Shannon, IL
Population 772 · Illinois
About Shannon, IL
Shannon is a small community in Illinois with a population of 772 residents. The median household income is $59,375 per year, which is near the national average. The median age in Shannon is 49.1 years.
Housing in Shannon has a median home value of $114,100 and median monthly rent of $675. Of the 418 total housing units, the majority are owner-occupied, with 320 owner-occupied and 46 renter-occupied units.
The unemployment rate in Shannon is 2.1% and the poverty rate is 8.8%. 15.9% of residents hold a bachelor's degree or higher. The average commute time is 25.9 minutes.
Cost of Living in Shannon, IL
Compared to national averages, Shannon has a median household income of $59,375 (21% below the national median of $75,149). Home values average $114,100, which is 53% below the national median. Monthly rent at $675 is 42% below the US average of $1,163. Within Illinois, Shannon's income is 21% below the state average of $75,072, and home values are 31% below the state median of $165,779.
Why Live in Shannon, IL?
Shannon offers affordable housing with a median home value of $114,100, below the US average of $244,900, and rent that’s lower than the national average at $675/month, and a strong job market with an unemployment rate of just 2.1%. Additionally, the city features a low poverty rate of 8.8%, better than the national average.
Potential considerations include median household income ($59,375) that falls below the national average. However, Shannon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Shannon has a population of 772 with a median age of 49.1 years. Compare Shannon with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Shannon
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bradford | 773 | $52,386 | $71,800 | Compare |
| Coulterville | 770 | $57,813 | $76,100 | Compare |
| Oneida | 770 | $66,615 | $107,400 | Compare |
| Kirkwood | 769 | $70,385 | $89,500 | Compare |
| Lake Petersburg | 769 | $124,643 | $336,200 | Compare |
| West Salem | 769 | $50,500 | $65,800 | Compare |
| Bartelso | 768 | $93,929 | $192,000 | Compare |
| Ringwood | 778 | $157,500 | $364,700 | 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 Shannon
What is the population of Shannon, IL?
The population of Shannon, IL is 772 according to the latest Census data.
What is the median household income in Shannon?
The median household income in Shannon, IL is $59,375 per year.
What is the median home value in Shannon?
The median home value in Shannon, IL is $114,100.
What is the average rent in Shannon?
The median monthly rent in Shannon, IL is $675.
What is the unemployment rate in Shannon?
The unemployment rate in Shannon, IL is 2.1%.