Marshall, IL
Population 3,987 · Illinois
About Marshall, IL
Marshall is a small town located in Illinois with a population of 3,987 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,950 per year, which is 6% below the national median of $75,149. The median age of 42.7 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 Marshall features a median home value of $118,500, which is 52% below the national median of $244,900. This makes Marshall one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $850, 27% below the national average of $1,163/month. Of the 2,067 total housing units, 71% are owner-occupied (1,301 units) and 29% are renter-occupied (536 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Marshall shows an unemployment rate of 1.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Marshall have an average one-way commute time of 18.7 minutes, one of the shorter commutes in the region.
Education & Demographics
27.7% of Marshall residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.9% White, 2.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.6% of the population being foreign-born.
Cost of Living in Marshall, IL
Compared to national averages, Marshall has a median household income of $70,950 (6% below the national median of $75,149). Home values average $118,500, which is 52% below the national median. Monthly rent at $850 is 27% below the US average of $1,163. Within Illinois, Marshall's income is 5% below the state average of $75,072, and home values are 29% below the state median of $165,779.
Why Live in Marshall, IL?
Marshall offers affordable housing with a median home value of $118,500, below the US average of $244,900, and rent that’s lower than the national average at $850/month, and a strong job market with an unemployment rate of just 1.5%. Additionally, the city features a low poverty rate of 4.9%, better than the national average, and short commute times averaging just 18.7 minutes.
Potential considerations include median household income ($70,950) that falls below the national average. However, Marshall’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Marshall has a population of 3,987 with a median age of 42.7 years. Compare Marshall with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Marshall
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Riverwoods | 3,988 | $243,036 | $796,100 | Compare |
| Indian Head Park | 3,992 | $107,019 | $337,700 | Compare |
| Burnham | 3,978 | $55,708 | $146,400 | Compare |
| Millstadt | 4,013 | $94,536 | $205,400 | Compare |
| South Chicago Heights | 3,934 | $56,250 | $136,000 | Compare |
| Rosewood Heights | 4,047 | $80,753 | $125,900 | Compare |
| Barrington Hills | 3,923 | $186,667 | $781,600 | Compare |
| Dupo | 3,914 | $57,899 | $109,000 | 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 Marshall With Other Cities
Frequently Asked Questions about Marshall
What is the population of Marshall, IL?
The population of Marshall, IL is 3,987 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 Marshall?
The median household income in Marshall, IL is $70,950 per year, which is 6% below the national median of $75,149.
What is the median home value in Marshall?
The median home value in Marshall, IL is $118,500, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Marshall?
The median monthly rent in Marshall, IL is $850, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Marshall?
The unemployment rate in Marshall, IL is 1.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Marshall, IL a good place to live?
Marshall offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,987 and a median age of 42.7, the city appeals to a broad range of residents.
How educated is Marshall, IL?
27.7% of residents in Marshall 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 Marshall?
Key cost-of-living indicators for Marshall, IL: median home value is $118,500 (52% below national), median rent is $850/month, and median household income is $70,950. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Marshall?
The poverty rate in Marshall, IL is 4.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Marshall, IL?
Marshall's population is 0.9% White, 2.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.8% two or more races. 1.6% of residents are foreign-born.