Oreana, IL
Population 1,183 · Illinois
About Oreana, IL
Oreana is a small town located in Illinois with a population of 1,183 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,194 per year, which is 24% above the national median of $75,149. The median age of 37.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Oreana features a median home value of $129,100, which is 47% below the national median of $244,900. This makes Oreana one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $921, 21% below the national average of $1,163/month. Of the 494 total housing units, 90% are owner-occupied (428 units) and 10% are renter-occupied (49 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oreana shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 2.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oreana have an average one-way commute time of 20.6 minutes.
Education & Demographics
27.5% of Oreana residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.6% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.6% of the population being foreign-born.
Cost of Living in Oreana, IL
Compared to national averages, Oreana has a median household income of $93,194 (24% above the national median of $75,149). Home values average $129,100, which is 47% below the national median. Monthly rent at $921 is 21% below the US average of $1,163. Within Illinois, Oreana's income is 24% above the state average of $75,072, and home values are 22% below the state median of $165,779.
Why Live in Oreana, IL?
Oreana offers a strong local economy with a median household income of $93,194, well above the national average, and affordable housing with a median home value of $129,100, below the US average of $244,900, and rent that’s lower than the national average at $921/month. Additionally, the city features a low poverty rate of 2.0%, better than the national average, and short commute times averaging just 20.6 minutes.
Oreana has a population of 1,183 with a median age of 37.6 years. Compare Oreana with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Oreana
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Milford | 1,183 | $73,125 | $130,200 | Compare |
| Marine | 1,181 | $76,304 | $165,100 | Compare |
| Dieterich | 1,171 | $73,750 | $201,200 | Compare |
| Energy | 1,171 | $70,417 | $138,500 | Compare |
| Camp Point | 1,197 | $58,438 | $111,700 | Compare |
| Milledgeville | 1,199 | $59,688 | $89,200 | Compare |
| Shawneetown | 1,167 | $51,089 | $80,400 | Compare |
| Goreville | 1,164 | $70,375 | $120,700 | 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 Oreana With Other Cities
Frequently Asked Questions about Oreana
What is the population of Oreana, IL?
The population of Oreana, IL is 1,183 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Oreana?
The median household income in Oreana, IL is $93,194 per year, which is 24% above the national median of $75,149.
What is the median home value in Oreana?
The median home value in Oreana, IL is $129,100, which is 47% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oreana?
The median monthly rent in Oreana, IL is $921, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Oreana?
The unemployment rate in Oreana, IL is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Oreana, IL a good place to live?
Oreana offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,183 and a median age of 37.6, the city appeals to a broad range of residents.
How educated is Oreana, IL?
27.5% of residents in Oreana 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 Oreana?
Key cost-of-living indicators for Oreana, IL: median home value is $129,100 (47% below national), median rent is $921/month, and median household income is $93,194. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oreana?
The poverty rate in Oreana, IL is 2.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oreana, IL?
Oreana's population is 2.6% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 3.5% two or more races. 1.6% of residents are foreign-born.