Farmer City, IL
Population 2,001 · Illinois
About Farmer City, IL
Farmer City is a small community in Illinois with a population of 2,001 residents. The median household income is $73,147 per year, which is above the national average. The median age in Farmer City is 40.9 years.
Housing in Farmer City has a median home value of $128,900 and median monthly rent of $500. Of the 862 total housing units, the majority are owner-occupied, with 656 owner-occupied and 113 renter-occupied units.
The unemployment rate in Farmer City is 7.8% and the poverty rate is 9.1%. 15.8% of residents hold a bachelor's degree or higher. The average commute time is 24.5 minutes.
How Farmer City Ranks in Illinois
Cost of Living in Farmer City, IL
Compared to national averages, Farmer City has a median household income of $73,147 (3% below the national median of $75,149). Home values average $128,900, which is 47% below the national median. Monthly rent at $500 is 57% below the US average of $1,163. Within Illinois, Farmer City's income is 3% below the state average of $75,072, and home values are 22% below the state median of $165,779.
Why Live in Farmer City, IL?
Farmer City offers affordable housing with a median home value of $128,900, below the US average of $244,900, and rent that’s lower than the national average at $500/month, and a low poverty rate of 9.1%, better than the national average. Additionally, the city features short commute times averaging just 24.5 minutes.
Potential considerations include median household income ($73,147) that falls below the national average. However, Farmer City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farmer City has a population of 2,001 with a median age of 40.9 years. Compare Farmer City with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Farmer City
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Prairie Grove | 1,992 | $138,229 | $439,100 | Compare |
| Farmington | 1,990 | $64,313 | $99,300 | Compare |
| Channel Lake | 1,988 | $63,958 | $210,400 | Compare |
| Earlville | 2,015 | $62,763 | $127,300 | Compare |
| Roanoke | 1,987 | $74,141 | $139,800 | Compare |
| Mount Olive | 1,979 | $55,139 | $96,600 | Compare |
| Arthur | 2,024 | $52,115 | $146,200 | Compare |
| Lake of the Woods | 1,976 | $69,054 | $194,300 | 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 Farmer City
What is the population of Farmer City, IL?
The population of Farmer City, IL is 2,001 according to the latest Census data.
What is the median household income in Farmer City?
The median household income in Farmer City, IL is $73,147 per year.
What is the median home value in Farmer City?
The median home value in Farmer City, IL is $128,900.
What is the average rent in Farmer City?
The median monthly rent in Farmer City, IL is $500.
What is the unemployment rate in Farmer City?
The unemployment rate in Farmer City, IL is 7.8%.