Golconda, IL
Population 755 · Illinois
About Golconda, IL
Golconda is a small community located in Illinois with a population of 755 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,250 per year, which is 45% below the national median of $75,149. The median age of 58.4 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 Golconda features a median home value of $85,000, which is 65% below the national median of $244,900. This makes Golconda one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $383, 67% below the national average of $1,163/month. Of the 329 total housing units, 57% are owner-occupied (143 units) and 43% are renter-occupied (110 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Golconda shows an unemployment rate of 13.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 33.4%, above the national average of 12.4%. Workers in Golconda have an average one-way commute time of 18.1 minutes, one of the shorter commutes in the region.
Education & Demographics
12.7% of Golconda 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 0.8% White, 4.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
How Golconda Ranks in Illinois
Cost of Living in Golconda, IL
Compared to national averages, Golconda has a median household income of $41,250 (45% below the national median of $75,149). Home values average $85,000, which is 65% below the national median. Monthly rent at $383 is 67% below the US average of $1,163. Within Illinois, Golconda's income is 45% below the state average of $75,072, and home values are 49% below the state median of $165,779.
Why Live in Golconda, IL?
Golconda offers affordable housing with a median home value of $85,000, below the US average of $244,900, and rent that’s lower than the national average at $383/month, and short commute times averaging just 18.1 minutes.
Potential considerations include median household income ($41,250) that falls below the national average. However, Golconda’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Golconda has a population of 755 with a median age of 58.4 years. Compare Golconda with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Golconda
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Farmersville | 756 | $59,297 | $113,500 | Compare |
| Mound City | 756 | $39,808 | $43,900 | Compare |
| Shabbona | 756 | $75,375 | $180,400 | Compare |
| Junction City | 753 | $53,333 | $71,300 | Compare |
| Union | 753 | $100,104 | $224,600 | Compare |
| Ashmore | 750 | $57,361 | $87,100 | Compare |
| Crossville | 749 | $40,682 | $61,300 | Compare |
| Mechanicsburg | 748 | $77,422 | $206,300 | 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 Golconda With Other Cities
Frequently Asked Questions about Golconda
What is the population of Golconda, IL?
The population of Golconda, IL is 755 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 Golconda?
The median household income in Golconda, IL is $41,250 per year, which is 45% below the national median of $75,149.
What is the median home value in Golconda?
The median home value in Golconda, IL is $85,000, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Golconda?
The median monthly rent in Golconda, IL is $383, which is 67% below the national average of $1,163/month.
What is the unemployment rate in Golconda?
The unemployment rate in Golconda, IL is 13.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Golconda, IL a good place to live?
Golconda offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 755 and a median age of 58.4, the city appeals to established professionals and retirees.
How educated is Golconda, IL?
12.7% of residents in Golconda 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 Golconda?
Key cost-of-living indicators for Golconda, IL: median home value is $85,000 (65% below national), median rent is $383/month, and median household income is $41,250. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Golconda?
The poverty rate in Golconda, IL is 33.4%, 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 Golconda, IL?
Golconda's population is 0.8% White, 4.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 13.2% two or more races. 1.1% of residents are foreign-born.