Raritan, IL
Population 155 · Illinois
About Raritan, IL
Raritan is a small community located in Illinois with a population of 155 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,361 per year, which is 3% above the national median of $75,149. The median age of 36.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Raritan features a median home value of $80,600, which is 67% below the national median of $244,900. This makes Raritan one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 51 total housing units, 92% are owner-occupied (47 units) and 8% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Raritan shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Raritan have an average one-way commute time of 30.5 minutes.
Education & Demographics
11.9% of Raritan 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, 0.6% Hispanic or Latino, 0.0% Black or African American, and 2.6% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Raritan, IL
Compared to national averages, Raritan has a median household income of $77,361 (3% above the national median of $75,149). Home values average $80,600, which is 67% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Raritan's income is 3% above the state average of $75,072, and home values are 51% below the state median of $165,779.
Why Live in Raritan, IL?
Raritan offers a strong local economy with a median household income of $77,361, well above the national average, and affordable housing with a median home value of $80,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 3.1%, and a low poverty rate of 4.5%, better than the national average.
Raritan has a population of 155 with a median age of 36.6 years. Compare Raritan with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Raritan
What is the population of Raritan, IL?
The population of Raritan, IL is 155 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 Raritan?
The median household income in Raritan, IL is $77,361 per year, which is 3% above the national median of $75,149.
What is the median home value in Raritan?
The median home value in Raritan, IL is $80,600, which is 67% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Raritan?
The median monthly rent in Raritan, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Raritan?
The unemployment rate in Raritan, IL is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Raritan, IL a good place to live?
Raritan offers above-average incomes, affordable housing, and a strong job market. With a population of 155 and a median age of 36.6, the city appeals to a broad range of residents.
How educated is Raritan, IL?
11.9% of residents in Raritan 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 Raritan?
Key cost-of-living indicators for Raritan, IL: median home value is $80,600 (67% below national), median rent is $0/month, and median household income is $77,361. The home-value-to-income ratio is 1.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Raritan?
The poverty rate in Raritan, IL is 4.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Raritan, IL?
Raritan's population is 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 2.6% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.