Lomax, IL
Population 321 · Illinois
About Lomax, IL
Lomax is a small community in Illinois with a population of 321 residents. The median household income is $51,875 per year, which is near the national average. The median age in Lomax is 41.9 years.
Housing in Lomax has a median home value of $81,400 and median monthly rent of $825. Of the 138 total housing units, the majority are owner-occupied, with 99 owner-occupied and 19 renter-occupied units.
The unemployment rate in Lomax is 4.3% and the poverty rate is 13.7%. 16.7% of residents hold a bachelor's degree or higher. The average commute time is 33.4 minutes.
Cost of Living in Lomax, IL
Compared to national averages, Lomax has a median household income of $51,875 (31% below the national median of $75,149). Home values average $81,400, which is 67% below the national median. Monthly rent at $825 is 29% below the US average of $1,163. Within Illinois, Lomax's income is 31% below the state average of $75,072, and home values are 51% below the state median of $165,779.
Why Live in Lomax, IL?
Lomax offers affordable housing with a median home value of $81,400, below the US average of $244,900, and rent that’s lower than the national average at $825/month.
Potential considerations include median household income ($51,875) that falls below the national average. However, Lomax’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lomax has a population of 321 with a median age of 41.9 years. Compare Lomax 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 Lomax
What is the population of Lomax, IL?
The population of Lomax, IL is 321 according to the latest Census data.
What is the median household income in Lomax?
The median household income in Lomax, IL is $51,875 per year.
What is the median home value in Lomax?
The median home value in Lomax, IL is $81,400.
What is the average rent in Lomax?
The median monthly rent in Lomax, IL is $825.
What is the unemployment rate in Lomax?
The unemployment rate in Lomax, IL is 4.3%.