Living in Arcola, Illinois
Cost of living, income, home prices, rent and demographics of Arcola · Census data 2020–2024
Arcola has 2,892 residents with a median age of 36.4. The median household income is $89,827 (8% higher than the Illinois median), the median home value is $124,100, the median rent is $803/month.
Arcola at a glance
- Population
- 2,892
- Median age
- 36.4State: 39
- Median household income
- $89,827State: $83,390
- Median home value
- $124,100State: $263,300
- Median rent
- $803/moState: $1,274
- Homeowners
- 74.7%
- Bachelor's degree or higher
- 20.9%
- Average commute
- 14 min
Is Arcola a good place to live?
Pros: Median household income 8% higher than the Illinois median; home values 53% lower than the state median; an average commute of 14 minutes; unemployment of 5.4%; a poverty rate of 9.6%.
The weather is best in May–June and August–September.
Cost of living in Arcola
Housing is the biggest part of the cost of living. In Arcola the median home value is $124,100, 63% lower than the U.S. median. Renters pay a median of $803 per month, which is 23.9% of household income. Homeowners with a mortgage pay $1,181 a month in housing costs.
Arcola median household income
The median household income in Arcola is $89,827 and the income per person is $32,486. 9.6% of residents live below the poverty line (Illinois: 11.8%).
Housing in Arcola: homes for sale and rent
- Housing units
- 1,042
- Owner-occupied
- 74.7%
- Renter-occupied
- 25.3%
- Vacant
- 7%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.85
Arcola demographics
- Population
- 2,892
- Median age
- 36.4
- Under 18
- 27.4%
- 65 and older
- 13.9%
- Households
- 969
- Foreign-born
- 16.9%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Arcola ›
Education in Arcola
20.9% of adults 25 and older in Arcola have a bachelor's degree or higher (Illinois: 37.8%), and 11% have a graduate or professional degree.
Jobs and commute in Arcola
- Unemployment rate
- 5.4%State: 5.8%
- Average commute
- 14 minState: 28 min
- Work from home
- 5.3%
- Drive alone
- 78.1%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 89.3%
Arcola vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Arcola | 2,892 | $89,827 | $124,100 | $803 |
| Humboldt | 329 | $59,063 | $81,500 | $877 |
| Tuscola | 4,808 | $78,179 | $154,300 | $901 |
| Hindsboro | 368 | $50,938 | $76,300 | $914 |
| Arthur | 2,083 | $54,907 | $151,300 | $892 |
| Camargo | 456 | $68,333 | $131,500 | $537 |
| Atwood | 1,144 | $62,383 | $128,200 | $856 |
| Villa Grove | 2,349 | $70,647 | $125,700 | $878 |
| Mattoon | 16,586 | $51,597 | $97,700 | $740 |
More for people moving to Arcola
Arcola ZIP code ›Weather and climate ›Living in Arcola: FAQ
What is the median household income in Arcola, IL?
The median household income in Arcola is $89,827, 8% higher 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 Arcola?
The median home value in Arcola is $124,100, compared with $263,300 in Illinois.
How much is rent in Arcola?
The median gross rent in Arcola is $803 per month, about 23.9% of household income.
Is Arcola, IL a good place to live?
Pluses: median household income 8% higher than the Illinois median; home values 53% lower than the state median; an average commute of 14 minutes; unemployment of 5.4%; a poverty rate of 9.6%.
What is the median age in Arcola?
The median age in Arcola is 36.4 years (Illinois: 39).
How long is the commute in Arcola?
The average commute to work in Arcola is 14 minutes; 5.3% of workers work from home.
What is the unemployment rate in Arcola?
The unemployment rate in Arcola is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Arcola?
20.9% of adults in Arcola 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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