Tallula, IL
Population 595 · Illinois
About Tallula, IL
Tallula is a small community located in Illinois with a population of 595 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,156 per year, which is 20% below the national median of $75,149. The median age of 45.1 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 Tallula features a median home value of $96,900, which is 60% below the national median of $244,900. This makes Tallula one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,094, 6% below the national average of $1,163/month. Of the 288 total housing units, 86% are owner-occupied (222 units) and 14% are renter-occupied (35 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Tallula shows an unemployment rate of 13.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Tallula have an average one-way commute time of 29.1 minutes.
Education & Demographics
15.9% of Tallula 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 0.8% White, 0.0% 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 Tallula, IL
Compared to national averages, Tallula has a median household income of $60,156 (20% below the national median of $75,149). Home values average $96,900, which is 60% below the national median. Monthly rent at $1,094 is 6% below the US average of $1,163. Within Illinois, Tallula's income is 20% below the state average of $75,072, and home values are 42% below the state median of $165,779.
Why Live in Tallula, IL?
Tallula offers affordable housing with a median home value of $96,900, below the US average of $244,900, and rent that’s lower than the national average at $1,094/month, and a low poverty rate of 7.7%, better than the national average.
Potential considerations include median household income ($60,156) that falls below the national average. However, Tallula’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Tallula has a population of 595 with a median age of 45.1 years. Compare Tallula 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 Tallula
What is the population of Tallula, IL?
The population of Tallula, IL is 595 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 Tallula?
The median household income in Tallula, IL is $60,156 per year, which is 20% below the national median of $75,149.
What is the median home value in Tallula?
The median home value in Tallula, IL is $96,900, which is 60% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Tallula?
The median monthly rent in Tallula, IL is $1,094, which is 6% below the national average of $1,163/month.
What is the unemployment rate in Tallula?
The unemployment rate in Tallula, IL is 13.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Tallula, IL a good place to live?
Tallula offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 595 and a median age of 45.1, the city appeals to established professionals and retirees.
How educated is Tallula, IL?
15.9% of residents in Tallula 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 Tallula?
Key cost-of-living indicators for Tallula, IL: median home value is $96,900 (60% below national), median rent is $1,094/month, and median household income is $60,156. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Tallula?
The poverty rate in Tallula, IL is 7.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Tallula, IL?
Tallula's population is 0.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.