Patoka, IL
Population 544 · Illinois
About Patoka, IL
Patoka is a small community located in Illinois with a population of 544 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,344 per year, which is 17% below the national median of $75,149. The median age of 38.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Patoka features a median home value of $77,500, which is 68% below the national median of $244,900. This makes Patoka one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $811, 30% below the national average of $1,163/month. Of the 246 total housing units, 83% are owner-occupied (184 units) and 17% are renter-occupied (39 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Patoka shows an unemployment rate of 5.2%, which is near the national rate of 3.7%. The poverty rate stands at 9.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Patoka have an average one-way commute time of 26.9 minutes.
Education & Demographics
14.1% of Patoka 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, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.2% of the population being foreign-born.
Cost of Living in Patoka, IL
Compared to national averages, Patoka has a median household income of $62,344 (17% below the national median of $75,149). Home values average $77,500, which is 68% below the national median. Monthly rent at $811 is 30% below the US average of $1,163. Within Illinois, Patoka's income is 17% below the state average of $75,072, and home values are 53% below the state median of $165,779.
Why Live in Patoka, IL?
Patoka offers affordable housing with a median home value of $77,500, below the US average of $244,900, and rent that’s lower than the national average at $811/month, and a low poverty rate of 9.3%, better than the national average.
Potential considerations include median household income ($62,344) that falls below the national average. However, Patoka’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Patoka has a population of 544 with a median age of 38.1 years. Compare Patoka with other cities to see how it stacks up, or explore all cities in Illinois.
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Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Patoka
What is the population of Patoka, IL?
The population of Patoka, IL is 544 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 Patoka?
The median household income in Patoka, IL is $62,344 per year, which is 17% below the national median of $75,149.
What is the median home value in Patoka?
The median home value in Patoka, IL is $77,500, which is 68% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Patoka?
The median monthly rent in Patoka, IL is $811, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Patoka?
The unemployment rate in Patoka, IL is 5.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Patoka, IL a good place to live?
Patoka offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 544 and a median age of 38.1, the city appeals to a broad range of residents.
How educated is Patoka, IL?
14.1% of residents in Patoka 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 Patoka?
Key cost-of-living indicators for Patoka, IL: median home value is $77,500 (68% below national), median rent is $811/month, and median household income is $62,344. The home-value-to-income ratio is 1.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Patoka?
The poverty rate in Patoka, IL is 9.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Patoka, IL?
Patoka's population is 0.0% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.2% of residents are foreign-born.