Wadsworth, IL
Population 3,535 · Illinois
About Wadsworth, IL
Wadsworth is a small town located in Illinois with a population of 3,535 residents according to the latest US Census Bureau American Community Survey data. The median household income is $121,583 per year, which is 62% above the national median of $75,149. The median age of 40.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Wadsworth features a median home value of $377,900, which is 54% above the national median of $244,900. This places Wadsworth in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,052, 10% below the national average of $1,163/month. Of the 1,365 total housing units, 97% are owner-occupied (1,273 units) and 3% are renter-occupied (43 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wadsworth 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 4.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wadsworth have an average one-way commute time of 28.8 minutes.
Education & Demographics
50.1% of Wadsworth 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 14.1% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 2.2% Asian residents, with 7.2% of the population being foreign-born.
Cost of Living in Wadsworth, IL
Compared to national averages, Wadsworth has a median household income of $121,583 (62% above the national median of $75,149). Home values average $377,900, which is 54% above the national median. Monthly rent at $1,052 is 10% below the US average of $1,163. Within Illinois, Wadsworth's income is 62% above the state average of $75,072, and home values are 128% above the state median of $165,779.
Why Live in Wadsworth, IL?
Wadsworth offers a strong local economy with a median household income of $121,583, well above the national average, and rent that’s lower than the national average at $1,052/month, and a well-educated community where 50.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $377,900. However, Wadsworth’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wadsworth has a population of 3,535 with a median age of 40.1 years. Compare Wadsworth with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Wadsworth
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hainesville | 3,524 | $126,125 | $218,500 | Compare |
| Tolono | 3,546 | $79,333 | $207,200 | Compare |
| Smithton | 3,512 | $114,453 | $251,600 | Compare |
| Riverton | 3,506 | $75,527 | $140,000 | Compare |
| New Baden | 3,493 | $77,542 | $160,600 | Compare |
| Gibson City | 3,609 | $47,104 | $138,400 | Compare |
| Fulton | 3,457 | $42,452 | $124,400 | Compare |
| Westville | 3,442 | $52,809 | $98,800 | 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 Wadsworth With Other Cities
Frequently Asked Questions about Wadsworth
What is the population of Wadsworth, IL?
The population of Wadsworth, IL is 3,535 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 Wadsworth?
The median household income in Wadsworth, IL is $121,583 per year, which is 62% above the national median of $75,149.
What is the median home value in Wadsworth?
The median home value in Wadsworth, IL is $377,900, which is 54% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wadsworth?
The median monthly rent in Wadsworth, IL is $1,052, which is 10% below the national average of $1,163/month.
What is the unemployment rate in Wadsworth?
The unemployment rate in Wadsworth, 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 Wadsworth, IL a good place to live?
Wadsworth offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,535 and a median age of 40.1, the city appeals to a broad range of residents.
How educated is Wadsworth, IL?
50.1% of residents in Wadsworth 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 Wadsworth?
Key cost-of-living indicators for Wadsworth, IL: median home value is $377,900 (54% above national), median rent is $1,052/month, and median household income is $121,583. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wadsworth?
The poverty rate in Wadsworth, IL is 4.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wadsworth, IL?
Wadsworth's population is 14.1% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 2.2% Asian, and 3.2% two or more races. 7.2% of residents are foreign-born.