Twin Grove, IL
Population 1,554 · Illinois
About Twin Grove, IL
Twin Grove is a small town located in Illinois with a population of 1,554 residents according to the latest US Census Bureau American Community Survey data. The median household income is $113,250 per year, which is 51% above the national median of $75,149. The median age of 41.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Twin Grove features a median home value of $246,400, which is 1% above the national median of $244,900. This positions Twin Grove in a moderately priced market relative to the rest of the country. Median monthly rent is $1,111, 4% below the national average of $1,163/month. Of the 616 total housing units, 91% are owner-occupied (539 units) and 9% are renter-occupied (56 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Twin Grove shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Twin Grove have an average one-way commute time of 25.7 minutes.
Education & Demographics
56.0% of Twin Grove 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 1.5% White, 0.0% Hispanic or Latino, 0.6% Black or African American, and 0.7% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Twin Grove, IL
Compared to national averages, Twin Grove has a median household income of $113,250 (51% above the national median of $75,149). Home values average $246,400, which is 1% above the national median. Monthly rent at $1,111 is 4% below the US average of $1,163. Within Illinois, Twin Grove's income is 51% above the state average of $75,072, and home values are 49% above the state median of $165,779.
Why Live in Twin Grove, IL?
Twin Grove offers a strong local economy with a median household income of $113,250, well above the national average, and rent that’s lower than the national average at $1,111/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 56.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.0%, better than the national average.
Twin Grove has a population of 1,554 with a median age of 41.3 years. Compare Twin Grove with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Twin Grove
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chenoa | 1,559 | $66,625 | $120,700 | Compare |
| Grant Park | 1,547 | $72,500 | $205,500 | Compare |
| Winchester | 1,543 | $54,286 | $96,000 | Compare |
| Benld | 1,535 | $45,667 | $83,000 | Compare |
| Port Barrington | 1,574 | $144,167 | $361,300 | Compare |
| Gilman | 1,576 | $65,729 | $108,900 | Compare |
| Wyoming | 1,532 | $57,969 | $105,700 | Compare |
| Harristown | 1,526 | $74,018 | $116,700 | 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 Twin Grove With Other Cities
Frequently Asked Questions about Twin Grove
What is the population of Twin Grove, IL?
The population of Twin Grove, IL is 1,554 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 Twin Grove?
The median household income in Twin Grove, IL is $113,250 per year, which is 51% above the national median of $75,149.
What is the median home value in Twin Grove?
The median home value in Twin Grove, IL is $246,400, which is 1% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Twin Grove?
The median monthly rent in Twin Grove, IL is $1,111, which is 4% below the national average of $1,163/month.
What is the unemployment rate in Twin Grove?
The unemployment rate in Twin Grove, IL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Twin Grove, IL a good place to live?
Twin Grove offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,554 and a median age of 41.3, the city appeals to a broad range of residents.
How educated is Twin Grove, IL?
56.0% of residents in Twin Grove 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 Twin Grove?
Key cost-of-living indicators for Twin Grove, IL: median home value is $246,400 (1% above national), median rent is $1,111/month, and median household income is $113,250. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Twin Grove?
The poverty rate in Twin Grove, IL is 8.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Twin Grove, IL?
Twin Grove's population is 1.5% White, 0.0% Hispanic or Latino, 0.6% Black or African American, 0.7% Asian, and 1.9% two or more races. 0.5% of residents are foreign-born.