Prairie Grove, IL
Population 1,992 · Illinois
About Prairie Grove, IL
Prairie Grove is a small town located in Illinois with a population of 1,992 residents according to the latest US Census Bureau American Community Survey data. The median household income is $138,229 per year, which is 84% above the national median of $75,149. The median age of 41.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Prairie Grove features a median home value of $439,100, which is 79% above the national median of $244,900. This places Prairie Grove in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,110, 81% above the national average of $1,163/month. Of the 765 total housing units, 92% are owner-occupied (692 units) and 8% are renter-occupied (57 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Prairie Grove shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Prairie Grove have an average one-way commute time of 35.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
60.3% of Prairie Grove residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.4% White, 0.6% Hispanic or Latino, 0.9% Black or African American, and 0.0% Asian residents, with 9.6% of the population being foreign-born.
Cost of Living in Prairie Grove, IL
Compared to national averages, Prairie Grove has a median household income of $138,229 (84% above the national median of $75,149). Home values average $439,100, which is 79% above the national median. Monthly rent at $2,110 is 81% above the US average of $1,163. Within Illinois, Prairie Grove's income is 84% above the state average of $75,072, and home values are 165% above the state median of $165,779.
Why Live in Prairie Grove, IL?
Prairie Grove offers a strong local economy with a median household income of $138,229, well above the national average, and a strong job market with an unemployment rate of just 3.0%, and a well-educated community where 60.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $439,100. However, Prairie Grove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Prairie Grove has a population of 1,992 with a median age of 41.7 years. Compare Prairie Grove with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Prairie Grove
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Farmington | 1,990 | $64,313 | $99,300 | Compare |
| Channel Lake | 1,988 | $63,958 | $210,400 | Compare |
| Roanoke | 1,987 | $74,141 | $139,800 | Compare |
| Farmer City | 2,001 | $73,147 | $128,900 | Compare |
| Mount Olive | 1,979 | $55,139 | $96,600 | Compare |
| Lake of the Woods | 1,976 | $69,054 | $194,300 | Compare |
| Earlville | 2,015 | $62,763 | $127,300 | Compare |
| Crystal Lawns | 1,965 | $109,415 | $234,600 | 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 Prairie Grove With Other Cities
Frequently Asked Questions about Prairie Grove
What is the population of Prairie Grove, IL?
The population of Prairie Grove, IL is 1,992 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 Prairie Grove?
The median household income in Prairie Grove, IL is $138,229 per year, which is 84% above the national median of $75,149.
What is the median home value in Prairie Grove?
The median home value in Prairie Grove, IL is $439,100, which is 79% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Prairie Grove?
The median monthly rent in Prairie Grove, IL is $2,110, which is 81% above the national average of $1,163/month.
What is the unemployment rate in Prairie Grove?
The unemployment rate in Prairie Grove, IL is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Prairie Grove, IL a good place to live?
Prairie Grove offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,992 and a median age of 41.7, the city appeals to a broad range of residents.
How educated is Prairie Grove, IL?
60.3% of residents in Prairie Grove aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Prairie Grove?
Key cost-of-living indicators for Prairie Grove, IL: median home value is $439,100 (79% above national), median rent is $2,110/month, and median household income is $138,229. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Prairie Grove?
The poverty rate in Prairie Grove, IL is 4.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Prairie Grove, IL?
Prairie Grove's population is 1.4% White, 0.6% Hispanic or Latino, 0.9% Black or African American, 0.0% Asian, and 0.0% two or more races. 9.6% of residents are foreign-born.