Varna, IL
Population 425 · Illinois
About Varna, IL
Varna is a small community located in Illinois with a population of 425 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,250 per year, which is 18% below the national median of $75,149. The median age of 42.2 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 Varna features a median home value of $89,000, which is 64% below the national median of $244,900. This makes Varna one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $838, 28% below the national average of $1,163/month. Of the 190 total housing units, 85% are owner-occupied (140 units) and 15% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Varna shows an unemployment rate of 7.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.4%, above the national average of 12.4%. Workers in Varna have an average one-way commute time of 27.6 minutes.
Education & Demographics
11.5% of Varna 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 0.5% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Varna, IL
Compared to national averages, Varna has a median household income of $61,250 (18% below the national median of $75,149). Home values average $89,000, which is 64% below the national median. Monthly rent at $838 is 28% below the US average of $1,163. Within Illinois, Varna's income is 18% below the state average of $75,072, and home values are 46% below the state median of $165,779.
Why Live in Varna, IL?
Varna offers affordable housing with a median home value of $89,000, below the US average of $244,900, and rent that’s lower than the national average at $838/month.
Potential considerations include median household income ($61,250) that falls below the national average. However, Varna’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Varna has a population of 425 with a median age of 42.2 years. Compare Varna 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 Varna
What is the population of Varna, IL?
The population of Varna, IL is 425 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 Varna?
The median household income in Varna, IL is $61,250 per year, which is 18% below the national median of $75,149.
What is the median home value in Varna?
The median home value in Varna, IL is $89,000, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Varna?
The median monthly rent in Varna, IL is $838, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Varna?
The unemployment rate in Varna, IL is 7.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Varna, IL a good place to live?
Varna offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 425 and a median age of 42.2, the city appeals to a broad range of residents.
How educated is Varna, IL?
11.5% of residents in Varna 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 Varna?
Key cost-of-living indicators for Varna, IL: median home value is $89,000 (64% below national), median rent is $838/month, and median household income is $61,250. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Varna?
The poverty rate in Varna, IL is 16.4%, 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 Varna, IL?
Varna's population is 0.5% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.