Perry, IL
Population 254 · Illinois
About Perry, IL
Perry is a small community located in Illinois with a population of 254 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,625 per year, which is 33% below the national median of $75,149. The median age of 54.6 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 Perry features a median home value of $81,700, which is 67% below the national median of $244,900. This makes Perry one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $475, 59% below the national average of $1,163/month. Of the 186 total housing units, 79% are owner-occupied (113 units) and 21% are renter-occupied (30 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Perry shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 17.7%, above the national average of 12.4%. Workers in Perry have an average one-way commute time of 30.9 minutes.
Education & Demographics
17.3% of Perry 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 2.4% Asian residents, with 2.4% of the population being foreign-born.
How Perry Ranks in Illinois
Cost of Living in Perry, IL
Compared to national averages, Perry has a median household income of $50,625 (33% below the national median of $75,149). Home values average $81,700, which is 67% below the national median. Monthly rent at $475 is 59% below the US average of $1,163. Within Illinois, Perry's income is 33% below the state average of $75,072, and home values are 51% below the state median of $165,779.
Why Live in Perry, IL?
Perry offers affordable housing with a median home value of $81,700, below the US average of $244,900, and rent that’s lower than the national average at $475/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($50,625) that falls below the national average. However, Perry’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Perry has a population of 254 with a median age of 54.6 years. Compare Perry 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 Perry
What is the population of Perry, IL?
The population of Perry, IL is 254 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 Perry?
The median household income in Perry, IL is $50,625 per year, which is 33% below the national median of $75,149.
What is the median home value in Perry?
The median home value in Perry, IL is $81,700, which is 67% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Perry?
The median monthly rent in Perry, IL is $475, which is 59% below the national average of $1,163/month.
What is the unemployment rate in Perry?
The unemployment rate in Perry, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Perry, IL a good place to live?
Perry offers a moderate cost of living, affordable housing, and a strong job market. With a population of 254 and a median age of 54.6, the city appeals to established professionals and retirees.
How educated is Perry, IL?
17.3% of residents in Perry 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 Perry?
Key cost-of-living indicators for Perry, IL: median home value is $81,700 (67% below national), median rent is $475/month, and median household income is $50,625. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Perry?
The poverty rate in Perry, IL is 17.7%, 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 Perry, IL?
Perry's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 2.4% Asian, and 0.4% two or more races. 2.4% of residents are foreign-born.