Lincoln, IL
Population 13,406 · Illinois
About Lincoln, IL
Lincoln is a mid-sized city located in Illinois with a population of 13,406 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,390 per year, which is 28% below the national median of $75,149. The median age of 38.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lincoln features a median home value of $111,600, which is 54% below the national median of $244,900. This makes Lincoln one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $804, 31% below the national average of $1,163/month. Of the 6,297 total housing units, 58% are owner-occupied (3,467 units) and 42% are renter-occupied (2,505 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lincoln shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 18.2%, above the national average of 12.4%. Workers in Lincoln have an average one-way commute time of 18.9 minutes, one of the shorter commutes in the region.
Education & Demographics
18.2% of Lincoln 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 1.4% White, 0.6% Hispanic or Latino, 0.2% Black or African American, and 0.7% Asian residents, with 1.6% of the population being foreign-born.
Cost of Living in Lincoln, IL
Compared to national averages, Lincoln has a median household income of $54,390 (28% below the national median of $75,149). Home values average $111,600, which is 54% below the national median. Monthly rent at $804 is 31% below the US average of $1,163. Within Illinois, Lincoln's income is 28% below the state average of $75,072, and home values are 33% below the state median of $165,779.
Why Live in Lincoln, IL?
Lincoln offers affordable housing with a median home value of $111,600, below the US average of $244,900, and rent that’s lower than the national average at $804/month, and short commute times averaging just 18.9 minutes.
Potential considerations include median household income ($54,390) that falls below the national average. However, Lincoln’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lincoln has a population of 13,406 with a median age of 38.4 years. Compare Lincoln with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lincoln
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Canton | 13,408 | $54,881 | $106,900 | Compare |
| Western Springs | 13,353 | $218,839 | $691,300 | Compare |
| Hazel Crest | 13,493 | $62,773 | $181,400 | Compare |
| Glen Carbon | 13,521 | $92,434 | $278,200 | Compare |
| La Grange Park | 13,227 | $119,115 | $427,800 | Compare |
| Lincolnwood | 13,179 | $107,950 | $475,400 | Compare |
| Channahon | 13,854 | $121,458 | $298,000 | Compare |
| Wood Dale | 13,926 | $90,408 | $303,400 | 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 Lincoln With Other Cities
Frequently Asked Questions about Lincoln
What is the population of Lincoln, IL?
The population of Lincoln, IL is 13,406 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Illinois.
What is the median household income in Lincoln?
The median household income in Lincoln, IL is $54,390 per year, which is 28% below the national median of $75,149.
What is the median home value in Lincoln?
The median home value in Lincoln, IL is $111,600, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lincoln?
The median monthly rent in Lincoln, IL is $804, which is 31% below the national average of $1,163/month.
What is the unemployment rate in Lincoln?
The unemployment rate in Lincoln, IL is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lincoln, IL a good place to live?
Lincoln offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 13,406 and a median age of 38.4, the city appeals to a broad range of residents.
How educated is Lincoln, IL?
18.2% of residents in Lincoln 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 Lincoln?
Key cost-of-living indicators for Lincoln, IL: median home value is $111,600 (54% below national), median rent is $804/month, and median household income is $54,390. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lincoln?
The poverty rate in Lincoln, IL is 18.2%, 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 Lincoln, IL?
Lincoln's population is 1.4% White, 0.6% Hispanic or Latino, 0.2% Black or African American, 0.7% Asian, and 4.8% two or more races. 1.6% of residents are foreign-born.