Living in Assumption, Illinois
Cost of living, income, home prices, rent and demographics of Assumption · Census data 2020–2024
Assumption has 1,205 residents with a median age of 37.2. The median household income is $57,500 (31% lower than the Illinois median), the median home value is $89,700, the median rent is $693/month.
Assumption is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Assumption at a glance
- Population
- 1,205
- Median age
- 37.2State: 39
- Median household income
- $57,500State: $83,390
- Median home value
- $89,700State: $263,300
- Median rent
- $693/moState: $1,274
- Homeowners
- 64.2%
- Bachelor's degree or higher
- 16.6%
- Average commute
- 25 min
Is Assumption a good place to live?
Pros: Home values 66% lower than the state median; an average commute of 25 minutes; a poverty rate of 11.7%.
Cons: Median household income 31% lower than the Illinois median; unemployment of 9.2%.
The weather is best in May and August to October.
Cost of living in Assumption
Housing is the biggest part of the cost of living. In Assumption the median home value is $89,700, 73% lower than the U.S. median. Renters pay a median of $693 per month, which is 18.4% of household income. Homeowners with a mortgage pay $850 a month in housing costs.
Assumption median household income
The median household income in Assumption is $57,500 and the income per person is $35,484. 11.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Assumption: homes for sale and rent
- Housing units
- 672
- Owner-occupied
- 64.2%
- Renter-occupied
- 35.8%
- Vacant
- 10.7%Includes seasonal homes
- Median year built
- 1949
- Average household size
- 2.01
Assumption demographics
- Population
- 1,205
- Median age
- 37.2
- Under 18
- 18%
- 65 and older
- 14.4%
- Households
- 600
- Foreign-born
- 0.2%
- Veterans
- 6.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Assumption ›
Education in Assumption
16.6% of adults 25 and older in Assumption have a bachelor's degree or higher (Illinois: 37.8%), and 5.5% have a graduate or professional degree.
Jobs and commute in Assumption
- Unemployment rate
- 9.2%State: 5.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 10.3%
- Drive alone
- 84.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 87.5%
Assumption vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Assumption | 1,205 | $57,500 | $89,700 | $693 |
| Moweaqua | 1,915 | $69,625 | $114,500 | $896 |
| Owaneco | 613 | $65,313 | $101,700 | $815 |
| Pana | 5,217 | $46,168 | $77,900 | $684 |
| Tower Hill | 422 | $53,352 | $68,300 | $783 |
| Stonington | 655 | $65,972 | $106,100 | $900 |
| Blue Mound | 882 | $70,329 | $123,100 | $950 |
| Macon | 1,047 | $68,750 | $108,600 | $918 |
| Taylorville | 10,646 | $57,552 | $104,100 | $828 |
More for people moving to Assumption
Assumption ZIP code ›Weather and climate ›Living in Assumption: FAQ
What is the median household income in Assumption, IL?
The median household income in Assumption is $57,500, 31% 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 Assumption?
The median home value in Assumption is $89,700, compared with $263,300 in Illinois.
How much is rent in Assumption?
The median gross rent in Assumption is $693 per month, about 18.4% of household income.
Is Assumption, IL a good place to live?
Pluses: home values 66% lower than the state median; an average commute of 25 minutes; a poverty rate of 11.7%. Minuses: median household income 31% lower than the Illinois median; unemployment of 9.2%.
What is the median age in Assumption?
The median age in Assumption is 37.2 years (Illinois: 39).
How long is the commute in Assumption?
The average commute to work in Assumption is 25 minutes; 10.3% of workers work from home.
What is the unemployment rate in Assumption?
The unemployment rate in Assumption is 9.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Assumption?
16.6% of adults in Assumption 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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