Gifford, IL
Population 816 · Illinois
About Gifford, IL
Gifford is a small community located in Illinois with a population of 816 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,875 per year, which is 2% above the national median of $75,149. The median age of 52.6 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 Gifford features a median home value of $170,500, which is 30% below the national median of $244,900. This positions Gifford in a moderately priced market relative to the rest of the country. Median monthly rent is $742, 36% below the national average of $1,163/month. Of the 366 total housing units, 93% are owner-occupied (323 units) and 7% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gifford shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Gifford have an average one-way commute time of 24.3 minutes.
Education & Demographics
19.2% of Gifford 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 0.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Gifford, IL
Compared to national averages, Gifford has a median household income of $76,875 (2% above the national median of $75,149). Home values average $170,500, which is 30% below the national median. Monthly rent at $742 is 36% below the US average of $1,163. Within Illinois, Gifford's income is 2% above the state average of $75,072, and home values are 3% above the state median of $165,779.
Why Live in Gifford, IL?
Gifford offers a strong local economy with a median household income of $76,875, well above the national average, and affordable housing with a median home value of $170,500, below the US average of $244,900, and rent that’s lower than the national average at $742/month. Additionally, the city features a strong job market with an unemployment rate of just 2.1%, and a low poverty rate of 4.4%, better than the national average, and short commute times averaging just 24.3 minutes.
Gifford has a population of 816 with a median age of 52.6 years. Compare Gifford with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Gifford
What is the population of Gifford, IL?
The population of Gifford, IL is 816 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 Gifford?
The median household income in Gifford, IL is $76,875 per year, which is 2% above the national median of $75,149.
What is the median home value in Gifford?
The median home value in Gifford, IL is $170,500, which is 30% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gifford?
The median monthly rent in Gifford, IL is $742, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Gifford?
The unemployment rate in Gifford, IL is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Gifford, IL a good place to live?
Gifford offers above-average incomes, affordable housing, and a strong job market. With a population of 816 and a median age of 52.6, the city appeals to established professionals and retirees.
How educated is Gifford, IL?
19.2% of residents in Gifford 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 Gifford?
Key cost-of-living indicators for Gifford, IL: median home value is $170,500 (30% below national), median rent is $742/month, and median household income is $76,875. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gifford?
The poverty rate in Gifford, IL is 4.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Gifford, IL?
Gifford's population is 0.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 0.0% two or more races. 0.4% of residents are foreign-born.