Grafton, IL
Population 723 · Illinois
About Grafton, IL
Grafton is a small community located in Illinois with a population of 723 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,250 per year, which is 24% above the national median of $75,149. The median age of 50.1 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 Grafton features a median home value of $254,700, which is 4% above the national median of $244,900. This positions Grafton in a moderately priced market relative to the rest of the country. Median monthly rent is $617, 47% below the national average of $1,163/month. Of the 470 total housing units, 85% are owner-occupied (241 units) and 15% are renter-occupied (43 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Grafton shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Grafton have an average one-way commute time of 34.5 minutes.
Education & Demographics
32.8% of Grafton 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 1.9% White, 2.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Grafton, IL
Compared to national averages, Grafton has a median household income of $93,250 (24% above the national median of $75,149). Home values average $254,700, which is 4% above the national median. Monthly rent at $617 is 47% below the US average of $1,163. Within Illinois, Grafton's income is 24% above the state average of $75,072, and home values are 54% above the state median of $165,779.
Why Live in Grafton, IL?
Grafton offers a strong local economy with a median household income of $93,250, well above the national average, and rent that’s lower than the national average at $617/month, and a strong job market with an unemployment rate of just 2.5%. Additionally, the city features a low poverty rate of 7.7%, better than the national average.
Grafton has a population of 723 with a median age of 50.1 years. Compare Grafton with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Grafton
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Congerville | 723 | $78,649 | $201,900 | Compare |
| Oak Run | 722 | $120,972 | $280,600 | Compare |
| Tilden | 722 | $45,625 | $72,300 | Compare |
| Schram City | 720 | $51,071 | $86,500 | Compare |
| Alexis | 719 | $79,583 | $89,900 | Compare |
| Lost Nation | 727 | $106,419 | $220,600 | Compare |
| Dalzell | 716 | $74,625 | $159,400 | Compare |
| McLean | 730 | $84,766 | $124,700 | 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.
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Frequently Asked Questions about Grafton
What is the population of Grafton, IL?
The population of Grafton, IL is 723 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 Grafton?
The median household income in Grafton, IL is $93,250 per year, which is 24% above the national median of $75,149.
What is the median home value in Grafton?
The median home value in Grafton, IL is $254,700, which is 4% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Grafton?
The median monthly rent in Grafton, IL is $617, which is 47% below the national average of $1,163/month.
What is the unemployment rate in Grafton?
The unemployment rate in Grafton, IL is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Grafton, IL a good place to live?
Grafton offers above-average incomes, a competitive housing market, and a strong job market. With a population of 723 and a median age of 50.1, the city appeals to established professionals and retirees.
How educated is Grafton, IL?
32.8% of residents in Grafton 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 Grafton?
Key cost-of-living indicators for Grafton, IL: median home value is $254,700 (4% above national), median rent is $617/month, and median household income is $93,250. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Grafton?
The poverty rate in Grafton, IL is 7.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Grafton, IL?
Grafton's population is 1.9% White, 2.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.8% of residents are foreign-born.