Herrick, IL
Population 405 · Illinois
About Herrick, IL
Herrick is a small community located in Illinois with a population of 405 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,750 per year, which is 22% below the national median of $75,149. The median age of 33.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Herrick features a median home value of $70,800, which is 71% below the national median of $244,900. This makes Herrick one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,063, 9% below the national average of $1,163/month. Of the 163 total housing units, 86% are owner-occupied (127 units) and 14% are renter-occupied (21 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Herrick shows an unemployment rate of 14.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Herrick have an average one-way commute time of 35.1 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
13.3% of Herrick 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 3.0% White, 1.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Herrick, IL
Compared to national averages, Herrick has a median household income of $58,750 (22% below the national median of $75,149). Home values average $70,800, which is 71% below the national median. Monthly rent at $1,063 is 9% below the US average of $1,163. Within Illinois, Herrick's income is 22% below the state average of $75,072, and home values are 57% below the state median of $165,779.
Why Live in Herrick, IL?
Herrick offers affordable housing with a median home value of $70,800, below the US average of $244,900, and rent that’s lower than the national average at $1,063/month, and a low poverty rate of 8.6%, better than the national average.
Potential considerations include median household income ($58,750) that falls below the national average. However, Herrick’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Herrick has a population of 405 with a median age of 33.8 years. Compare Herrick with other cities to see how it stacks up, or explore all cities in Illinois.
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Demographics
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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 Herrick
What is the population of Herrick, IL?
The population of Herrick, IL is 405 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 Herrick?
The median household income in Herrick, IL is $58,750 per year, which is 22% below the national median of $75,149.
What is the median home value in Herrick?
The median home value in Herrick, IL is $70,800, which is 71% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Herrick?
The median monthly rent in Herrick, IL is $1,063, which is 9% below the national average of $1,163/month.
What is the unemployment rate in Herrick?
The unemployment rate in Herrick, IL is 14.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Herrick, IL a good place to live?
Herrick offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 405 and a median age of 33.8, the city appeals to young professionals and families.
How educated is Herrick, IL?
13.3% of residents in Herrick 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 Herrick?
Key cost-of-living indicators for Herrick, IL: median home value is $70,800 (71% below national), median rent is $1,063/month, and median household income is $58,750. The home-value-to-income ratio is 1.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Herrick?
The poverty rate in Herrick, IL is 8.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Herrick, IL?
Herrick's population is 3.0% White, 1.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.