Piper City, IL
Population 716 · Illinois
About Piper City, IL
Piper City is a small community located in Illinois with a population of 716 residents according to the latest US Census Bureau American Community Survey data. The median household income is $39,338 per year, which is 48% below the national median of $75,149. The median age of 45.7 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 Piper City features a median home value of $76,600, which is 69% below the national median of $244,900. This makes Piper City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $786, 32% below the national average of $1,163/month. Of the 373 total housing units, 73% are owner-occupied (241 units) and 27% are renter-occupied (91 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Piper City shows an unemployment rate of 18.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.4%, above the national average of 12.4%. Workers in Piper City have an average one-way commute time of 22.9 minutes.
Education & Demographics
8.2% of Piper City 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 6.0% White, 1.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.3% of the population being foreign-born.
Cost of Living in Piper City, IL
Compared to national averages, Piper City has a median household income of $39,338 (48% below the national median of $75,149). Home values average $76,600, which is 69% below the national median. Monthly rent at $786 is 32% below the US average of $1,163. Within Illinois, Piper City's income is 48% below the state average of $75,072, and home values are 54% below the state median of $165,779.
Why Live in Piper City, IL?
Piper City offers affordable housing with a median home value of $76,600, below the US average of $244,900, and rent that’s lower than the national average at $786/month, and short commute times averaging just 22.9 minutes.
Potential considerations include median household income ($39,338) that falls below the national average. However, Piper City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Piper City has a population of 716 with a median age of 45.7 years. Compare Piper City 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 Piper City
What is the population of Piper City, IL?
The population of Piper City, IL is 716 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 Piper City?
The median household income in Piper City, IL is $39,338 per year, which is 48% below the national median of $75,149.
What is the median home value in Piper City?
The median home value in Piper City, IL is $76,600, which is 69% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Piper City?
The median monthly rent in Piper City, IL is $786, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Piper City?
The unemployment rate in Piper City, IL is 18.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Piper City, IL a good place to live?
Piper City offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 716 and a median age of 45.7, the city appeals to established professionals and retirees.
How educated is Piper City, IL?
8.2% of residents in Piper City 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 Piper City?
Key cost-of-living indicators for Piper City, IL: median home value is $76,600 (69% below national), median rent is $786/month, and median household income is $39,338. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Piper City?
The poverty rate in Piper City, IL is 13.4%, 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 Piper City, IL?
Piper City's population is 6.0% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.2% two or more races. 4.3% of residents are foreign-born.