Matherville, IL
Population 703 · Illinois
About Matherville, IL
Matherville is a small community located in Illinois with a population of 703 residents according to the latest US Census Bureau American Community Survey data. The median household income is $80,714 per year, which is 7% above the national median of $75,149. The median age of 36.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Matherville features a median home value of $136,200, which is 44% below the national median of $244,900. This makes Matherville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $775, 33% below the national average of $1,163/month. Of the 305 total housing units, 82% are owner-occupied (216 units) and 18% are renter-occupied (46 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Matherville shows an unemployment rate of 6.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Matherville have an average one-way commute time of 27.3 minutes.
Education & Demographics
17.7% of Matherville 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 4.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Matherville, IL
Compared to national averages, Matherville has a median household income of $80,714 (7% above the national median of $75,149). Home values average $136,200, which is 44% below the national median. Monthly rent at $775 is 33% below the US average of $1,163. Within Illinois, Matherville's income is 8% above the state average of $75,072, and home values are 18% below the state median of $165,779.
Why Live in Matherville, IL?
Matherville offers a strong local economy with a median household income of $80,714, well above the national average, and affordable housing with a median home value of $136,200, below the US average of $244,900, and rent that’s lower than the national average at $775/month. Additionally, the city features a low poverty rate of 10.5%, better than the national average.
Matherville has a population of 703 with a median age of 36.7 years. Compare Matherville with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Matherville
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Aroma Park | 702 | $72,250 | $150,400 | Compare |
| Cedarville | 705 | $59,712 | $110,600 | Compare |
| Sherrard | 705 | $86,932 | $130,400 | Compare |
| Green Valley | 700 | $62,986 | $116,700 | Compare |
| Tovey | 707 | $81,250 | $78,200 | Compare |
| North City | 708 | $50,469 | $107,400 | Compare |
| Augusta | 710 | $41,094 | $86,500 | Compare |
| Bowen | 710 | $70,263 | $74,400 | 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 Matherville With Other Cities
Frequently Asked Questions about Matherville
What is the population of Matherville, IL?
The population of Matherville, IL is 703 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 Matherville?
The median household income in Matherville, IL is $80,714 per year, which is 7% above the national median of $75,149.
What is the median home value in Matherville?
The median home value in Matherville, IL is $136,200, which is 44% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Matherville?
The median monthly rent in Matherville, IL is $775, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Matherville?
The unemployment rate in Matherville, IL is 6.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Matherville, IL a good place to live?
Matherville offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 703 and a median age of 36.7, the city appeals to a broad range of residents.
How educated is Matherville, IL?
17.7% of residents in Matherville 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 Matherville?
Key cost-of-living indicators for Matherville, IL: median home value is $136,200 (44% below national), median rent is $775/month, and median household income is $80,714. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Matherville?
The poverty rate in Matherville, IL is 10.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Matherville, IL?
Matherville's population is 4.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 1.4% two or more races. 1.3% of residents are foreign-born.