Taylor Springs, IL
Population 691 · Illinois
About Taylor Springs, IL
Taylor Springs is a small community located in Illinois with a population of 691 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,323 per year, which is 40% below the national median of $75,149. The median age of 59.4 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 Taylor Springs features a median home value of $67,100, which is 73% below the national median of $244,900. This makes Taylor Springs one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $781, 33% below the national average of $1,163/month. Of the 310 total housing units, 76% are owner-occupied (226 units) and 24% are renter-occupied (70 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Taylor Springs shows an unemployment rate of 4.9%, which is near the national rate of 3.7%. The poverty rate stands at 20.0%, above the national average of 12.4%. Workers in Taylor Springs have an average one-way commute time of 20.5 minutes.
Education & Demographics
10.1% of Taylor Springs 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 3.0% 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 Taylor Springs, IL
Compared to national averages, Taylor Springs has a median household income of $45,323 (40% below the national median of $75,149). Home values average $67,100, which is 73% below the national median. Monthly rent at $781 is 33% below the US average of $1,163. Within Illinois, Taylor Springs's income is 40% below the state average of $75,072, and home values are 60% below the state median of $165,779.
Why Live in Taylor Springs, IL?
Taylor Springs offers affordable housing with a median home value of $67,100, below the US average of $244,900, and rent that’s lower than the national average at $781/month, and short commute times averaging just 20.5 minutes.
Potential considerations include median household income ($45,323) that falls below the national average. However, Taylor Springs’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Taylor Springs has a population of 691 with a median age of 59.4 years. Compare Taylor Springs with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Taylor Springs
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brimfield | 692 | $61,417 | $144,800 | Compare |
| Dalton City | 686 | $69,231 | $99,200 | Compare |
| Hurst | 685 | $34,113 | $73,000 | Compare |
| Green Valley | 700 | $62,986 | $116,700 | Compare |
| Aroma Park | 702 | $72,250 | $150,400 | Compare |
| Brookport | 680 | $40,781 | $60,300 | Compare |
| Matherville | 703 | $80,714 | $136,200 | Compare |
| Cedarville | 705 | $59,712 | $110,600 | 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 Taylor Springs With Other Cities
Frequently Asked Questions about Taylor Springs
What is the population of Taylor Springs, IL?
The population of Taylor Springs, IL is 691 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 Taylor Springs?
The median household income in Taylor Springs, IL is $45,323 per year, which is 40% below the national median of $75,149.
What is the median home value in Taylor Springs?
The median home value in Taylor Springs, IL is $67,100, which is 73% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Taylor Springs?
The median monthly rent in Taylor Springs, IL is $781, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Taylor Springs?
The unemployment rate in Taylor Springs, IL is 4.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Taylor Springs, IL a good place to live?
Taylor Springs offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 691 and a median age of 59.4, the city appeals to established professionals and retirees.
How educated is Taylor Springs, IL?
10.1% of residents in Taylor Springs 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 Taylor Springs?
Key cost-of-living indicators for Taylor Springs, IL: median home value is $67,100 (73% below national), median rent is $781/month, and median household income is $45,323. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Taylor Springs?
The poverty rate in Taylor Springs, IL is 20.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Taylor Springs, IL?
Taylor Springs's population is 3.0% 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.