Winchester, IL
Population 1,543 · Illinois
About Winchester, IL
Winchester is a small town located in Illinois with a population of 1,543 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,286 per year, which is 28% below the national median of $75,149. The median age of 39.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Winchester features a median home value of $96,000, which is 61% below the national median of $244,900. This makes Winchester one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $627, 46% below the national average of $1,163/month. Of the 772 total housing units, 65% are owner-occupied (435 units) and 35% are renter-occupied (239 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Winchester shows an unemployment rate of 4.9%, which is near the national rate of 3.7%. The poverty rate stands at 21.2%, above the national average of 12.4%. Workers in Winchester have an average one-way commute time of 25.4 minutes.
Education & Demographics
20.7% of Winchester 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 0.8% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Winchester, IL
Compared to national averages, Winchester has a median household income of $54,286 (28% below the national median of $75,149). Home values average $96,000, which is 61% below the national median. Monthly rent at $627 is 46% below the US average of $1,163. Within Illinois, Winchester's income is 28% below the state average of $75,072, and home values are 42% below the state median of $165,779.
Why Live in Winchester, IL?
Winchester offers affordable housing with a median home value of $96,000, below the US average of $244,900, and rent that’s lower than the national average at $627/month.
Potential considerations include median household income ($54,286) that falls below the national average. However, Winchester’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Winchester has a population of 1,543 with a median age of 39.1 years. Compare Winchester with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Winchester
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Grant Park | 1,547 | $72,500 | $205,500 | Compare |
| Benld | 1,535 | $45,667 | $83,000 | Compare |
| Twin Grove | 1,554 | $113,250 | $246,400 | Compare |
| Wyoming | 1,532 | $57,969 | $105,700 | Compare |
| Chenoa | 1,559 | $66,625 | $120,700 | Compare |
| Harristown | 1,526 | $74,018 | $116,700 | Compare |
| Thomson | 1,526 | $54,063 | $122,300 | Compare |
| Williamsville | 1,519 | $104,135 | $187,000 | 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.
Compare Winchester With Other Cities
Frequently Asked Questions about Winchester
What is the population of Winchester, IL?
The population of Winchester, IL is 1,543 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 Winchester?
The median household income in Winchester, IL is $54,286 per year, which is 28% below the national median of $75,149.
What is the median home value in Winchester?
The median home value in Winchester, IL is $96,000, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Winchester?
The median monthly rent in Winchester, IL is $627, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Winchester?
The unemployment rate in Winchester, IL is 4.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Winchester, IL a good place to live?
Winchester offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,543 and a median age of 39.1, the city appeals to a broad range of residents.
How educated is Winchester, IL?
20.7% of residents in Winchester 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 Winchester?
Key cost-of-living indicators for Winchester, IL: median home value is $96,000 (61% below national), median rent is $627/month, and median household income is $54,286. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Winchester?
The poverty rate in Winchester, IL is 21.2%, 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 Winchester, IL?
Winchester's population is 0.8% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.2% of residents are foreign-born.