Versailles, IL
Population 369 · Illinois
About Versailles, IL
Versailles is a small community located in Illinois with a population of 369 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,125 per year, which is 43% below the national median of $75,149. The median age of 39.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Versailles features a median home value of $85,000, which is 65% below the national median of $244,900. This makes Versailles one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 212 total housing units, 82% are owner-occupied (141 units) and 18% are renter-occupied (32 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Versailles shows an unemployment rate of 5.5%, which is near the national rate of 3.7%. The poverty rate stands at 20.9%, above the national average of 12.4%. Workers in Versailles have an average one-way commute time of 21.2 minutes.
Education & Demographics
3.7% of Versailles 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 2.2% White, 11.9% Hispanic or Latino, 0.5% Black or African American, and 0.0% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Versailles, IL
Compared to national averages, Versailles has a median household income of $43,125 (43% below the national median of $75,149). Home values average $85,000, which is 65% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Versailles's income is 43% below the state average of $75,072, and home values are 49% below the state median of $165,779.
Why Live in Versailles, IL?
Versailles offers affordable housing with a median home value of $85,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 21.2 minutes.
Potential considerations include median household income ($43,125) that falls below the national average. However, Versailles’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Versailles has a population of 369 with a median age of 39.3 years. Compare Versailles 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 Versailles
What is the population of Versailles, IL?
The population of Versailles, IL is 369 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 Versailles?
The median household income in Versailles, IL is $43,125 per year, which is 43% below the national median of $75,149.
What is the median home value in Versailles?
The median home value in Versailles, IL is $85,000, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Versailles?
The median monthly rent in Versailles, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Versailles?
The unemployment rate in Versailles, IL is 5.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Versailles, IL a good place to live?
Versailles offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 369 and a median age of 39.3, the city appeals to a broad range of residents.
How educated is Versailles, IL?
3.7% of residents in Versailles 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 Versailles?
Key cost-of-living indicators for Versailles, IL: median home value is $85,000 (65% below national), median rent is $0/month, and median household income is $43,125. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Versailles?
The poverty rate in Versailles, IL is 20.9%, 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 Versailles, IL?
Versailles's population is 2.2% White, 11.9% Hispanic or Latino, 0.5% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.5% of residents are foreign-born.