at $1,071/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 24.5 minutes.
Potential considerations include median household income ($53,750) that falls below the national average. However, Cypress’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cypress has a population of 264 with a median age of 33 years. Compare Cypress 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 Cypress
What is the population of Cypress, IL?
The population of Cypress, IL is 264 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 Cypress?
The median household income in Cypress, IL is $53,750 per year, which is 28% below the national median of $75,149.
What is the median home value in Cypress?
The median home value in Cypress, IL is $72,500, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cypress?
The median monthly rent in Cypress, IL is $1,071, which is 8% below the national average of $1,163/month.
What is the unemployment rate in Cypress?
The unemployment rate in Cypress, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cypress, IL a good place to live?
Cypress offers a moderate cost of living, affordable housing, and a strong job market. With a population of 264 and a median age of 33, the city appeals to young professionals and families.
How educated is Cypress, IL?
5.6% of residents in Cypress 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 Cypress?
Key cost-of-living indicators for Cypress, IL: median home value is $72,500 (70% below national), median rent is $1,071/month, and median household income is $53,750. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cypress?
The poverty rate in Cypress, IL is 16.7%, 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 Cypress, IL?
Cypress's population is 0.0% White, 0.0% 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.