Lovington, IL
Population 1,120 · Illinois
About Lovington, IL
Lovington is a small town located in Illinois with a population of 1,120 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,394 per year, which is 28% below the national median of $75,149. The median age of 40.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lovington features a median home value of $90,400, which is 63% below the national median of $244,900. This makes Lovington one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $748, 36% below the national average of $1,163/month. Of the 540 total housing units, 70% are owner-occupied (342 units) and 30% are renter-occupied (148 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lovington shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 13.9%, above the national average of 12.4%. Workers in Lovington have an average one-way commute time of 27 minutes.
Education & Demographics
9.2% of Lovington 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 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 3.8% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Lovington, IL
Compared to national averages, Lovington has a median household income of $54,394 (28% below the national median of $75,149). Home values average $90,400, which is 63% below the national median. Monthly rent at $748 is 36% below the US average of $1,163. Within Illinois, Lovington's income is 28% below the state average of $75,072, and home values are 45% below the state median of $165,779.
Why Live in Lovington, IL?
Lovington offers affordable housing with a median home value of $90,400, below the US average of $244,900, and rent that’s lower than the national average at $748/month.
Potential considerations include median household income ($54,394) that falls below the national average. However, Lovington’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lovington has a population of 1,120 with a median age of 40.3 years. Compare Lovington with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lovington
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bull Valley | 1,121 | $185,417 | $460,700 | Compare |
| East Hazel Crest | 1,122 | $57,000 | $168,800 | Compare |
| Assumption | 1,117 | $55,764 | $72,100 | Compare |
| Central City | 1,123 | $47,750 | $43,900 | Compare |
| Bannockburn | 1,125 | $195,625 | $1,110,800 | Compare |
| Homer | 1,130 | $75,833 | $125,700 | Compare |
| Mendon | 1,131 | $62,778 | $108,500 | Compare |
| Valmeyer | 1,109 | $93,472 | $208,600 | 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 Lovington With Other Cities
Frequently Asked Questions about Lovington
What is the population of Lovington, IL?
The population of Lovington, IL is 1,120 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Lovington?
The median household income in Lovington, IL is $54,394 per year, which is 28% below the national median of $75,149.
What is the median home value in Lovington?
The median home value in Lovington, IL is $90,400, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lovington?
The median monthly rent in Lovington, IL is $748, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Lovington?
The unemployment rate in Lovington, IL is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lovington, IL a good place to live?
Lovington offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,120 and a median age of 40.3, the city appeals to a broad range of residents.
How educated is Lovington, IL?
9.2% of residents in Lovington 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 Lovington?
Key cost-of-living indicators for Lovington, IL: median home value is $90,400 (63% below national), median rent is $748/month, and median household income is $54,394. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lovington?
The poverty rate in Lovington, IL is 13.9%, 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 Lovington, IL?
Lovington's population is 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 3.8% Asian, and 1.2% two or more races. 0.0% of residents are foreign-born.