Wyanet, IL
Population 970 · Illinois
About Wyanet, IL
Wyanet is a small community located in Illinois with a population of 970 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,375 per year, which is 21% below the national median of $75,149. The median age of 42.1 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 Wyanet features a median home value of $96,800, which is 60% below the national median of $244,900. This makes Wyanet one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $912, 22% below the national average of $1,163/month. Of the 482 total housing units, 81% are owner-occupied (357 units) and 19% are renter-occupied (83 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wyanet shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.7%, above the national average of 12.4%. Workers in Wyanet have an average one-way commute time of 23.5 minutes.
Education & Demographics
8.8% of Wyanet 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 2.6% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Wyanet, IL
Compared to national averages, Wyanet has a median household income of $59,375 (21% below the national median of $75,149). Home values average $96,800, which is 60% below the national median. Monthly rent at $912 is 22% below the US average of $1,163. Within Illinois, Wyanet's income is 21% below the state average of $75,072, and home values are 42% below the state median of $165,779.
Why Live in Wyanet, IL?
Wyanet offers affordable housing with a median home value of $96,800, below the US average of $244,900, and rent that’s lower than the national average at $912/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features short commute times averaging just 23.5 minutes.
Potential considerations include median household income ($59,375) that falls below the national average. However, Wyanet’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wyanet has a population of 970 with a median age of 42.1 years. Compare Wyanet 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 Wyanet
What is the population of Wyanet, IL?
The population of Wyanet, IL is 970 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 Wyanet?
The median household income in Wyanet, IL is $59,375 per year, which is 21% below the national median of $75,149.
What is the median home value in Wyanet?
The median home value in Wyanet, IL is $96,800, which is 60% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wyanet?
The median monthly rent in Wyanet, IL is $912, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Wyanet?
The unemployment rate in Wyanet, IL is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wyanet, IL a good place to live?
Wyanet offers a moderate cost of living, affordable housing, and a strong job market. With a population of 970 and a median age of 42.1, the city appeals to a broad range of residents.
How educated is Wyanet, IL?
8.8% of residents in Wyanet 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 Wyanet?
Key cost-of-living indicators for Wyanet, IL: median home value is $96,800 (60% below national), median rent is $912/month, and median household income is $59,375. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wyanet?
The poverty rate in Wyanet, IL is 13.7%, 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 Wyanet, IL?
Wyanet's population is 2.6% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.