Liberty, IL
Population 423 · Illinois
About Liberty, IL
Liberty is a small community in Illinois with a population of 423 residents. The median household income is $85,417 per year, which is above the national average. The median age in Liberty is 36.3 years.
Housing in Liberty has a median home value of $124,000 and median monthly rent of $1,036. Of the 151 total housing units, the majority are owner-occupied, with 121 owner-occupied and 24 renter-occupied units.
The unemployment rate in Liberty is 0.9% and the poverty rate is 4.3%. 19.4% of residents hold a bachelor's degree or higher. The average commute time is 25.2 minutes.
How Liberty Ranks in Illinois
Cost of Living in Liberty, IL
Compared to national averages, Liberty has a median household income of $85,417 (14% above the national median of $75,149). Home values average $124,000, which is 49% below the national median. Monthly rent at $1,036 is 11% below the US average of $1,163. Within Illinois, Liberty's income is 14% above the state average of $75,072, and home values are 25% below the state median of $165,779.
Why Live in Liberty, IL?
Liberty offers a strong local economy with a median household income of $85,417, well above the national average, and affordable housing with a median home value of $124,000, below the US average of $244,900, and rent that’s lower than the national average at $1,036/month. Additionally, the city features a strong job market with an unemployment rate of just 0.9%, and a low poverty rate of 4.3%, better than the national average.
Liberty has a population of 423 with a median age of 36.3 years. Compare Liberty 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 Liberty
What is the population of Liberty, IL?
The population of Liberty, IL is 423 according to the latest Census data.
What is the median household income in Liberty?
The median household income in Liberty, IL is $85,417 per year.
What is the median home value in Liberty?
The median home value in Liberty, IL is $124,000.
What is the average rent in Liberty?
The median monthly rent in Liberty, IL is $1,036.
What is the unemployment rate in Liberty?
The unemployment rate in Liberty, IL is 0.9%.