Jerome, IL
Population 1,910 · Illinois
About Jerome, IL
Jerome is a small town located in Illinois with a population of 1,910 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,777 per year, which is 26% below the national median of $75,149. The median age of 34.6 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 Jerome features a median home value of $116,700, which is 52% below the national median of $244,900. This makes Jerome one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $954, 18% below the national average of $1,163/month. Of the 1,026 total housing units, 69% are owner-occupied (673 units) and 31% are renter-occupied (298 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Jerome shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Jerome have an average one-way commute time of 16.7 minutes, one of the shorter commutes in the region.
Education & Demographics
32.1% of Jerome residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.1% White, 0.1% Hispanic or Latino, 0.0% Black or African American, and 1.3% Asian residents, with 5.1% of the population being foreign-born.
Cost of Living in Jerome, IL
Compared to national averages, Jerome has a median household income of $55,777 (26% below the national median of $75,149). Home values average $116,700, which is 52% below the national median. Monthly rent at $954 is 18% below the US average of $1,163. Within Illinois, Jerome's income is 26% below the state average of $75,072, and home values are 30% below the state median of $165,779.
Why Live in Jerome, IL?
Jerome offers affordable housing with a median home value of $116,700, below the US average of $244,900, and rent that’s lower than the national average at $954/month, and a strong job market with an unemployment rate of just 2.7%. Additionally, the city features a low poverty rate of 4.9%, better than the national average, and short commute times averaging just 16.7 minutes.
Potential considerations include median household income ($55,777) that falls below the national average. However, Jerome’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Jerome has a population of 1,910 with a median age of 34.6 years. Compare Jerome with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Jerome
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Minonk | 1,909 | $62,000 | $120,600 | Compare |
| Jonesboro | 1,912 | $58,309 | $114,400 | Compare |
| Knollwood | 1,907 | $133,452 | $372,500 | Compare |
| Sesser | 1,919 | $52,326 | $79,800 | Compare |
| Princeville | 1,932 | $81,944 | $162,000 | Compare |
| New Athens | 1,937 | $61,477 | $118,100 | Compare |
| Maple Park | 1,939 | $106,250 | $265,000 | Compare |
| Thornton | 1,876 | $61,111 | $146,600 | 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.
Compare Jerome With Other Cities
Frequently Asked Questions about Jerome
What is the population of Jerome, IL?
The population of Jerome, IL is 1,910 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Jerome?
The median household income in Jerome, IL is $55,777 per year, which is 26% below the national median of $75,149.
What is the median home value in Jerome?
The median home value in Jerome, IL is $116,700, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Jerome?
The median monthly rent in Jerome, IL is $954, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Jerome?
The unemployment rate in Jerome, IL is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Jerome, IL a good place to live?
Jerome offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,910 and a median age of 34.6, the city appeals to young professionals and families.
How educated is Jerome, IL?
32.1% of residents in Jerome 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 Jerome?
Key cost-of-living indicators for Jerome, IL: median home value is $116,700 (52% below national), median rent is $954/month, and median household income is $55,777. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Jerome?
The poverty rate in Jerome, IL is 4.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Jerome, IL?
Jerome's population is 2.1% White, 0.1% Hispanic or Latino, 0.0% Black or African American, 1.3% Asian, and 3.8% two or more races. 5.1% of residents are foreign-born.