Gilman, IL
Population 1,576 · Illinois
About Gilman, IL
Gilman is a small town located in Illinois with a population of 1,576 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,729 per year, which is 13% below the national median of $75,149. The median age of 43.8 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 Gilman features a median home value of $108,900, which is 56% below the national median of $244,900. This makes Gilman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $702, 40% below the national average of $1,163/month. Of the 771 total housing units, 78% are owner-occupied (520 units) and 22% are renter-occupied (143 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gilman shows an unemployment rate of 5.4%, which is near the national rate of 3.7%. The poverty rate stands at 7.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Gilman have an average one-way commute time of 26.5 minutes.
Education & Demographics
14.2% of Gilman 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 21.8% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 2.6% Asian residents, with 11.5% of the population being foreign-born.
Cost of Living in Gilman, IL
Compared to national averages, Gilman has a median household income of $65,729 (13% below the national median of $75,149). Home values average $108,900, which is 56% below the national median. Monthly rent at $702 is 40% below the US average of $1,163. Within Illinois, Gilman's income is 12% below the state average of $75,072, and home values are 34% below the state median of $165,779.
Why Live in Gilman, IL?
Gilman offers affordable housing with a median home value of $108,900, below the US average of $244,900, and rent that’s lower than the national average at $702/month, and a low poverty rate of 7.0%, better than the national average.
Potential considerations include median household income ($65,729) that falls below the national average. However, Gilman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gilman has a population of 1,576 with a median age of 43.8 years. Compare Gilman with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Gilman
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Port Barrington | 1,574 | $144,167 | $361,300 | Compare |
| Ford Heights | 1,587 | $34,323 | $48,000 | Compare |
| Somonauk | 1,592 | $81,731 | $221,500 | Compare |
| Chenoa | 1,559 | $66,625 | $120,700 | Compare |
| De Pue | 1,594 | $56,176 | $63,600 | Compare |
| Leland Grove | 1,595 | $126,944 | $261,500 | Compare |
| Twin Grove | 1,554 | $113,250 | $246,400 | Compare |
| Delavan | 1,600 | $69,038 | $118,400 | 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 Gilman With Other Cities
Frequently Asked Questions about Gilman
What is the population of Gilman, IL?
The population of Gilman, IL is 1,576 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Gilman?
The median household income in Gilman, IL is $65,729 per year, which is 13% below the national median of $75,149.
What is the median home value in Gilman?
The median home value in Gilman, IL is $108,900, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gilman?
The median monthly rent in Gilman, IL is $702, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Gilman?
The unemployment rate in Gilman, IL is 5.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Gilman, IL a good place to live?
Gilman offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,576 and a median age of 43.8, the city appeals to a broad range of residents.
How educated is Gilman, IL?
14.2% of residents in Gilman 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 Gilman?
Key cost-of-living indicators for Gilman, IL: median home value is $108,900 (56% below national), median rent is $702/month, and median household income is $65,729. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gilman?
The poverty rate in Gilman, IL is 7.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Gilman, IL?
Gilman's population is 21.8% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 2.6% Asian, and 0.0% two or more races. 11.5% of residents are foreign-born.