Warsaw, IL
Population 1,511 · Illinois
About Warsaw, IL
Warsaw is a small town located in Illinois with a population of 1,511 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,074 per year, which is 23% below the national median of $75,149. The median age of 46.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Warsaw features a median home value of $90,700, which is 63% below the national median of $244,900. This makes Warsaw one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $769, 34% below the national average of $1,163/month. Of the 810 total housing units, 80% are owner-occupied (558 units) and 20% are renter-occupied (137 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Warsaw shows an unemployment rate of 13.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Warsaw have an average one-way commute time of 25.7 minutes.
Education & Demographics
19.2% of Warsaw 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 0.7% White, 1.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Warsaw, IL
Compared to national averages, Warsaw has a median household income of $58,074 (23% below the national median of $75,149). Home values average $90,700, which is 63% below the national median. Monthly rent at $769 is 34% below the US average of $1,163. Within Illinois, Warsaw's income is 23% below the state average of $75,072, and home values are 45% below the state median of $165,779.
Why Live in Warsaw, IL?
Warsaw offers affordable housing with a median home value of $90,700, below the US average of $244,900, and rent that’s lower than the national average at $769/month, and a low poverty rate of 11.5%, better than the national average.
Potential considerations include median household income ($58,074) that falls below the national average. However, Warsaw’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Warsaw has a population of 1,511 with a median age of 46.4 years. Compare Warsaw with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Warsaw
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lanark | 1,510 | $66,250 | $97,100 | Compare |
| Mount Pulaski | 1,513 | $70,175 | $113,400 | Compare |
| Grayville | 1,515 | $47,308 | $76,000 | Compare |
| Malta | 1,507 | $83,611 | $178,900 | Compare |
| Mount Carroll | 1,515 | $59,167 | $88,800 | Compare |
| Williamsville | 1,519 | $104,135 | $187,000 | Compare |
| Kirkland | 1,497 | $92,500 | $187,800 | Compare |
| Harristown | 1,526 | $74,018 | $116,700 | 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 Warsaw With Other Cities
Frequently Asked Questions about Warsaw
What is the population of Warsaw, IL?
The population of Warsaw, IL is 1,511 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 Warsaw?
The median household income in Warsaw, IL is $58,074 per year, which is 23% below the national median of $75,149.
What is the median home value in Warsaw?
The median home value in Warsaw, IL is $90,700, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Warsaw?
The median monthly rent in Warsaw, IL is $769, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Warsaw?
The unemployment rate in Warsaw, IL is 13.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Warsaw, IL a good place to live?
Warsaw offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,511 and a median age of 46.4, the city appeals to established professionals and retirees.
How educated is Warsaw, IL?
19.2% of residents in Warsaw 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 Warsaw?
Key cost-of-living indicators for Warsaw, IL: median home value is $90,700 (63% below national), median rent is $769/month, and median household income is $58,074. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Warsaw?
The poverty rate in Warsaw, IL is 11.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Warsaw, IL?
Warsaw's population is 0.7% White, 1.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.2% two or more races. 0.8% of residents are foreign-born.