Verona, IL
Population 267 · Illinois
About Verona, IL
Verona is a small community located in Illinois with a population of 267 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,250 per year, which is 45% below the national median of $75,149. The median age of 34.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Verona features a median home value of $108,900, which is 56% below the national median of $244,900. This makes Verona one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,125, 3% below the national average of $1,163/month. Of the 131 total housing units, 82% are owner-occupied (107 units) and 18% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Verona shows an unemployment rate of 12.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 31.8%, above the national average of 12.4%. Workers in Verona have an average one-way commute time of 29.5 minutes.
Education & Demographics
12.5% of Verona 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 19.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 5.2% of the population being foreign-born.
Cost of Living in Verona, IL
Compared to national averages, Verona has a median household income of $41,250 (45% below the national median of $75,149). Home values average $108,900, which is 56% below the national median. Monthly rent at $1,125 is 3% below the US average of $1,163. Within Illinois, Verona's income is 45% below the state average of $75,072, and home values are 34% below the state median of $165,779.
Why Live in Verona, IL?
Verona offers affordable housing with a median home value of $108,900, below the US average of $244,900, and rent that’s lower than the national average at $1,125/month.
Potential considerations include median household income ($41,250) that falls below the national average. However, Verona’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Verona has a population of 267 with a median age of 34.9 years. Compare Verona 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 Verona
What is the population of Verona, IL?
The population of Verona, IL is 267 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 Verona?
The median household income in Verona, IL is $41,250 per year, which is 45% below the national median of $75,149.
What is the median home value in Verona?
The median home value in Verona, IL is $108,900, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Verona?
The median monthly rent in Verona, IL is $1,125, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Verona?
The unemployment rate in Verona, IL is 12.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Verona, IL a good place to live?
Verona offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 267 and a median age of 34.9, the city appeals to young professionals and families.
How educated is Verona, IL?
12.5% of residents in Verona 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 Verona?
Key cost-of-living indicators for Verona, IL: median home value is $108,900 (56% below national), median rent is $1,125/month, and median household income is $41,250. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Verona?
The poverty rate in Verona, IL is 31.8%, 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 Verona, IL?
Verona's population is 19.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 5.2% of residents are foreign-born.