Ransom, IL
Population 312 · Illinois
About Ransom, IL
Ransom is a small community in Illinois with a population of 312 residents. The median household income is $69,250 per year, which is near the national average. The median age in Ransom is 35.5 years.
Housing in Ransom has a median home value of $101,500 and median monthly rent of $700. Of the 149 total housing units, the majority are owner-occupied, with 104 owner-occupied and 22 renter-occupied units.
The unemployment rate in Ransom is 2.3% and the poverty rate is 14.7%. 14.7% of residents hold a bachelor's degree or higher. The average commute time is 33 minutes.
Cost of Living in Ransom, IL
Compared to national averages, Ransom has a median household income of $69,250 (8% below the national median of $75,149). Home values average $101,500, which is 59% below the national median. Monthly rent at $700 is 40% below the US average of $1,163. Within Illinois, Ransom's income is 8% below the state average of $75,072, and home values are 39% below the state median of $165,779.
Why Live in Ransom, IL?
Ransom offers affordable housing with a median home value of $101,500, below the US average of $244,900, and rent that’s lower than the national average at $700/month, and a strong job market with an unemployment rate of just 2.3%.
Potential considerations include median household income ($69,250) that falls below the national average. However, Ransom’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ransom has a population of 312 with a median age of 35.5 years. Compare Ransom with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Ransom
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Martinton | 312 | $86,000 | $110,500 | Compare |
| Royal | 313 | $93,500 | $144,600 | Compare |
| Arenzville | 310 | $82,188 | $109,900 | Compare |
| Virgil | 310 | $97,500 | $301,500 | Compare |
| Addieville | 315 | $101,875 | $153,300 | Compare |
| Waltonville | 315 | $69,583 | $96,100 | Compare |
| Manlius | 308 | $67,500 | $87,800 | Compare |
| Royal Lakes | 318 | $0 | $54,400 | 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.
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Frequently Asked Questions about Ransom
What is the population of Ransom, IL?
The population of Ransom, IL is 312 according to the latest Census data.
What is the median household income in Ransom?
The median household income in Ransom, IL is $69,250 per year.
What is the median home value in Ransom?
The median home value in Ransom, IL is $101,500.
What is the average rent in Ransom?
The median monthly rent in Ransom, IL is $700.
What is the unemployment rate in Ransom?
The unemployment rate in Ransom, IL is 2.3%.