South Beloit, IL
Population 7,930 · Illinois
About South Beloit, IL
South Beloit is a small town located in Illinois with a population of 7,930 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,836 per year, which is 9% above the national median of $75,149. The median age of 35.7 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 South Beloit features a median home value of $160,800, which is 34% below the national median of $244,900. This positions South Beloit in a moderately priced market relative to the rest of the country. Median monthly rent is $925, 20% below the national average of $1,163/month. Of the 3,256 total housing units, 70% are owner-occupied (2,205 units) and 30% are renter-occupied (925 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in South Beloit shows an unemployment rate of 6.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in South Beloit have an average one-way commute time of 26.4 minutes.
Education & Demographics
24.6% of South Beloit residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 8.1% White, 3.0% Hispanic or Latino, 0.5% Black or African American, and 2.1% Asian residents, with 4.7% of the population being foreign-born.
Cost of Living in South Beloit, IL
Compared to national averages, South Beloit has a median household income of $81,836 (9% above the national median of $75,149). Home values average $160,800, which is 34% below the national median. Monthly rent at $925 is 20% below the US average of $1,163. Within Illinois, South Beloit's income is 9% above the state average of $75,072, and home values are 3% below the state median of $165,779.
Why Live in South Beloit, IL?
South Beloit offers a strong local economy with a median household income of $81,836, well above the national average, and affordable housing with a median home value of $160,800, below the US average of $244,900, and rent that’s lower than the national average at $925/month. Additionally, the city features a low poverty rate of 8.6%, better than the national average.
South Beloit has a population of 7,930 with a median age of 35.7 years. Compare South Beloit with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near South Beloit
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lincolnshire | 7,937 | $179,735 | $625,800 | Compare |
| Silvis | 7,939 | $67,569 | $161,300 | Compare |
| Broadview | 7,898 | $60,139 | $240,600 | Compare |
| West Dundee | 7,867 | $104,750 | $342,900 | Compare |
| Island Lake | 8,023 | $98,125 | $241,900 | Compare |
| Round Lake Park | 7,833 | $57,486 | $157,900 | Compare |
| Oak Brook | 8,028 | $171,123 | $867,900 | Compare |
| Princeton | 7,829 | $57,682 | $131,300 | 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 South Beloit With Other Cities
Frequently Asked Questions about South Beloit
What is the population of South Beloit, IL?
The population of South Beloit, IL is 7,930 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 South Beloit?
The median household income in South Beloit, IL is $81,836 per year, which is 9% above the national median of $75,149.
What is the median home value in South Beloit?
The median home value in South Beloit, IL is $160,800, which is 34% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in South Beloit?
The median monthly rent in South Beloit, IL is $925, which is 20% below the national average of $1,163/month.
What is the unemployment rate in South Beloit?
The unemployment rate in South Beloit, IL is 6.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is South Beloit, IL a good place to live?
South Beloit offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 7,930 and a median age of 35.7, the city appeals to a broad range of residents.
How educated is South Beloit, IL?
24.6% of residents in South Beloit 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 South Beloit?
Key cost-of-living indicators for South Beloit, IL: median home value is $160,800 (34% below national), median rent is $925/month, and median household income is $81,836. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in South Beloit?
The poverty rate in South Beloit, IL is 8.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is South Beloit, IL?
South Beloit's population is 8.1% White, 3.0% Hispanic or Latino, 0.5% Black or African American, 2.1% Asian, and 3.5% two or more races. 4.7% of residents are foreign-born.