Hopewell, IL
Population 538 · Illinois
About Hopewell, IL
Hopewell is a small community in Illinois with a population of 538 residents. The median household income is $105,000 per year, which is above the national average. The median age in Hopewell is 46.1 years.
Housing in Hopewell has a median home value of $185,700 and median monthly rent of $0. Of the 201 total housing units, the majority are owner-occupied, with 196 owner-occupied and 0 renter-occupied units.
The unemployment rate in Hopewell is 1.5% and the poverty rate is 2.8%. 35.8% of residents hold a bachelor's degree or higher. The average commute time is 32 minutes.
Cost of Living in Hopewell, IL
Compared to national averages, Hopewell has a median household income of $105,000 (40% above the national median of $75,149). Home values average $185,700, which is 24% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Hopewell's income is 40% above the state average of $75,072, and home values are 12% above the state median of $165,779.
Why Live in Hopewell, IL?
Hopewell offers a strong local economy with a median household income of $105,000, well above the national average, and affordable housing with a median home value of $185,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 1.5%, and a well-educated community where 35.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.8%, better than the national average.
Hopewell has a population of 538 with a median age of 46.1 years. Compare Hopewell 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 Hopewell
What is the population of Hopewell, IL?
The population of Hopewell, IL is 538 according to the latest Census data.
What is the median household income in Hopewell?
The median household income in Hopewell, IL is $105,000 per year.
What is the median home value in Hopewell?
The median home value in Hopewell, IL is $185,700.
What is the average rent in Hopewell?
The median monthly rent in Hopewell, IL is $0.
What is the unemployment rate in Hopewell?
The unemployment rate in Hopewell, IL is 1.5%.