Walnut, IL
Population 1,402 · Illinois
About Walnut, IL
Walnut is a small community in Illinois with a population of 1,402 residents. The median household income is $62,019 per year, which is near the national average. The median age in Walnut is 36.9 years.
Housing in Walnut has a median home value of $94,700 and median monthly rent of $591. Of the 620 total housing units, the majority are owner-occupied, with 487 owner-occupied and 94 renter-occupied units.
The unemployment rate in Walnut is 3.0% and the poverty rate is 8.1%. 18.8% of residents hold a bachelor's degree or higher. The average commute time is 22.7 minutes.
Cost of Living in Walnut, IL
Compared to national averages, Walnut has a median household income of $62,019 (17% below the national median of $75,149). Home values average $94,700, which is 61% below the national median. Monthly rent at $591 is 49% below the US average of $1,163. Within Illinois, Walnut's income is 17% below the state average of $75,072, and home values are 43% below the state median of $165,779.
Why Live in Walnut, IL?
Walnut offers affordable housing with a median home value of $94,700, below the US average of $244,900, and rent that’s lower than the national average at $591/month, and a strong job market with an unemployment rate of just 3.0%. Additionally, the city features a low poverty rate of 8.1%, better than the national average, and short commute times averaging just 22.7 minutes.
Potential considerations include median household income ($62,019) that falls below the national average. However, Walnut’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Walnut has a population of 1,402 with a median age of 36.9 years. Compare Walnut with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Walnut
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| St. Elmo | 1,401 | $47,115 | $80,300 | Compare |
| Arbury Hills | 1,408 | $103,456 | $225,600 | Compare |
| Palestine | 1,396 | $60,000 | $75,800 | Compare |
| Ladd | 1,393 | $73,646 | $123,600 | Compare |
| Toulon | 1,390 | $51,316 | $96,100 | Compare |
| Waterman | 1,419 | $97,386 | $212,900 | Compare |
| Mazon | 1,424 | $76,458 | $203,100 | Compare |
| Cerro Gordo | 1,426 | $69,118 | $108,000 | 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.
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Frequently Asked Questions about Walnut
What is the population of Walnut, IL?
The population of Walnut, IL is 1,402 according to the latest Census data.
What is the median household income in Walnut?
The median household income in Walnut, IL is $62,019 per year.
What is the median home value in Walnut?
The median home value in Walnut, IL is $94,700.
What is the average rent in Walnut?
The median monthly rent in Walnut, IL is $591.
What is the unemployment rate in Walnut?
The unemployment rate in Walnut, IL is 3.0%.