Tremont, IL
Population 2,300 · Illinois
About Tremont, IL
Tremont is a small town located in Illinois with a population of 2,300 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,420 per year, which is 3% above the national median of $75,149. The median age of 39.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Tremont features a median home value of $200,600, which is 18% below the national median of $244,900. This positions Tremont in a moderately priced market relative to the rest of the country. Median monthly rent is $900, 23% below the national average of $1,163/month. Of the 1,151 total housing units, 64% are owner-occupied (655 units) and 36% are renter-occupied (366 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Tremont shows an unemployment rate of 0.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Tremont have an average one-way commute time of 19.6 minutes, one of the shorter commutes in the region.
Education & Demographics
37.1% of Tremont 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 2.8% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.0% of the population being foreign-born.
How Tremont Ranks in Illinois
Cost of Living in Tremont, IL
Compared to national averages, Tremont has a median household income of $77,420 (3% above the national median of $75,149). Home values average $200,600, which is 18% below the national median. Monthly rent at $900 is 23% below the US average of $1,163. Within Illinois, Tremont's income is 3% above the state average of $75,072, and home values are 21% above the state median of $165,779.
Why Live in Tremont, IL?
Tremont offers a strong local economy with a median household income of $77,420, well above the national average, and affordable housing with a median home value of $200,600, below the US average of $244,900, and rent that’s lower than the national average at $900/month. Additionally, the city features a strong job market with an unemployment rate of just 0.7%, and a well-educated community where 37.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.7%, better than the national average, and short commute times averaging just 19.6 minutes.
Tremont has a population of 2,300 with a median age of 39.8 years. Compare Tremont with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Tremont
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fox Lake Hills | 2,304 | $111,477 | $229,700 | Compare |
| Hinckley | 2,286 | $81,625 | $267,600 | Compare |
| Wayne | 2,284 | $169,583 | $674,000 | Compare |
| Preston Heights | 2,318 | $51,970 | $141,400 | Compare |
| Casey | 2,258 | $48,631 | $86,000 | Compare |
| Elmwood | 2,254 | $87,644 | $144,600 | Compare |
| Carbon Cliff | 2,248 | $55,000 | $124,600 | Compare |
| Fairmont City | 2,354 | $43,333 | $65,500 | 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 Tremont With Other Cities
Frequently Asked Questions about Tremont
What is the population of Tremont, IL?
The population of Tremont, IL is 2,300 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 Tremont?
The median household income in Tremont, IL is $77,420 per year, which is 3% above the national median of $75,149.
What is the median home value in Tremont?
The median home value in Tremont, IL is $200,600, which is 18% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Tremont?
The median monthly rent in Tremont, IL is $900, which is 23% below the national average of $1,163/month.
What is the unemployment rate in Tremont?
The unemployment rate in Tremont, IL is 0.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Tremont, IL a good place to live?
Tremont offers above-average incomes, affordable housing, and a strong job market. With a population of 2,300 and a median age of 39.8, the city appeals to a broad range of residents.
How educated is Tremont, IL?
37.1% of residents in Tremont 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 Tremont?
Key cost-of-living indicators for Tremont, IL: median home value is $200,600 (18% below national), median rent is $900/month, and median household income is $77,420. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Tremont?
The poverty rate in Tremont, IL is 4.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Tremont, IL?
Tremont's population is 2.8% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.2% two or more races. 2.0% of residents are foreign-born.