Nebo, IL
Population 324 · Illinois
About Nebo, IL
Nebo is a small community located in Illinois with a population of 324 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,000 per year, which is 40% below the national median of $75,149. The median age of 39.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Nebo features a median home value of $42,500, which is 83% below the national median of $244,900. This makes Nebo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,025, 12% below the national average of $1,163/month. Of the 159 total housing units, 91% are owner-occupied (89 units) and 9% are renter-occupied (9 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Nebo shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 23.8%, above the national average of 12.4%. Workers in Nebo have an average one-way commute time of 17.7 minutes, one of the shorter commutes in the region.
Education & Demographics
1.3% of Nebo 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 3.1% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.6% of the population being foreign-born.
How Nebo Ranks in Illinois
Cost of Living in Nebo, IL
Compared to national averages, Nebo has a median household income of $45,000 (40% below the national median of $75,149). Home values average $42,500, which is 83% below the national median. Monthly rent at $1,025 is 12% below the US average of $1,163. Within Illinois, Nebo's income is 40% below the state average of $75,072, and home values are 74% below the state median of $165,779.
Why Live in Nebo, IL?
Nebo offers affordable housing with a median home value of $42,500, below the US average of $244,900, and rent that’s lower than the national average at $1,025/month, and short commute times averaging just 17.7 minutes.
Potential considerations include median household income ($45,000) that falls below the national average. However, Nebo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Nebo has a population of 324 with a median age of 39.2 years. Compare Nebo with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Nebo
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| East Gillespie | 325 | $64,167 | $125,000 | Compare |
| Weldon | 323 | $60,083 | $89,300 | Compare |
| Belgium | 326 | $61,591 | $75,900 | Compare |
| Kings | 322 | $71,250 | $122,600 | Compare |
| Latham | 322 | $76,667 | $79,000 | Compare |
| Mount Clare | 322 | $66,125 | $111,100 | Compare |
| Beaverville | 321 | $51,250 | $95,900 | Compare |
| Hanaford | 327 | $59,500 | $56,100 | 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 Nebo With Other Cities
Frequently Asked Questions about Nebo
What is the population of Nebo, IL?
The population of Nebo, IL is 324 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 Nebo?
The median household income in Nebo, IL is $45,000 per year, which is 40% below the national median of $75,149.
What is the median home value in Nebo?
The median home value in Nebo, IL is $42,500, which is 83% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Nebo?
The median monthly rent in Nebo, IL is $1,025, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Nebo?
The unemployment rate in Nebo, IL is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Nebo, IL a good place to live?
Nebo offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 324 and a median age of 39.2, the city appeals to a broad range of residents.
How educated is Nebo, IL?
1.3% of residents in Nebo 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 Nebo?
Key cost-of-living indicators for Nebo, IL: median home value is $42,500 (83% below national), median rent is $1,025/month, and median household income is $45,000. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Nebo?
The poverty rate in Nebo, IL is 23.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Nebo, IL?
Nebo's population is 3.1% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.