New Grand Chain, IL
Population 144 · Illinois
About New Grand Chain, IL
New Grand Chain is a small community in Illinois with a population of 144 residents. The median household income is $31,250 per year, which is below the national average. The median age in New Grand Chain is 45.6 years.
Housing in New Grand Chain has a median home value of $52,500 and median monthly rent of $494. Of the 102 total housing units, the majority are owner-occupied, with 46 owner-occupied and 33 renter-occupied units.
The unemployment rate in New Grand Chain is 3.4% and the poverty rate is 15.3%. 15.4% of residents hold a bachelor's degree or higher. The average commute time is 26.9 minutes.
How New Grand Chain Ranks in Illinois
Cost of Living in New Grand Chain, IL
Compared to national averages, New Grand Chain has a median household income of $31,250 (58% below the national median of $75,149). Home values average $52,500, which is 79% below the national median. Monthly rent at $494 is 58% below the US average of $1,163. Within Illinois, New Grand Chain's income is 58% below the state average of $75,072, and home values are 68% below the state median of $165,779.
Why Live in New Grand Chain, IL?
New Grand Chain offers affordable housing with a median home value of $52,500, below the US average of $244,900, and rent that’s lower than the national average at $494/month, and a strong job market with an unemployment rate of just 3.4%.
Potential considerations include median household income ($31,250) that falls below the national average. However, New Grand Chain’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Grand Chain has a population of 144 with a median age of 45.6 years. Compare New Grand Chain 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 New Grand Chain
What is the population of New Grand Chain, IL?
The population of New Grand Chain, IL is 144 according to the latest Census data.
What is the median household income in New Grand Chain?
The median household income in New Grand Chain, IL is $31,250 per year.
What is the median home value in New Grand Chain?
The median home value in New Grand Chain, IL is $52,500.
What is the average rent in New Grand Chain?
The median monthly rent in New Grand Chain, IL is $494.
What is the unemployment rate in New Grand Chain?
The unemployment rate in New Grand Chain, IL is 3.4%.