Lorenzo, IL
Population 64 · Illinois
About Lorenzo, IL
Lorenzo is a small community located in Illinois with a population of 64 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 26.6 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 Lorenzo features a median home value of $0, which is 100% below the national median of $244,900. This makes Lorenzo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 39 total housing units, 100% are owner-occupied (39 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lorenzo shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 18.8%, above the national average of 12.4%. Workers in Lorenzo have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
52.9% of Lorenzo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% 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 Lorenzo, IL
Compared to national averages, Lorenzo has a median household income of $0 (100% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Lorenzo's income is 100% below the state average of $75,072, and home values are 100% below the state median of $165,779.
Why Live in Lorenzo, IL?
Lorenzo offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 52.9% of residents hold a bachelor’s degree or higher, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Lorenzo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lorenzo has a population of 64 with a median age of 26.6 years. Compare Lorenzo with other cities to see how it stacks up, or explore all cities in Illinois.
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Demographics
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Economy & Education
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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 Lorenzo
What is the population of Lorenzo, IL?
The population of Lorenzo, IL is 64 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 Lorenzo?
The median household income in Lorenzo, IL is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Lorenzo?
The median home value in Lorenzo, IL is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lorenzo?
The median monthly rent in Lorenzo, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lorenzo?
The unemployment rate in Lorenzo, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lorenzo, IL a good place to live?
Lorenzo offers a moderate cost of living, affordable housing, and a strong job market. With a population of 64 and a median age of 26.6, the city appeals to young professionals and families.
How educated is Lorenzo, IL?
52.9% of residents in Lorenzo aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lorenzo?
Key cost-of-living indicators for Lorenzo, IL: median home value is $0 (100% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is NaNx, a moderate figure by national standards.
What is the poverty rate in Lorenzo?
The poverty rate in Lorenzo, IL is 18.8%, 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 Lorenzo, IL?
Lorenzo's population is 0.0% White, 0.0% 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.