Grand Tower, IL
Population 551 · Illinois
About Grand Tower, IL
Grand Tower is a small community in Illinois with a population of 551 residents. The median household income is $59,375 per year, which is near the national average. The median age in Grand Tower is 24.1 years.
Housing in Grand Tower has a median home value of $24,500 and median monthly rent of $700. Of the 245 total housing units, the majority are owner-occupied, with 129 owner-occupied and 72 renter-occupied units.
The unemployment rate in Grand Tower is 10.6% and the poverty rate is 22.2%. 2.6% of residents hold a bachelor's degree or higher. The average commute time is 40.5 minutes.
How Grand Tower Ranks in Illinois
Cost of Living in Grand Tower, IL
Compared to national averages, Grand Tower has a median household income of $59,375 (21% below the national median of $75,149). Home values average $24,500, which is 90% below the national median. Monthly rent at $700 is 40% below the US average of $1,163. Within Illinois, Grand Tower's income is 21% below the state average of $75,072, and home values are 85% below the state median of $165,779.
Why Live in Grand Tower, IL?
Grand Tower offers affordable housing with a median home value of $24,500, below the US average of $244,900, and rent that’s lower than the national average at $700/month.
Potential considerations include median household income ($59,375) that falls below the national average. However, Grand Tower’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Grand Tower has a population of 551 with a median age of 24.1 years. Compare Grand Tower with other cities to see how it stacks up, or explore all cities in Illinois.
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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 Grand Tower
What is the population of Grand Tower, IL?
The population of Grand Tower, IL is 551 according to the latest Census data.
What is the median household income in Grand Tower?
The median household income in Grand Tower, IL is $59,375 per year.
What is the median home value in Grand Tower?
The median home value in Grand Tower, IL is $24,500.
What is the average rent in Grand Tower?
The median monthly rent in Grand Tower, IL is $700.
What is the unemployment rate in Grand Tower?
The unemployment rate in Grand Tower, IL is 10.6%.