Industry, IL
Population 633 · Illinois
About Industry, IL
Industry is a small community located in Illinois with a population of 633 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,306 per year, which is 28% below the national median of $75,149. The median age of 29 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 Industry features a median home value of $82,000, which is 67% below the national median of $244,900. This makes Industry one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $776, 33% below the national average of $1,163/month. Of the 273 total housing units, 85% are owner-occupied (215 units) and 15% are renter-occupied (38 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Industry shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.0%, above the national average of 12.4%. Workers in Industry have an average one-way commute time of 19.8 minutes, one of the shorter commutes in the region.
Education & Demographics
22.3% of Industry 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 0.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.2% of the population being foreign-born.
Cost of Living in Industry, IL
Compared to national averages, Industry has a median household income of $54,306 (28% below the national median of $75,149). Home values average $82,000, which is 67% below the national median. Monthly rent at $776 is 33% below the US average of $1,163. Within Illinois, Industry's income is 28% below the state average of $75,072, and home values are 51% below the state median of $165,779.
Why Live in Industry, IL?
Industry offers affordable housing with a median home value of $82,000, below the US average of $244,900, and rent that’s lower than the national average at $776/month, and a strong job market with an unemployment rate of just 3.3%. Additionally, the city features short commute times averaging just 19.8 minutes.
Potential considerations include median household income ($54,306) that falls below the national average. However, Industry’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Industry has a population of 633 with a median age of 29 years. Compare Industry with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Industry
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cordova | 633 | $75,588 | $177,400 | Compare |
| New Boston | 632 | $61,563 | $100,700 | Compare |
| Dahlgren | 631 | $47,500 | $68,800 | Compare |
| Coffeen | 630 | $63,125 | $57,300 | Compare |
| Noble | 630 | $43,977 | $54,400 | Compare |
| Yates City | 636 | $61,500 | $94,600 | Compare |
| Sun River Terrace | 637 | $43,393 | $107,100 | Compare |
| Vermont | 629 | $47,115 | $55,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
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 Industry
What is the population of Industry, IL?
The population of Industry, IL is 633 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 Industry?
The median household income in Industry, IL is $54,306 per year, which is 28% below the national median of $75,149.
What is the median home value in Industry?
The median home value in Industry, IL is $82,000, which is 67% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Industry?
The median monthly rent in Industry, IL is $776, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Industry?
The unemployment rate in Industry, IL is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Industry, IL a good place to live?
Industry offers a moderate cost of living, affordable housing, and a strong job market. With a population of 633 and a median age of 29, the city appeals to young professionals and families.
How educated is Industry, IL?
22.3% of residents in Industry 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 Industry?
Key cost-of-living indicators for Industry, IL: median home value is $82,000 (67% below national), median rent is $776/month, and median household income is $54,306. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Industry?
The poverty rate in Industry, IL is 15.0%, 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 Industry, IL?
Industry's population is 0.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.2% of residents are foreign-born.