Grantfork, IL
Population 468 · Illinois
About Grantfork, IL
Grantfork is a small community located in Illinois with a population of 468 residents according to the latest US Census Bureau American Community Survey data. The median household income is $103,750 per year, which is 38% above the national median of $75,149. The median age of 36.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Grantfork features a median home value of $195,500, which is 20% below the national median of $244,900. This positions Grantfork in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 185 total housing units, 98% are owner-occupied (176 units) and 2% are renter-occupied (3 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Grantfork shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 2.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Grantfork have an average one-way commute time of 26.4 minutes.
Education & Demographics
45.4% of Grantfork residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.9% of the population being foreign-born.
Cost of Living in Grantfork, IL
Compared to national averages, Grantfork has a median household income of $103,750 (38% above the national median of $75,149). Home values average $195,500, which is 20% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Grantfork's income is 38% above the state average of $75,072, and home values are 18% above the state median of $165,779.
Why Live in Grantfork, IL?
Grantfork offers a strong local economy with a median household income of $103,750, well above the national average, and affordable housing with a median home value of $195,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a well-educated community where 45.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.1%, better than the national average.
Grantfork has a population of 468 with a median age of 36.7 years. Compare Grantfork with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Grantfork
What is the population of Grantfork, IL?
The population of Grantfork, IL is 468 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 Grantfork?
The median household income in Grantfork, IL is $103,750 per year, which is 38% above the national median of $75,149.
What is the median home value in Grantfork?
The median home value in Grantfork, IL is $195,500, which is 20% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Grantfork?
The median monthly rent in Grantfork, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Grantfork?
The unemployment rate in Grantfork, IL is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Grantfork, IL a good place to live?
Grantfork offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 468 and a median age of 36.7, the city appeals to a broad range of residents.
How educated is Grantfork, IL?
45.4% of residents in Grantfork aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Grantfork?
Key cost-of-living indicators for Grantfork, IL: median home value is $195,500 (20% below national), median rent is $0/month, and median household income is $103,750. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Grantfork?
The poverty rate in Grantfork, IL is 2.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Grantfork, IL?
Grantfork's population is 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.9% of residents are foreign-born.