Nilwood, IL
Population 140 · Illinois
About Nilwood, IL
Nilwood is a small community located in Illinois with a population of 140 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,563 per year, which is 38% below the national median of $75,149. The median age of 52 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 Nilwood features a median home value of $44,400, which is 82% below the national median of $244,900. This makes Nilwood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 105 total housing units, 95% are owner-occupied (56 units) and 5% are renter-occupied (3 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Nilwood shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.6%, above the national average of 12.4%. Workers in Nilwood have an average one-way commute time of 28.3 minutes.
Education & Demographics
9.5% of Nilwood 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Nilwood Ranks in Illinois
Cost of Living in Nilwood, IL
Compared to national averages, Nilwood has a median household income of $46,563 (38% below the national median of $75,149). Home values average $44,400, which is 82% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Nilwood's income is 38% below the state average of $75,072, and home values are 73% below the state median of $165,779.
Why Live in Nilwood, IL?
Nilwood offers affordable housing with a median home value of $44,400, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($46,563) that falls below the national average. However, Nilwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Nilwood has a population of 140 with a median age of 52 years. Compare Nilwood with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Nilwood
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Solon Mills | 140 | $0 | $287,200 | Compare |
| Baylis | 139 | $43,438 | $33,800 | Compare |
| Concord | 141 | $44,250 | $107,300 | Compare |
| Du Bois | 139 | $75,833 | $69,300 | Compare |
| Wilton Center | 141 | $93,571 | $268,400 | Compare |
| Mill Shoals | 138 | $58,542 | $60,000 | Compare |
| Leonore | 143 | $0 | $82,000 | Compare |
| Otterville | 137 | $63,643 | $57,500 | 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 Nilwood With Other Cities
Frequently Asked Questions about Nilwood
What is the population of Nilwood, IL?
The population of Nilwood, IL is 140 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 Nilwood?
The median household income in Nilwood, IL is $46,563 per year, which is 38% below the national median of $75,149.
What is the median home value in Nilwood?
The median home value in Nilwood, IL is $44,400, which is 82% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Nilwood?
The median monthly rent in Nilwood, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Nilwood?
The unemployment rate in Nilwood, IL is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Nilwood, IL a good place to live?
Nilwood offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 140 and a median age of 52, the city appeals to established professionals and retirees.
How educated is Nilwood, IL?
9.5% of residents in Nilwood 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 Nilwood?
Key cost-of-living indicators for Nilwood, IL: median home value is $44,400 (82% below national), median rent is $0/month, and median household income is $46,563. The home-value-to-income ratio is 1.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Nilwood?
The poverty rate in Nilwood, IL is 13.6%, 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 Nilwood, IL?
Nilwood's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.