Loami, IL
Population 830 · Illinois
About Loami, IL
Loami is a small community located in Illinois with a population of 830 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,750 per year, which is 28% below the national median of $75,149. The median age of 29.5 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 Loami features a median home value of $108,800, which is 56% below the national median of $244,900. This makes Loami one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $871, 25% below the national average of $1,163/month. Of the 368 total housing units, 79% are owner-occupied (263 units) and 21% are renter-occupied (68 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Loami shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.5%, above the national average of 12.4%. Workers in Loami have an average one-way commute time of 24.2 minutes.
Education & Demographics
20.7% of Loami 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 2.5% White, 2.7% Hispanic or Latino, 1.2% Black or African American, and 2.7% Asian residents, with 0.1% of the population being foreign-born.
Cost of Living in Loami, IL
Compared to national averages, Loami has a median household income of $53,750 (28% below the national median of $75,149). Home values average $108,800, which is 56% below the national median. Monthly rent at $871 is 25% below the US average of $1,163. Within Illinois, Loami's income is 28% below the state average of $75,072, and home values are 34% below the state median of $165,779.
Why Live in Loami, IL?
Loami offers affordable housing with a median home value of $108,800, below the US average of $244,900, and rent that’s lower than the national average at $871/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features short commute times averaging just 24.2 minutes.
Potential considerations include median household income ($53,750) that falls below the national average. However, Loami’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Loami has a population of 830 with a median age of 29.5 years. Compare Loami with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Loami
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Roseville | 830 | $56,029 | $88,600 | Compare |
| Stewardson | 830 | $58,571 | $106,800 | Compare |
| Kinmundy | 831 | $37,667 | $83,900 | Compare |
| Sunnyland | 829 | $65,833 | $140,700 | Compare |
| Ashton | 837 | $61,389 | $106,300 | Compare |
| Argenta | 838 | $75,313 | $107,200 | Compare |
| Willow Lake | 838 | $93,750 | $154,100 | Compare |
| Bonnie Brae | 844 | $76,483 | $224,200 | 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 Loami With Other Cities
Frequently Asked Questions about Loami
What is the population of Loami, IL?
The population of Loami, IL is 830 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 Loami?
The median household income in Loami, IL is $53,750 per year, which is 28% below the national median of $75,149.
What is the median home value in Loami?
The median home value in Loami, IL is $108,800, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Loami?
The median monthly rent in Loami, IL is $871, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Loami?
The unemployment rate in Loami, IL is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Loami, IL a good place to live?
Loami offers a moderate cost of living, affordable housing, and a strong job market. With a population of 830 and a median age of 29.5, the city appeals to young professionals and families.
How educated is Loami, IL?
20.7% of residents in Loami 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 Loami?
Key cost-of-living indicators for Loami, IL: median home value is $108,800 (56% below national), median rent is $871/month, and median household income is $53,750. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Loami?
The poverty rate in Loami, IL is 12.5%, 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 Loami, IL?
Loami's population is 2.5% White, 2.7% Hispanic or Latino, 1.2% Black or African American, 2.7% Asian, and 0.6% two or more races. 0.1% of residents are foreign-born.