Iola, IL
Population 71 · Illinois
About Iola, IL
Iola is a small community in Illinois with a population of 71 residents. The median household income is $45,000 per year, which is below the national average. The median age in Iola is 57.3 years.
Housing in Iola has a median home value of $71,700 and median monthly rent of $0. Of the 38 total housing units, the majority are owner-occupied, with 29 owner-occupied and 7 renter-occupied units.
The unemployment rate in Iola is 0.0% and the poverty rate is 15.5%. 5.2% of residents hold a bachelor's degree or higher. The average commute time is 28.4 minutes.
Cost of Living in Iola, IL
Compared to national averages, Iola has a median household income of $45,000 (40% below the national median of $75,149). Home values average $71,700, which is 71% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Iola's income is 40% below the state average of $75,072, and home values are 57% below the state median of $165,779.
Why Live in Iola, IL?
Iola offers affordable housing with a median home value of $71,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($45,000) that falls below the national average. However, Iola’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Iola has a population of 71 with a median age of 57.3 years. Compare Iola 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 Iola
What is the population of Iola, IL?
The population of Iola, IL is 71 according to the latest Census data.
What is the median household income in Iola?
The median household income in Iola, IL is $45,000 per year.
What is the median home value in Iola?
The median home value in Iola, IL is $71,700.
What is the average rent in Iola?
The median monthly rent in Iola, IL is $0.
What is the unemployment rate in Iola?
The unemployment rate in Iola, IL is 0.0%.