Holcomb, IL
Population 175 · Illinois
About Holcomb, IL
Holcomb is a small community located in Illinois with a population of 175 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,250 per year, which is 28% below the national median of $75,149. The median age of 55.4 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 Holcomb features a median home value of $130,500, which is 47% below the national median of $244,900. This makes Holcomb one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $960, 17% below the national average of $1,163/month. Of the 77 total housing units, 85% are owner-occupied (55 units) and 15% are renter-occupied (10 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Holcomb shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 32.3%, above the national average of 12.4%. Workers in Holcomb have an average one-way commute time of 28.3 minutes.
Education & Demographics
8.2% of Holcomb 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 18.3% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 2.9% Asian residents, with 2.9% of the population being foreign-born.
Cost of Living in Holcomb, IL
Compared to national averages, Holcomb has a median household income of $54,250 (28% below the national median of $75,149). Home values average $130,500, which is 47% below the national median. Monthly rent at $960 is 17% below the US average of $1,163. Within Illinois, Holcomb's income is 28% below the state average of $75,072, and home values are 21% below the state median of $165,779.
Why Live in Holcomb, IL?
Holcomb offers affordable housing with a median home value of $130,500, below the US average of $244,900, and rent that’s lower than the national average at $960/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($54,250) that falls below the national average. However, Holcomb’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Holcomb has a population of 175 with a median age of 55.4 years. Compare Holcomb 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 Holcomb
What is the population of Holcomb, IL?
The population of Holcomb, IL is 175 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 Holcomb?
The median household income in Holcomb, IL is $54,250 per year, which is 28% below the national median of $75,149.
What is the median home value in Holcomb?
The median home value in Holcomb, IL is $130,500, which is 47% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Holcomb?
The median monthly rent in Holcomb, IL is $960, which is 17% below the national average of $1,163/month.
What is the unemployment rate in Holcomb?
The unemployment rate in Holcomb, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Holcomb, IL a good place to live?
Holcomb offers a moderate cost of living, affordable housing, and a strong job market. With a population of 175 and a median age of 55.4, the city appeals to established professionals and retirees.
How educated is Holcomb, IL?
8.2% of residents in Holcomb 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 Holcomb?
Key cost-of-living indicators for Holcomb, IL: median home value is $130,500 (47% below national), median rent is $960/month, and median household income is $54,250. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Holcomb?
The poverty rate in Holcomb, IL is 32.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Holcomb, IL?
Holcomb's population is 18.3% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 2.9% Asian, and 0.0% two or more races. 2.9% of residents are foreign-born.