Farina, IL
Population 606 · Illinois
About Farina, IL
Farina is a small community located in Illinois with a population of 606 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,098 per year, which is 44% below the national median of $75,149. The median age of 41.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Farina features a median home value of $71,400, which is 71% below the national median of $244,900. This makes Farina one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $722, 38% below the national average of $1,163/month. Of the 234 total housing units, 83% are owner-occupied (176 units) and 17% are renter-occupied (35 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Farina shows an unemployment rate of 9.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.5%, above the national average of 12.4%. Workers in Farina have an average one-way commute time of 31.3 minutes.
Education & Demographics
9.1% of Farina 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 1.0% White, 3.0% 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 Farina, IL
Compared to national averages, Farina has a median household income of $42,098 (44% below the national median of $75,149). Home values average $71,400, which is 71% below the national median. Monthly rent at $722 is 38% below the US average of $1,163. Within Illinois, Farina's income is 44% below the state average of $75,072, and home values are 57% below the state median of $165,779.
Why Live in Farina, IL?
Farina offers affordable housing with a median home value of $71,400, below the US average of $244,900, and rent that’s lower than the national average at $722/month.
Potential considerations include median household income ($42,098) that falls below the national average. However, Farina’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farina has a population of 606 with a median age of 41.5 years. Compare Farina with other cities to see how it stacks up, or explore all cities in Illinois.
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Demographics
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Economy & Education
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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 Farina
What is the population of Farina, IL?
The population of Farina, IL is 606 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 Farina?
The median household income in Farina, IL is $42,098 per year, which is 44% below the national median of $75,149.
What is the median home value in Farina?
The median home value in Farina, IL is $71,400, which is 71% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Farina?
The median monthly rent in Farina, IL is $722, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Farina?
The unemployment rate in Farina, IL is 9.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Farina, IL a good place to live?
Farina offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 606 and a median age of 41.5, the city appeals to a broad range of residents.
How educated is Farina, IL?
9.1% of residents in Farina 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 Farina?
Key cost-of-living indicators for Farina, IL: median home value is $71,400 (71% below national), median rent is $722/month, and median household income is $42,098. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Farina?
The poverty rate in Farina, IL is 16.5%, 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 Farina, IL?
Farina's population is 1.0% White, 3.0% 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.