Farmersville, IL
Population 756 · Illinois
About Farmersville, IL
Farmersville is a small community located in Illinois with a population of 756 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,297 per year, which is 21% below the national median of $75,149. The median age of 36.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Farmersville features a median home value of $113,500, which is 54% below the national median of $244,900. This makes Farmersville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $773, 34% below the national average of $1,163/month. Of the 385 total housing units, 75% are owner-occupied (257 units) and 25% are renter-occupied (85 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Farmersville shows an unemployment rate of 1.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.0%, above the national average of 12.4%. Workers in Farmersville have an average one-way commute time of 25.5 minutes.
Education & Demographics
32.5% of Farmersville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 15.1% White, 2.4% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 2.6% of the population being foreign-born.
Cost of Living in Farmersville, IL
Compared to national averages, Farmersville has a median household income of $59,297 (21% below the national median of $75,149). Home values average $113,500, which is 54% below the national median. Monthly rent at $773 is 34% below the US average of $1,163. Within Illinois, Farmersville's income is 21% below the state average of $75,072, and home values are 32% below the state median of $165,779.
Why Live in Farmersville, IL?
Farmersville offers affordable housing with a median home value of $113,500, below the US average of $244,900, and rent that’s lower than the national average at $773/month, and a strong job market with an unemployment rate of just 1.6%.
Potential considerations include median household income ($59,297) that falls below the national average. However, Farmersville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farmersville has a population of 756 with a median age of 36.3 years. Compare Farmersville with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Farmersville
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mound City | 756 | $39,808 | $43,900 | Compare |
| Shabbona | 756 | $75,375 | $180,400 | Compare |
| Golconda | 755 | $41,250 | $85,000 | Compare |
| Junction City | 753 | $53,333 | $71,300 | Compare |
| Union | 753 | $100,104 | $224,600 | Compare |
| Ashmore | 750 | $57,361 | $87,100 | Compare |
| Tiskilwa | 762 | $60,750 | $88,300 | Compare |
| Crossville | 749 | $40,682 | $61,300 | 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.
Compare Farmersville With Other Cities
Frequently Asked Questions about Farmersville
What is the population of Farmersville, IL?
The population of Farmersville, IL is 756 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 Farmersville?
The median household income in Farmersville, IL is $59,297 per year, which is 21% below the national median of $75,149.
What is the median home value in Farmersville?
The median home value in Farmersville, IL is $113,500, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Farmersville?
The median monthly rent in Farmersville, IL is $773, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Farmersville?
The unemployment rate in Farmersville, IL is 1.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Farmersville, IL a good place to live?
Farmersville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 756 and a median age of 36.3, the city appeals to a broad range of residents.
How educated is Farmersville, IL?
32.5% of residents in Farmersville 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 Farmersville?
Key cost-of-living indicators for Farmersville, IL: median home value is $113,500 (54% below national), median rent is $773/month, and median household income is $59,297. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Farmersville?
The poverty rate in Farmersville, IL is 14.0%, 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 Farmersville, IL?
Farmersville's population is 15.1% White, 2.4% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 0.0% two or more races. 2.6% of residents are foreign-born.