Edgewood, IL
Population 357 · Illinois
About Edgewood, IL
Edgewood is a small community located in Illinois with a population of 357 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,188 per year, which is 44% below the national median of $75,149. The median age of 45.4 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 Edgewood features a median home value of $72,500, which is 70% below the national median of $244,900. This makes Edgewood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $625, 46% below the national average of $1,163/month. Of the 191 total housing units, 71% are owner-occupied (129 units) and 29% are renter-occupied (52 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Edgewood shows an unemployment rate of 5.5%, which is near the national rate of 3.7%. The poverty rate stands at 12.7%, above the national average of 12.4%. Workers in Edgewood have an average one-way commute time of 28.1 minutes.
Education & Demographics
7.6% of Edgewood 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 1.1% White, 2.5% Hispanic or Latino, 2.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Edgewood, IL
Compared to national averages, Edgewood has a median household income of $42,188 (44% below the national median of $75,149). Home values average $72,500, which is 70% below the national median. Monthly rent at $625 is 46% below the US average of $1,163. Within Illinois, Edgewood's income is 44% below the state average of $75,072, and home values are 56% below the state median of $165,779.
Why Live in Edgewood, IL?
Edgewood 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 $625/month.
Potential considerations include median household income ($42,188) that falls below the national average. However, Edgewood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Edgewood has a population of 357 with a median age of 45.4 years. Compare Edgewood with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Edgewood
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fairview | 357 | $65,250 | $79,800 | Compare |
| Little York | 357 | $54,250 | $80,700 | Compare |
| Bondville | 356 | $57,188 | $168,500 | Compare |
| London Mills | 356 | $52,656 | $54,800 | Compare |
| Summerfield | 358 | $58,661 | $84,100 | Compare |
| Towanda | 356 | $78,611 | $158,200 | Compare |
| Crab Orchard | 359 | $110,125 | $97,900 | Compare |
| Creal Springs | 354 | $43,333 | $57,600 | 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 Edgewood
What is the population of Edgewood, IL?
The population of Edgewood, IL is 357 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 Edgewood?
The median household income in Edgewood, IL is $42,188 per year, which is 44% below the national median of $75,149.
What is the median home value in Edgewood?
The median home value in Edgewood, 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 Edgewood?
The median monthly rent in Edgewood, IL is $625, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Edgewood?
The unemployment rate in Edgewood, IL is 5.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Edgewood, IL a good place to live?
Edgewood offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 357 and a median age of 45.4, the city appeals to established professionals and retirees.
How educated is Edgewood, IL?
7.6% of residents in Edgewood 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 Edgewood?
Key cost-of-living indicators for Edgewood, IL: median home value is $72,500 (70% below national), median rent is $625/month, and median household income is $42,188. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Edgewood?
The poverty rate in Edgewood, IL is 12.7%, 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 Edgewood, IL?
Edgewood's population is 1.1% White, 2.5% Hispanic or Latino, 2.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.