Elliott, IL
Population 265 · Illinois
About Elliott, IL
Elliott is a small community located in Illinois with a population of 265 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,750 per year, which is 35% below the national median of $75,149. The median age of 28 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 Elliott features a median home value of $81,800, which is 67% below the national median of $244,900. This makes Elliott one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,045, 10% below the national average of $1,163/month. Of the 124 total housing units, 79% are owner-occupied (89 units) and 21% are renter-occupied (23 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elliott shows an unemployment rate of 2.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 21.7%, above the national average of 12.4%. Workers in Elliott have an average one-way commute time of 26.8 minutes.
Education & Demographics
14.3% of Elliott 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 2.3% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in Elliott, IL
Compared to national averages, Elliott has a median household income of $48,750 (35% below the national median of $75,149). Home values average $81,800, which is 67% below the national median. Monthly rent at $1,045 is 10% below the US average of $1,163. Within Illinois, Elliott's income is 35% below the state average of $75,072, and home values are 51% below the state median of $165,779.
Why Live in Elliott, IL?
Elliott offers affordable housing with a median home value of $81,800, below the US average of $244,900, and rent that’s lower than the national average at $1,045/month, and a strong job market with an unemployment rate of just 2.4%.
Potential considerations include median household income ($48,750) that falls below the national average. However, Elliott’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elliott has a population of 265 with a median age of 28 years. Compare Elliott with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Elliott
What is the population of Elliott, IL?
The population of Elliott, IL is 265 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 Elliott?
The median household income in Elliott, IL is $48,750 per year, which is 35% below the national median of $75,149.
What is the median home value in Elliott?
The median home value in Elliott, IL is $81,800, which is 67% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elliott?
The median monthly rent in Elliott, IL is $1,045, which is 10% below the national average of $1,163/month.
What is the unemployment rate in Elliott?
The unemployment rate in Elliott, IL is 2.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elliott, IL a good place to live?
Elliott offers a moderate cost of living, affordable housing, and a strong job market. With a population of 265 and a median age of 28, the city appeals to young professionals and families.
How educated is Elliott, IL?
14.3% of residents in Elliott 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 Elliott?
Key cost-of-living indicators for Elliott, IL: median home value is $81,800 (67% below national), median rent is $1,045/month, and median household income is $48,750. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elliott?
The poverty rate in Elliott, IL is 21.7%, 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 Elliott, IL?
Elliott's population is 2.3% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.5% of residents are foreign-born.