Elizabeth, IL
Population 764 · Illinois
About Elizabeth, IL
Elizabeth is a small community in Illinois with a population of 764 residents. The median household income is $47,500 per year, which is below the national average. The median age in Elizabeth is 48 years.
Housing in Elizabeth has a median home value of $115,500 and median monthly rent of $741. Of the 427 total housing units, the majority are owner-occupied, with 249 owner-occupied and 137 renter-occupied units.
The unemployment rate in Elizabeth is 1.0% and the poverty rate is 13.8%. 22.3% of residents hold a bachelor's degree or higher. The average commute time is 25.7 minutes.
How Elizabeth Ranks in Illinois
Cost of Living in Elizabeth, IL
Compared to national averages, Elizabeth has a median household income of $47,500 (37% below the national median of $75,149). Home values average $115,500, which is 53% below the national median. Monthly rent at $741 is 36% below the US average of $1,163. Within Illinois, Elizabeth's income is 37% below the state average of $75,072, and home values are 30% below the state median of $165,779.
Why Live in Elizabeth, IL?
Elizabeth offers affordable housing with a median home value of $115,500, below the US average of $244,900, and rent that’s lower than the national average at $741/month, and a strong job market with an unemployment rate of just 1.0%.
Potential considerations include median household income ($47,500) that falls below the national average. However, Elizabeth’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elizabeth has a population of 764 with a median age of 48 years. Compare Elizabeth with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Elizabeth
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ridgway | 764 | $42,404 | $73,700 | Compare |
| Ashkum | 765 | $67,500 | $136,500 | Compare |
| Lake Carroll | 763 | $101,250 | $317,900 | Compare |
| Tiskilwa | 762 | $60,750 | $88,300 | Compare |
| Bartelso | 768 | $93,929 | $192,000 | Compare |
| Kirkwood | 769 | $70,385 | $89,500 | Compare |
| Lake Petersburg | 769 | $124,643 | $336,200 | Compare |
| West Salem | 769 | $50,500 | $65,800 | 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 Elizabeth
What is the population of Elizabeth, IL?
The population of Elizabeth, IL is 764 according to the latest Census data.
What is the median household income in Elizabeth?
The median household income in Elizabeth, IL is $47,500 per year.
What is the median home value in Elizabeth?
The median home value in Elizabeth, IL is $115,500.
What is the average rent in Elizabeth?
The median monthly rent in Elizabeth, IL is $741.
What is the unemployment rate in Elizabeth?
The unemployment rate in Elizabeth, IL is 1.0%.