Morrisonville, IL
Population 852 · Illinois
About Morrisonville, IL
Morrisonville is a small community located in Illinois with a population of 852 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,944 per year, which is 9% above the national median of $75,149. The median age of 50.3 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 Morrisonville features a median home value of $105,900, which is 57% below the national median of $244,900. This makes Morrisonville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $788, 32% below the national average of $1,163/month. Of the 438 total housing units, 93% are owner-occupied (359 units) and 7% are renter-occupied (27 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Morrisonville shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Morrisonville have an average one-way commute time of 26.4 minutes.
Education & Demographics
15.6% of Morrisonville 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 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 4.3% Asian residents, with 1.6% of the population being foreign-born.
Cost of Living in Morrisonville, IL
Compared to national averages, Morrisonville has a median household income of $81,944 (9% above the national median of $75,149). Home values average $105,900, which is 57% below the national median. Monthly rent at $788 is 32% below the US average of $1,163. Within Illinois, Morrisonville's income is 9% above the state average of $75,072, and home values are 36% below the state median of $165,779.
Why Live in Morrisonville, IL?
Morrisonville offers a strong local economy with a median household income of $81,944, well above the national average, and affordable housing with a median home value of $105,900, below the US average of $244,900, and rent that’s lower than the national average at $788/month. Additionally, the city features a strong job market with an unemployment rate of just 2.5%, and a low poverty rate of 9.4%, better than the national average.
Morrisonville has a population of 852 with a median age of 50.3 years. Compare Morrisonville 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 Morrisonville
What is the population of Morrisonville, IL?
The population of Morrisonville, IL is 852 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 Morrisonville?
The median household income in Morrisonville, IL is $81,944 per year, which is 9% above the national median of $75,149.
What is the median home value in Morrisonville?
The median home value in Morrisonville, IL is $105,900, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Morrisonville?
The median monthly rent in Morrisonville, IL is $788, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Morrisonville?
The unemployment rate in Morrisonville, IL is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Morrisonville, IL a good place to live?
Morrisonville offers above-average incomes, affordable housing, and a strong job market. With a population of 852 and a median age of 50.3, the city appeals to established professionals and retirees.
How educated is Morrisonville, IL?
15.6% of residents in Morrisonville 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 Morrisonville?
Key cost-of-living indicators for Morrisonville, IL: median home value is $105,900 (57% below national), median rent is $788/month, and median household income is $81,944. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Morrisonville?
The poverty rate in Morrisonville, IL is 9.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Morrisonville, IL?
Morrisonville's population is 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 4.3% Asian, and 0.0% two or more races. 1.6% of residents are foreign-born.