Williamsfield, IL
Population 500 · Illinois
About Williamsfield, IL
Williamsfield is a small community located in Illinois with a population of 500 residents according to the latest US Census Bureau American Community Survey data. The median household income is $75,208 per year, which is 0% above the national median of $75,149. The median age of 36.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Williamsfield features a median home value of $98,100, which is 60% below the national median of $244,900. This makes Williamsfield one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $625, 46% below the national average of $1,163/month. Of the 208 total housing units, 94% are owner-occupied (175 units) and 6% are renter-occupied (12 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Williamsfield shows an unemployment rate of 2.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Williamsfield have an average one-way commute time of 24.7 minutes.
Education & Demographics
20.1% of Williamsfield 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, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.2% of the population being foreign-born.
Cost of Living in Williamsfield, IL
Compared to national averages, Williamsfield has a median household income of $75,208 (0% above the national median of $75,149). Home values average $98,100, which is 60% below the national median. Monthly rent at $625 is 46% below the US average of $1,163. Within Illinois, Williamsfield's income is 0% above the state average of $75,072, and home values are 41% below the state median of $165,779.
Why Live in Williamsfield, IL?
Williamsfield offers a strong local economy with a median household income of $75,208, well above the national average, and affordable housing with a median home value of $98,100, below the US average of $244,900, and rent that’s lower than the national average at $625/month. Additionally, the city features a strong job market with an unemployment rate of just 2.4%, and a low poverty rate of 6.2%, better than the national average, and short commute times averaging just 24.7 minutes.
Williamsfield has a population of 500 with a median age of 36.6 years. Compare Williamsfield with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Williamsfield
What is the population of Williamsfield, IL?
The population of Williamsfield, IL is 500 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 Williamsfield?
The median household income in Williamsfield, IL is $75,208 per year, which is 0% above the national median of $75,149.
What is the median home value in Williamsfield?
The median home value in Williamsfield, IL is $98,100, which is 60% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Williamsfield?
The median monthly rent in Williamsfield, IL is $625, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Williamsfield?
The unemployment rate in Williamsfield, IL is 2.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Williamsfield, IL a good place to live?
Williamsfield offers above-average incomes, affordable housing, and a strong job market. With a population of 500 and a median age of 36.6, the city appeals to a broad range of residents.
How educated is Williamsfield, IL?
20.1% of residents in Williamsfield 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 Williamsfield?
Key cost-of-living indicators for Williamsfield, IL: median home value is $98,100 (60% below national), median rent is $625/month, and median household income is $75,208. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Williamsfield?
The poverty rate in Williamsfield, IL is 6.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Williamsfield, IL?
Williamsfield's population is 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 13.8% two or more races. 0.2% of residents are foreign-born.