Mill Shoals, IL
Population 138 · Illinois
About Mill Shoals, IL
Mill Shoals is a small community in Illinois with a population of 138 residents. The median household income is $58,542 per year, which is near the national average. The median age in Mill Shoals is 39.4 years.
Housing in Mill Shoals has a median home value of $60,000 and median monthly rent of $0. Of the 76 total housing units, the majority are owner-occupied, with 62 owner-occupied and 2 renter-occupied units.
The unemployment rate in Mill Shoals is 0.0% and the poverty rate is 9.4%. 9.0% of residents hold a bachelor's degree or higher. The average commute time is 27 minutes.
Cost of Living in Mill Shoals, IL
Compared to national averages, Mill Shoals has a median household income of $58,542 (22% below the national median of $75,149). Home values average $60,000, which is 76% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Mill Shoals's income is 22% below the state average of $75,072, and home values are 64% below the state median of $165,779.
Why Live in Mill Shoals, IL?
Mill Shoals offers affordable housing with a median home value of $60,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 9.4%, better than the national average.
Potential considerations include median household income ($58,542) that falls below the national average. However, Mill Shoals’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mill Shoals has a population of 138 with a median age of 39.4 years. Compare Mill Shoals with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Mill Shoals
What is the population of Mill Shoals, IL?
The population of Mill Shoals, IL is 138 according to the latest Census data.
What is the median household income in Mill Shoals?
The median household income in Mill Shoals, IL is $58,542 per year.
What is the median home value in Mill Shoals?
The median home value in Mill Shoals, IL is $60,000.
What is the average rent in Mill Shoals?
The median monthly rent in Mill Shoals, IL is $0.
What is the unemployment rate in Mill Shoals?
The unemployment rate in Mill Shoals, IL is 0.0%.