London Mills, IL
Population 356 · Illinois
About London Mills, IL
London Mills is a small community located in Illinois with a population of 356 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,656 per year, which is 30% below the national median of $75,149. The median age of 40.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in London Mills features a median home value of $54,800, which is 78% below the national median of $244,900. This makes London Mills one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,013, 13% below the national average of $1,163/month. Of the 165 total housing units, 78% are owner-occupied (111 units) and 22% are renter-occupied (32 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in London Mills shows an unemployment rate of 11.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 21.1%, above the national average of 12.4%. Workers in London Mills have an average one-way commute time of 25.4 minutes.
Education & Demographics
9.6% of London Mills 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 0.8% White, 1.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in London Mills, IL
Compared to national averages, London Mills has a median household income of $52,656 (30% below the national median of $75,149). Home values average $54,800, which is 78% below the national median. Monthly rent at $1,013 is 13% below the US average of $1,163. Within Illinois, London Mills's income is 30% below the state average of $75,072, and home values are 67% below the state median of $165,779.
Why Live in London Mills, IL?
London Mills offers affordable housing with a median home value of $54,800, below the US average of $244,900, and rent that’s lower than the national average at $1,013/month.
Potential considerations include median household income ($52,656) that falls below the national average. However, London Mills’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
London Mills has a population of 356 with a median age of 40.8 years. Compare London Mills with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near London Mills
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bondville | 356 | $57,188 | $168,500 | Compare |
| Towanda | 356 | $78,611 | $158,200 | Compare |
| Edgewood | 357 | $42,188 | $72,500 | Compare |
| Fairview | 357 | $65,250 | $79,800 | Compare |
| Little York | 357 | $54,250 | $80,700 | Compare |
| Creal Springs | 354 | $43,333 | $57,600 | Compare |
| Summerfield | 358 | $58,661 | $84,100 | Compare |
| Crab Orchard | 359 | $110,125 | $97,900 | 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 London Mills With Other Cities
Frequently Asked Questions about London Mills
What is the population of London Mills, IL?
The population of London Mills, IL is 356 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 London Mills?
The median household income in London Mills, IL is $52,656 per year, which is 30% below the national median of $75,149.
What is the median home value in London Mills?
The median home value in London Mills, IL is $54,800, which is 78% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in London Mills?
The median monthly rent in London Mills, IL is $1,013, which is 13% below the national average of $1,163/month.
What is the unemployment rate in London Mills?
The unemployment rate in London Mills, IL is 11.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is London Mills, IL a good place to live?
London Mills offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 356 and a median age of 40.8, the city appeals to a broad range of residents.
How educated is London Mills, IL?
9.6% of residents in London Mills 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 London Mills?
Key cost-of-living indicators for London Mills, IL: median home value is $54,800 (78% below national), median rent is $1,013/month, and median household income is $52,656. The home-value-to-income ratio is 1.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in London Mills?
The poverty rate in London Mills, IL is 21.1%, 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 London Mills, IL?
London Mills's population is 0.8% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.