New Grand Chain, IL
Population 144 · Illinois
About New Grand Chain, IL
New Grand Chain is a small community located in Illinois with a population of 144 residents according to the latest US Census Bureau American Community Survey data. The median household income is $31,250 per year, which is 58% below the national median of $75,149. The median age of 45.6 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 New Grand Chain features a median home value of $52,500, which is 79% below the national median of $244,900. This makes New Grand Chain one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $494, 58% below the national average of $1,163/month. Of the 102 total housing units, 58% are owner-occupied (46 units) and 42% are renter-occupied (33 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in New Grand Chain shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.3%, above the national average of 12.4%. Workers in New Grand Chain have an average one-way commute time of 26.9 minutes.
Education & Demographics
15.4% of New Grand Chain 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 1.4% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 4.2% Asian residents, with 1.4% of the population being foreign-born.
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 US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in New Grand Chain?
The median household income in New Grand Chain, IL is $31,250 per year, which is 58% below the national median of $75,149.
What is the median home value in New Grand Chain?
The median home value in New Grand Chain, IL is $52,500, which is 79% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Grand Chain?
The median monthly rent in New Grand Chain, IL is $494, which is 58% below the national average of $1,163/month.
What is the unemployment rate in New Grand Chain?
The unemployment rate in New Grand Chain, IL is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Grand Chain, IL a good place to live?
New Grand Chain offers a moderate cost of living, affordable housing, and a strong job market. With a population of 144 and a median age of 45.6, the city appeals to established professionals and retirees.
How educated is New Grand Chain, IL?
15.4% of residents in New Grand Chain 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 New Grand Chain?
Key cost-of-living indicators for New Grand Chain, IL: median home value is $52,500 (79% below national), median rent is $494/month, and median household income is $31,250. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Grand Chain?
The poverty rate in New Grand Chain, IL is 15.3%, 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 New Grand Chain, IL?
New Grand Chain's population is 1.4% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 4.2% Asian, and 6.9% two or more races. 1.4% of residents are foreign-born.