Sleepy Hollow, IL
Population 3,165 · Illinois
About Sleepy Hollow, IL
Sleepy Hollow is a small town located in Illinois with a population of 3,165 residents according to the latest US Census Bureau American Community Survey data. The median household income is $147,407 per year, which is 96% above the national median of $75,149. The median age of 48.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Sleepy Hollow features a median home value of $365,200, which is 49% above the national median of $244,900. This positions Sleepy Hollow in a moderately priced market relative to the rest of the country. Median monthly rent is $1,206, 4% above the national average of $1,163/month. Of the 1,120 total housing units, 94% are owner-occupied (1,048 units) and 6% are renter-occupied (72 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Sleepy Hollow shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Sleepy Hollow have an average one-way commute time of 31.2 minutes.
Education & Demographics
46.9% of Sleepy Hollow 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 19.7% White, 0.3% Hispanic or Latino, 0.3% Black or African American, and 2.4% Asian residents, with 12.7% of the population being foreign-born.
How Sleepy Hollow Ranks in Illinois
Cost of Living in Sleepy Hollow, IL
Compared to national averages, Sleepy Hollow has a median household income of $147,407 (96% above the national median of $75,149). Home values average $365,200, which is 49% above the national median. Monthly rent at $1,206 is 4% above the US average of $1,163. Within Illinois, Sleepy Hollow's income is 96% above the state average of $75,072, and home values are 120% above the state median of $165,779.
Why Live in Sleepy Hollow, IL?
Sleepy Hollow offers a strong local economy with a median household income of $147,407, well above the national average, and a well-educated community where 46.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.0%, better than the national average.
Sleepy Hollow has a population of 3,165 with a median age of 48.2 years. Compare Sleepy Hollow with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Sleepy Hollow
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Virden | 3,165 | $78,750 | $98,800 | Compare |
| Holiday Shores | 3,162 | $98,265 | $231,300 | Compare |
| East Dundee | 3,156 | $87,102 | $260,000 | Compare |
| Havana | 3,176 | $55,428 | $95,200 | Compare |
| Le Roy | 3,177 | $87,500 | $165,600 | Compare |
| Knoxville | 3,137 | $80,385 | $139,900 | Compare |
| Carlyle | 3,134 | $67,083 | $151,900 | Compare |
| Gillespie | 3,118 | $76,806 | $89,500 | 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 Sleepy Hollow With Other Cities
Frequently Asked Questions about Sleepy Hollow
What is the population of Sleepy Hollow, IL?
The population of Sleepy Hollow, IL is 3,165 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 Sleepy Hollow?
The median household income in Sleepy Hollow, IL is $147,407 per year, which is 96% above the national median of $75,149.
What is the median home value in Sleepy Hollow?
The median home value in Sleepy Hollow, IL is $365,200, which is 49% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Sleepy Hollow?
The median monthly rent in Sleepy Hollow, IL is $1,206, which is 4% above the national average of $1,163/month.
What is the unemployment rate in Sleepy Hollow?
The unemployment rate in Sleepy Hollow, IL is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Sleepy Hollow, IL a good place to live?
Sleepy Hollow offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,165 and a median age of 48.2, the city appeals to established professionals and retirees.
How educated is Sleepy Hollow, IL?
46.9% of residents in Sleepy Hollow 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 Sleepy Hollow?
Key cost-of-living indicators for Sleepy Hollow, IL: median home value is $365,200 (49% above national), median rent is $1,206/month, and median household income is $147,407. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Sleepy Hollow?
The poverty rate in Sleepy Hollow, IL is 5.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Sleepy Hollow, IL?
Sleepy Hollow's population is 19.7% White, 0.3% Hispanic or Latino, 0.3% Black or African American, 2.4% Asian, and 2.5% two or more races. 12.7% of residents are foreign-born.