Mahomet, IL
Population 9,755 · Illinois
About Mahomet, IL
Mahomet is a small town located in Illinois with a population of 9,755 residents according to the latest US Census Bureau American Community Survey data. The median household income is $114,904 per year, which is 53% above the national median of $75,149. The median age of 36.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Mahomet features a median home value of $293,200, which is 20% above the national median of $244,900. This positions Mahomet in a moderately priced market relative to the rest of the country. Median monthly rent is $1,202, 3% above the national average of $1,163/month. Of the 3,581 total housing units, 81% are owner-occupied (2,619 units) and 19% are renter-occupied (632 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mahomet shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Mahomet have an average one-way commute time of 20.7 minutes.
Education & Demographics
52.8% of Mahomet 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 6.3% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.5% Asian residents, with 5.5% of the population being foreign-born.
Cost of Living in Mahomet, IL
Compared to national averages, Mahomet has a median household income of $114,904 (53% above the national median of $75,149). Home values average $293,200, which is 20% above the national median. Monthly rent at $1,202 is 3% above the US average of $1,163. Within Illinois, Mahomet's income is 53% above the state average of $75,072, and home values are 77% above the state median of $165,779.
Why Live in Mahomet, IL?
Mahomet offers a strong local economy with a median household income of $114,904, well above the national average, and a strong job market with an unemployment rate of just 3.4%, and a well-educated community where 52.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.9%, better than the national average, and short commute times averaging just 20.7 minutes.
Mahomet has a population of 9,755 with a median age of 36.5 years. Compare Mahomet with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Mahomet
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Frankfort Square | 9,777 | $126,953 | $282,100 | Compare |
| Sauk Village | 9,724 | $56,946 | $101,900 | Compare |
| Flossmoor | 9,666 | $137,768 | $309,100 | Compare |
| Peru | 9,863 | $68,147 | $155,600 | Compare |
| Harvard | 9,875 | $71,418 | $174,000 | Compare |
| Winfield | 9,982 | $143,102 | $363,400 | Compare |
| Itasca | 9,525 | $111,898 | $375,600 | Compare |
| Rochelle | 9,477 | $63,373 | $153,000 | 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 Mahomet With Other Cities
Frequently Asked Questions about Mahomet
What is the population of Mahomet, IL?
The population of Mahomet, IL is 9,755 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 Mahomet?
The median household income in Mahomet, IL is $114,904 per year, which is 53% above the national median of $75,149.
What is the median home value in Mahomet?
The median home value in Mahomet, IL is $293,200, which is 20% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mahomet?
The median monthly rent in Mahomet, IL is $1,202, which is 3% above the national average of $1,163/month.
What is the unemployment rate in Mahomet?
The unemployment rate in Mahomet, IL is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Mahomet, IL a good place to live?
Mahomet offers above-average incomes, a competitive housing market, and a strong job market. With a population of 9,755 and a median age of 36.5, the city appeals to a broad range of residents.
How educated is Mahomet, IL?
52.8% of residents in Mahomet 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 Mahomet?
Key cost-of-living indicators for Mahomet, IL: median home value is $293,200 (20% above national), median rent is $1,202/month, and median household income is $114,904. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Mahomet?
The poverty rate in Mahomet, IL is 3.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Mahomet, IL?
Mahomet's population is 6.3% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.5% Asian, and 0.6% two or more races. 5.5% of residents are foreign-born.