Living in Altamont, Illinois
Cost of living, income, home prices, rent and demographics of Altamont · Census data 2020–2024
Altamont has 2,282 residents with a median age of 38.9. The median household income is $75,510 (9% lower than the Illinois median), the median home value is $129,800, the median rent is $791/month.
Altamont at a glance
- Population
- 2,282
- Median age
- 38.9State: 39
- Median household income
- $75,510State: $83,390
- Median home value
- $129,800State: $263,300
- Median rent
- $791/moState: $1,274
- Homeowners
- 77.8%
- Bachelor's degree or higher
- 21.7%
- Average commute
- 23 min
Is Altamont a good place to live?
Pros: Home values 51% lower than the state median; an average commute of 23 minutes; unemployment of 0.3%.
Cons: Median household income 9% lower than the Illinois median; a poverty rate of 15.1%.
The weather is best in May and August to October.
Cost of living in Altamont
Housing is the biggest part of the cost of living. In Altamont the median home value is $129,800, 61% lower than the U.S. median. Renters pay a median of $791 per month, which is 29% of household income. Homeowners with a mortgage pay $1,174 a month in housing costs.
Altamont median household income
The median household income in Altamont is $75,510 and the income per person is $31,950. 15.1% of residents live below the poverty line (Illinois: 11.8%).
Housing in Altamont: homes for sale and rent
- Housing units
- 937
- Owner-occupied
- 77.8%
- Renter-occupied
- 22.2%
- Vacant
- 5.1%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.49
Altamont demographics
- Population
- 2,282
- Median age
- 38.9
- Under 18
- 25.6%
- 65 and older
- 21.7%
- Households
- 889
- Foreign-born
- 0%
- Veterans
- 10.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Altamont ›
Education in Altamont
21.7% of adults 25 and older in Altamont have a bachelor's degree or higher (Illinois: 37.8%), and 4.4% have a graduate or professional degree.
Jobs and commute in Altamont
- Unemployment rate
- 0.3%State: 5.8%
- Average commute
- 23 minState: 28 min
- Work from home
- 6.3%
- Drive alone
- 78.2%
- Public transit
- 0.5%
- Walk to work
- 0%
- Homes with broadband
- 89%
Altamont vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Altamont | 2,282 | $75,510 | $129,800 | $791 |
| St. Elmo | 1,257 | $45,294 | $82,600 | $762 |
| Beecher City | 414 | $43,750 | $90,800 | $596 |
| Mason | 467 | $65,455 | $82,900 | $911 |
| Watson | 620 | $74,167 | $100,000 | $742 |
| Shumway | 260 | $82,159 | $102,500 | $817 |
| Edgewood | 351 | $47,604 | $85,500 | $591 |
| Effingham | 12,342 | $72,377 | $177,500 | $725 |
| Brownstown | 722 | $53,000 | $72,900 | $886 |
More for people moving to Altamont
Altamont ZIP code ›Weather and climate ›Living in Altamont: FAQ
What is the median household income in Altamont, IL?
The median household income in Altamont is $75,510, 9% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Altamont?
The median home value in Altamont is $129,800, compared with $263,300 in Illinois.
How much is rent in Altamont?
The median gross rent in Altamont is $791 per month, about 29% of household income.
Is Altamont, IL a good place to live?
Pluses: home values 51% lower than the state median; an average commute of 23 minutes; unemployment of 0.3%. Minuses: median household income 9% lower than the Illinois median; a poverty rate of 15.1%.
What is the median age in Altamont?
The median age in Altamont is 38.9 years (Illinois: 39).
How long is the commute in Altamont?
The average commute to work in Altamont is 23 minutes; 6.3% of workers work from home.
What is the unemployment rate in Altamont?
The unemployment rate in Altamont is 0.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Altamont?
21.7% of adults in Altamont have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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