Garrett, IL
Population 92 · Illinois
About Garrett, IL
Garrett is a small community located in Illinois with a population of 92 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,214 per year, which is 9% below the national median of $75,149. The median age of 51.5 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 Garrett features a median home value of $95,000, which is 61% below the national median of $244,900. This makes Garrett one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $770, 34% below the national average of $1,163/month. Of the 79 total housing units, 87% are owner-occupied (52 units) and 13% are renter-occupied (8 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Garrett shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.2%, above the national average of 12.4%. Workers in Garrett have an average one-way commute time of 17.4 minutes, one of the shorter commutes in the region.
Education & Demographics
2.4% of Garrett 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 2.2% White, 1.1% Hispanic or Latino, 18.5% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Garrett, IL
Compared to national averages, Garrett has a median household income of $68,214 (9% below the national median of $75,149). Home values average $95,000, which is 61% below the national median. Monthly rent at $770 is 34% below the US average of $1,163. Within Illinois, Garrett's income is 9% below the state average of $75,072, and home values are 43% below the state median of $165,779.
Why Live in Garrett, IL?
Garrett offers affordable housing with a median home value of $95,000, below the US average of $244,900, and rent that’s lower than the national average at $770/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 17.4 minutes.
Potential considerations include median household income ($68,214) that falls below the national average. However, Garrett’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Garrett has a population of 92 with a median age of 51.5 years. Compare Garrett with other cities to see how it stacks up, or explore all cities in Illinois.
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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 Garrett
What is the population of Garrett, IL?
The population of Garrett, IL is 92 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 Garrett?
The median household income in Garrett, IL is $68,214 per year, which is 9% below the national median of $75,149.
What is the median home value in Garrett?
The median home value in Garrett, IL is $95,000, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Garrett?
The median monthly rent in Garrett, IL is $770, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Garrett?
The unemployment rate in Garrett, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Garrett, IL a good place to live?
Garrett offers a moderate cost of living, affordable housing, and a strong job market. With a population of 92 and a median age of 51.5, the city appeals to established professionals and retirees.
How educated is Garrett, IL?
2.4% of residents in Garrett 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 Garrett?
Key cost-of-living indicators for Garrett, IL: median home value is $95,000 (61% below national), median rent is $770/month, and median household income is $68,214. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Garrett?
The poverty rate in Garrett, IL is 15.2%, 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 Garrett, IL?
Garrett's population is 2.2% White, 1.1% Hispanic or Latino, 18.5% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.