Diamond, IL
Population 2,900 · Illinois
About Diamond, IL
Diamond is a small community in Illinois with a population of 2,900 residents. The median household income is $60,000 per year, which is near the national average. The median age in Diamond is 36.2 years.
Housing in Diamond has a median home value of $211,500 and median monthly rent of $1,224. Of the 1,166 total housing units, the majority are owner-occupied, with 919 owner-occupied and 241 renter-occupied units.
The unemployment rate in Diamond is 0.7% and the poverty rate is 14.1%. 12.1% of residents hold a bachelor's degree or higher. The average commute time is 27.4 minutes.
How Diamond Ranks in Illinois
Cost of Living in Diamond, IL
Compared to national averages, Diamond has a median household income of $60,000 (20% below the national median of $75,149). Home values average $211,500, which is 14% below the national median. Monthly rent at $1,224 is 5% above the US average of $1,163. Within Illinois, Diamond's income is 20% below the state average of $75,072, and home values are 28% above the state median of $165,779.
Why Live in Diamond, IL?
Diamond offers affordable housing with a median home value of $211,500, below the US average of $244,900, and a strong job market with an unemployment rate of just 0.7%.
Potential considerations include median household income ($60,000) that falls below the national average. However, Diamond’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Diamond has a population of 2,900 with a median age of 36.2 years. Compare Diamond with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Diamond
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Galena | 2,899 | $55,765 | $199,700 | Compare |
| Winnebago | 2,896 | $82,813 | $180,300 | Compare |
| El Paso | 2,871 | $70,063 | $149,200 | Compare |
| Arcola | 2,867 | $85,697 | $122,800 | Compare |
| Newton | 2,852 | $58,564 | $98,900 | Compare |
| Savanna | 2,851 | $46,094 | $75,000 | Compare |
| Dixmoor | 2,962 | $39,861 | $75,500 | Compare |
| Ingalls Park | 2,970 | $55,268 | $143,800 | 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 Diamond
What is the population of Diamond, IL?
The population of Diamond, IL is 2,900 according to the latest Census data.
What is the median household income in Diamond?
The median household income in Diamond, IL is $60,000 per year.
What is the median home value in Diamond?
The median home value in Diamond, IL is $211,500.
What is the average rent in Diamond?
The median monthly rent in Diamond, IL is $1,224.
What is the unemployment rate in Diamond?
The unemployment rate in Diamond, IL is 0.7%.