Ipava, IL
Population 510 · Illinois
About Ipava, IL
Ipava is a small community located in Illinois with a population of 510 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,500 per year, which is 43% below the national median of $75,149. The median age of 33.9 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 Ipava features a median home value of $58,200, which is 76% below the national median of $244,900. This makes Ipava one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $956, 18% below the national average of $1,163/month. Of the 224 total housing units, 72% are owner-occupied (146 units) and 28% are renter-occupied (58 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Ipava shows an unemployment rate of 12.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 26.6%, above the national average of 12.4%. Workers in Ipava have an average one-way commute time of 32.7 minutes.
Education & Demographics
13.1% of Ipava 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 0.2% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Ipava, IL
Compared to national averages, Ipava has a median household income of $42,500 (43% below the national median of $75,149). Home values average $58,200, which is 76% below the national median. Monthly rent at $956 is 18% below the US average of $1,163. Within Illinois, Ipava's income is 43% below the state average of $75,072, and home values are 65% below the state median of $165,779.
Why Live in Ipava, IL?
Ipava offers affordable housing with a median home value of $58,200, below the US average of $244,900, and rent that’s lower than the national average at $956/month.
Potential considerations include median household income ($42,500) that falls below the national average. However, Ipava’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ipava has a population of 510 with a median age of 33.9 years. Compare Ipava 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 Ipava
What is the population of Ipava, IL?
The population of Ipava, IL is 510 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 Ipava?
The median household income in Ipava, IL is $42,500 per year, which is 43% below the national median of $75,149.
What is the median home value in Ipava?
The median home value in Ipava, IL is $58,200, which is 76% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ipava?
The median monthly rent in Ipava, IL is $956, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Ipava?
The unemployment rate in Ipava, IL is 12.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Ipava, IL a good place to live?
Ipava offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 510 and a median age of 33.9, the city appeals to young professionals and families.
How educated is Ipava, IL?
13.1% of residents in Ipava 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 Ipava?
Key cost-of-living indicators for Ipava, IL: median home value is $58,200 (76% below national), median rent is $956/month, and median household income is $42,500. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Ipava?
The poverty rate in Ipava, IL is 26.6%, 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 Ipava, IL?
Ipava's population is 0.2% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.