Knoxville, IL
Population 3,137 · Illinois
About Knoxville, IL
Knoxville is a small town located in Illinois with a population of 3,137 residents according to the latest US Census Bureau American Community Survey data. The median household income is $80,385 per year, which is 7% above the national median of $75,149. The median age of 43.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Knoxville features a median home value of $139,900, which is 43% below the national median of $244,900. This makes Knoxville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $675, 42% below the national average of $1,163/month. Of the 1,355 total housing units, 85% are owner-occupied (1,072 units) and 15% are renter-occupied (192 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Knoxville shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 6.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Knoxville have an average one-way commute time of 19.3 minutes, one of the shorter commutes in the region.
Education & Demographics
24.1% of Knoxville 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 0.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Knoxville, IL
Compared to national averages, Knoxville has a median household income of $80,385 (7% above the national median of $75,149). Home values average $139,900, which is 43% below the national median. Monthly rent at $675 is 42% below the US average of $1,163. Within Illinois, Knoxville's income is 7% above the state average of $75,072, and home values are 16% below the state median of $165,779.
Why Live in Knoxville, IL?
Knoxville offers a strong local economy with a median household income of $80,385, well above the national average, and affordable housing with a median home value of $139,900, below the US average of $244,900, and rent that’s lower than the national average at $675/month. Additionally, the city features a low poverty rate of 6.6%, better than the national average, and short commute times averaging just 19.3 minutes.
Knoxville has a population of 3,137 with a median age of 43.3 years. Compare Knoxville with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Knoxville
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Carlyle | 3,134 | $67,083 | $151,900 | Compare |
| East Dundee | 3,156 | $87,102 | $260,000 | Compare |
| Gillespie | 3,118 | $76,806 | $89,500 | Compare |
| North Barrington | 3,113 | $216,250 | $690,900 | Compare |
| Holiday Shores | 3,162 | $98,265 | $231,300 | Compare |
| Sleepy Hollow | 3,165 | $147,407 | $365,200 | Compare |
| Virden | 3,165 | $78,750 | $98,800 | Compare |
| Georgetown | 3,105 | $56,781 | $70,500 | 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.
Compare Knoxville With Other Cities
Frequently Asked Questions about Knoxville
What is the population of Knoxville, IL?
The population of Knoxville, IL is 3,137 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 Knoxville?
The median household income in Knoxville, IL is $80,385 per year, which is 7% above the national median of $75,149.
What is the median home value in Knoxville?
The median home value in Knoxville, IL is $139,900, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Knoxville?
The median monthly rent in Knoxville, IL is $675, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Knoxville?
The unemployment rate in Knoxville, IL is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Knoxville, IL a good place to live?
Knoxville offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 3,137 and a median age of 43.3, the city appeals to a broad range of residents.
How educated is Knoxville, IL?
24.1% of residents in Knoxville 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 Knoxville?
Key cost-of-living indicators for Knoxville, IL: median home value is $139,900 (43% below national), median rent is $675/month, and median household income is $80,385. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Knoxville?
The poverty rate in Knoxville, IL is 6.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Knoxville, IL?
Knoxville's population is 0.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.3% two or more races. 1.1% of residents are foreign-born.