Makanda, IL
Population 550 · Illinois
About Makanda, IL
Makanda is a small community located in Illinois with a population of 550 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,083 per year, which is 4% below the national median of $75,149. The median age of 50.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Makanda features a median home value of $241,300, which is 1% below the national median of $244,900. This positions Makanda in a moderately priced market relative to the rest of the country. Median monthly rent is $911, 22% below the national average of $1,163/month. Of the 243 total housing units, 79% are owner-occupied (181 units) and 21% are renter-occupied (48 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Makanda 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 10.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Makanda have an average one-way commute time of 27.5 minutes.
Education & Demographics
60.8% of Makanda 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 0.7% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.5% Asian residents, with 9.3% of the population being foreign-born.
Cost of Living in Makanda, IL
Compared to national averages, Makanda has a median household income of $72,083 (4% below the national median of $75,149). Home values average $241,300, which is 1% below the national median. Monthly rent at $911 is 22% below the US average of $1,163. Within Illinois, Makanda's income is 4% below the state average of $75,072, and home values are 46% above the state median of $165,779.
Why Live in Makanda, IL?
Makanda offers affordable housing with a median home value of $241,300, below the US average of $244,900, and rent that’s lower than the national average at $911/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 60.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.7%, better than the national average.
Potential considerations include median household income ($72,083) that falls below the national average. However, Makanda’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Makanda has a population of 550 with a median age of 50.7 years. Compare Makanda 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 Makanda
What is the population of Makanda, IL?
The population of Makanda, IL is 550 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 Makanda?
The median household income in Makanda, IL is $72,083 per year, which is 4% below the national median of $75,149.
What is the median home value in Makanda?
The median home value in Makanda, IL is $241,300, which is 1% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Makanda?
The median monthly rent in Makanda, IL is $911, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Makanda?
The unemployment rate in Makanda, 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 Makanda, IL a good place to live?
Makanda offers a moderate cost of living, affordable housing, and a strong job market. With a population of 550 and a median age of 50.7, the city appeals to established professionals and retirees.
How educated is Makanda, IL?
60.8% of residents in Makanda 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 Makanda?
Key cost-of-living indicators for Makanda, IL: median home value is $241,300 (1% below national), median rent is $911/month, and median household income is $72,083. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Makanda?
The poverty rate in Makanda, IL is 10.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Makanda, IL?
Makanda's population is 0.7% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.5% Asian, and 0.7% two or more races. 9.3% of residents are foreign-born.