Volo, IL
Population 6,398 · Illinois
About Volo, IL
Volo is a small town located in Illinois with a population of 6,398 residents according to the latest US Census Bureau American Community Survey data. The median household income is $145,906 per year, which is 94% above the national median of $75,149. The median age of 34.3 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 Volo features a median home value of $293,800, which is 20% above the national median of $244,900. This positions Volo in a moderately priced market relative to the rest of the country. Median monthly rent is $2,229, 92% above the national average of $1,163/month. Of the 2,267 total housing units, 81% are owner-occupied (1,829 units) and 19% are renter-occupied (420 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Volo shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Volo have an average one-way commute time of 32.5 minutes.
Education & Demographics
46.6% of Volo 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 2.3% White, 1.3% Hispanic or Latino, 0.3% Black or African American, and 1.0% Asian residents, with 9.5% of the population being foreign-born.
Cost of Living in Volo, IL
Compared to national averages, Volo has a median household income of $145,906 (94% above the national median of $75,149). Home values average $293,800, which is 20% above the national median. Monthly rent at $2,229 is 92% above the US average of $1,163. Within Illinois, Volo's income is 94% above the state average of $75,072, and home values are 77% above the state median of $165,779.
Why Live in Volo, IL?
Volo offers a strong local economy with a median household income of $145,906, well above the national average, and a strong job market with an unemployment rate of just 3.0%, and a well-educated community where 46.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 1.9%, better than the national average.
Volo has a population of 6,398 with a median age of 34.3 years. Compare Volo with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Volo
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Johnsburg | 6,374 | $106,827 | $312,200 | Compare |
| Monticello | 6,332 | $88,611 | $196,000 | Compare |
| Countryside | 6,294 | $78,132 | $330,700 | Compare |
| Geneseo | 6,577 | $65,226 | $196,400 | Compare |
| Chillicothe | 6,185 | $62,108 | $128,500 | Compare |
| Braidwood | 6,175 | $83,365 | $205,900 | Compare |
| Winthrop Harbor | 6,663 | $94,221 | $238,800 | Compare |
| Pontoon Beach | 6,131 | $59,375 | $137,900 | 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 Volo With Other Cities
Frequently Asked Questions about Volo
What is the population of Volo, IL?
The population of Volo, IL is 6,398 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 Volo?
The median household income in Volo, IL is $145,906 per year, which is 94% above the national median of $75,149.
What is the median home value in Volo?
The median home value in Volo, IL is $293,800, which is 20% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Volo?
The median monthly rent in Volo, IL is $2,229, which is 92% above the national average of $1,163/month.
What is the unemployment rate in Volo?
The unemployment rate in Volo, IL is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Volo, IL a good place to live?
Volo offers above-average incomes, a competitive housing market, and a strong job market. With a population of 6,398 and a median age of 34.3, the city appeals to young professionals and families.
How educated is Volo, IL?
46.6% of residents in Volo 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 Volo?
Key cost-of-living indicators for Volo, IL: median home value is $293,800 (20% above national), median rent is $2,229/month, and median household income is $145,906. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Volo?
The poverty rate in Volo, IL is 1.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Volo, IL?
Volo's population is 2.3% White, 1.3% Hispanic or Latino, 0.3% Black or African American, 1.0% Asian, and 3.0% two or more races. 9.5% of residents are foreign-born.