Owaneco, IL
Population 744 · Illinois
About Owaneco, IL
Owaneco is a small community in Illinois with a population of 744 residents. The median household income is $66,875 per year, which is near the national average. The median age in Owaneco is 33.5 years.
Housing in Owaneco has a median home value of $96,300 and median monthly rent of $835. Of the 209 total housing units, the majority are owner-occupied, with 174 owner-occupied and 31 renter-occupied units.
The unemployment rate in Owaneco is 4.9% and the poverty rate is 16.8%. 6.6% of residents hold a bachelor's degree or higher. The average commute time is 26.6 minutes.
Cost of Living in Owaneco, IL
Compared to national averages, Owaneco has a median household income of $66,875 (11% below the national median of $75,149). Home values average $96,300, which is 61% below the national median. Monthly rent at $835 is 28% below the US average of $1,163. Within Illinois, Owaneco's income is 11% below the state average of $75,072, and home values are 42% below the state median of $165,779.
Why Live in Owaneco, IL?
Owaneco offers affordable housing with a median home value of $96,300, below the US average of $244,900, and rent that’s lower than the national average at $835/month.
Potential considerations include median household income ($66,875) that falls below the national average. However, Owaneco’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Owaneco has a population of 744 with a median age of 33.5 years. Compare Owaneco with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Owaneco
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Clay City | 744 | $53,750 | $75,500 | Compare |
| Hopedale | 742 | $53,958 | $135,600 | Compare |
| Mechanicsburg | 748 | $77,422 | $206,300 | Compare |
| Crossville | 749 | $40,682 | $61,300 | Compare |
| Mulberry Grove | 739 | $57,250 | $74,800 | Compare |
| Ashmore | 750 | $57,361 | $87,100 | Compare |
| Junction City | 753 | $53,333 | $71,300 | Compare |
| Union | 753 | $100,104 | $224,600 | 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 Owaneco With Other Cities
Frequently Asked Questions about Owaneco
What is the population of Owaneco, IL?
The population of Owaneco, IL is 744 according to the latest Census data.
What is the median household income in Owaneco?
The median household income in Owaneco, IL is $66,875 per year.
What is the median home value in Owaneco?
The median home value in Owaneco, IL is $96,300.
What is the average rent in Owaneco?
The median monthly rent in Owaneco, IL is $835.
What is the unemployment rate in Owaneco?
The unemployment rate in Owaneco, IL is 4.9%.