Weldon, IL
Population 323 · Illinois
About Weldon, IL
Weldon is a small community located in Illinois with a population of 323 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,083 per year, which is 20% below the national median of $75,149. The median age of 44.4 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 Weldon features a median home value of $89,300, which is 64% below the national median of $244,900. This makes Weldon one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $936, 20% below the national average of $1,163/month. Of the 149 total housing units, 91% are owner-occupied (124 units) and 9% are renter-occupied (13 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Weldon shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.0%, above the national average of 12.4%. Workers in Weldon have an average one-way commute time of 29.5 minutes.
Education & Demographics
9.5% of Weldon 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 0.0% White, 1.2% Hispanic or Latino, 0.0% Black or African American, and 0.9% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Weldon, IL
Compared to national averages, Weldon has a median household income of $60,083 (20% below the national median of $75,149). Home values average $89,300, which is 64% below the national median. Monthly rent at $936 is 20% below the US average of $1,163. Within Illinois, Weldon's income is 20% below the state average of $75,072, and home values are 46% below the state median of $165,779.
Why Live in Weldon, IL?
Weldon offers affordable housing with a median home value of $89,300, below the US average of $244,900, and rent that’s lower than the national average at $936/month, and a strong job market with an unemployment rate of just 3.3%.
Potential considerations include median household income ($60,083) that falls below the national average. However, Weldon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Weldon has a population of 323 with a median age of 44.4 years. Compare Weldon with other cities to see how it stacks up, or explore all cities in Illinois.
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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 Weldon
What is the population of Weldon, IL?
The population of Weldon, IL is 323 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 Weldon?
The median household income in Weldon, IL is $60,083 per year, which is 20% below the national median of $75,149.
What is the median home value in Weldon?
The median home value in Weldon, IL is $89,300, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Weldon?
The median monthly rent in Weldon, IL is $936, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Weldon?
The unemployment rate in Weldon, IL is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Weldon, IL a good place to live?
Weldon offers a moderate cost of living, affordable housing, and a strong job market. With a population of 323 and a median age of 44.4, the city appeals to a broad range of residents.
How educated is Weldon, IL?
9.5% of residents in Weldon 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 Weldon?
Key cost-of-living indicators for Weldon, IL: median home value is $89,300 (64% below national), median rent is $936/month, and median household income is $60,083. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Weldon?
The poverty rate in Weldon, IL is 13.0%, 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 Weldon, IL?
Weldon's population is 0.0% White, 1.2% Hispanic or Latino, 0.0% Black or African American, 0.9% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.