Shipman, IL
Population 667 · Illinois
About Shipman, IL
Shipman is a small community located in Illinois with a population of 667 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,500 per year, which is 17% below the national median of $75,149. The median age of 30.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Shipman features a median home value of $92,500, which is 62% below the national median of $244,900. This makes Shipman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $788, 32% below the national average of $1,163/month. Of the 248 total housing units, 82% are owner-occupied (177 units) and 18% are renter-occupied (39 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Shipman shows an unemployment rate of 1.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Shipman have an average one-way commute time of 33.2 minutes.
Education & Demographics
19.5% of Shipman 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 0.1% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Shipman, IL
Compared to national averages, Shipman has a median household income of $62,500 (17% below the national median of $75,149). Home values average $92,500, which is 62% below the national median. Monthly rent at $788 is 32% below the US average of $1,163. Within Illinois, Shipman's income is 17% below the state average of $75,072, and home values are 44% below the state median of $165,779.
Why Live in Shipman, IL?
Shipman offers affordable housing with a median home value of $92,500, below the US average of $244,900, and rent that’s lower than the national average at $788/month, and a strong job market with an unemployment rate of just 1.5%. Additionally, the city features a low poverty rate of 12.1%, better than the national average.
Potential considerations include median household income ($62,500) that falls below the national average. However, Shipman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Shipman has a population of 667 with a median age of 30.8 years. Compare Shipman with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Shipman
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Stonington | 667 | $58,438 | $101,000 | Compare |
| Mettawa | 665 | $175,074 | $750,000 | Compare |
| Avon | 670 | $45,500 | $60,000 | Compare |
| Findlay | 671 | $55,625 | $90,800 | Compare |
| Murrayville | 671 | $49,615 | $106,000 | Compare |
| Holiday Hills | 662 | $78,500 | $195,600 | Compare |
| Woodhull | 673 | $66,250 | $118,500 | Compare |
| Millington | 675 | $79,767 | $205,700 | 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.
Compare Shipman With Other Cities
Frequently Asked Questions about Shipman
What is the population of Shipman, IL?
The population of Shipman, IL is 667 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 Shipman?
The median household income in Shipman, IL is $62,500 per year, which is 17% below the national median of $75,149.
What is the median home value in Shipman?
The median home value in Shipman, IL is $92,500, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Shipman?
The median monthly rent in Shipman, IL is $788, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Shipman?
The unemployment rate in Shipman, IL is 1.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Shipman, IL a good place to live?
Shipman offers a moderate cost of living, affordable housing, and a strong job market. With a population of 667 and a median age of 30.8, the city appeals to young professionals and families.
How educated is Shipman, IL?
19.5% of residents in Shipman 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 Shipman?
Key cost-of-living indicators for Shipman, IL: median home value is $92,500 (62% below national), median rent is $788/month, and median household income is $62,500. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Shipman?
The poverty rate in Shipman, IL is 12.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Shipman, IL?
Shipman's population is 0.1% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.8% two or more races. 0.0% of residents are foreign-born.