Grafton, IL
Population 723 · Illinois
About Grafton, IL
Grafton is a small community in Illinois with a population of 723 residents. The median household income is $93,250 per year, which is above the national average. The median age in Grafton is 50.1 years.
Housing in Grafton has a median home value of $254,700 and median monthly rent of $617. Of the 470 total housing units, the majority are owner-occupied, with 241 owner-occupied and 43 renter-occupied units.
The unemployment rate in Grafton is 2.5% and the poverty rate is 7.7%. 32.8% of residents hold a bachelor's degree or higher. The average commute time is 34.5 minutes.
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 Census data.
What is the median household income in Grafton?
The median household income in Grafton, IL is $93,250 per year.
What is the median home value in Grafton?
The median home value in Grafton, IL is $254,700.
What is the average rent in Grafton?
The median monthly rent in Grafton, IL is $617.
What is the unemployment rate in Grafton?
The unemployment rate in Grafton, IL is 2.5%.