Erie, IL
Population 1,658 · Illinois
About Erie, IL
Erie is a small town located in Illinois with a population of 1,658 residents according to the latest US Census Bureau American Community Survey data. The median household income is $86,750 per year, which is 15% above the national median of $75,149. The median age of 42.3 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 Erie features a median home value of $147,300, which is 40% below the national median of $244,900. This positions Erie in a moderately priced market relative to the rest of the country. Median monthly rent is $740, 36% below the national average of $1,163/month. Of the 785 total housing units, 72% are owner-occupied (536 units) and 28% are renter-occupied (213 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Erie shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 6.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Erie have an average one-way commute time of 19.3 minutes, one of the shorter commutes in the region.
Education & Demographics
17.4% of Erie 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 0.5% White, 1.7% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 0.2% of the population being foreign-born.
Cost of Living in Erie, IL
Compared to national averages, Erie has a median household income of $86,750 (15% above the national median of $75,149). Home values average $147,300, which is 40% below the national median. Monthly rent at $740 is 36% below the US average of $1,163. Within Illinois, Erie's income is 16% above the state average of $75,072, and home values are 11% below the state median of $165,779.
Why Live in Erie, IL?
Erie offers a strong local economy with a median household income of $86,750, well above the national average, and affordable housing with a median home value of $147,300, below the US average of $244,900, and rent that’s lower than the national average at $740/month. Additionally, the city features a low poverty rate of 6.0%, better than the national average, and short commute times averaging just 19.3 minutes.
Erie has a population of 1,658 with a median age of 42.3 years. Compare Erie with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Erie
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Roodhouse | 1,662 | $51,667 | $70,300 | Compare |
| Bement | 1,664 | $79,583 | $101,200 | Compare |
| North Pekin | 1,647 | $79,730 | $118,100 | Compare |
| The Galena Territory | 1,644 | $112,386 | $311,000 | Compare |
| Manito | 1,640 | $67,772 | $117,500 | Compare |
| Greenup | 1,678 | $48,516 | $90,900 | Compare |
| Hillcrest | 1,679 | $77,609 | $151,900 | Compare |
| Venice | 1,682 | $34,609 | $54,000 | 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.
Compare Erie With Other Cities
Frequently Asked Questions about Erie
What is the population of Erie, IL?
The population of Erie, IL is 1,658 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Erie?
The median household income in Erie, IL is $86,750 per year, which is 15% above the national median of $75,149.
What is the median home value in Erie?
The median home value in Erie, IL is $147,300, which is 40% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Erie?
The median monthly rent in Erie, IL is $740, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Erie?
The unemployment rate in Erie, IL is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Erie, IL a good place to live?
Erie offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,658 and a median age of 42.3, the city appeals to a broad range of residents.
How educated is Erie, IL?
17.4% of residents in Erie 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 Erie?
Key cost-of-living indicators for Erie, IL: median home value is $147,300 (40% below national), median rent is $740/month, and median household income is $86,750. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Erie?
The poverty rate in Erie, IL is 6.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Erie, IL?
Erie's population is 0.5% White, 1.7% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 0.2% two or more races. 0.2% of residents are foreign-born.