Living in Cornell, Illinois
Cost of living, income, home prices, rent and demographics of Cornell · Census data 2020–2024
Cornell has 389 residents with a median age of 38.1. The median household income is $68,750 (18% lower than the Illinois median), the median home value is $92,200, the median rent is $883/month.
Cornell is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Cornell at a glance
- Population
- 389
- Median age
- 38.1State: 39
- Median household income
- $68,750State: $83,390
- Median home value
- $92,200State: $263,300
- Median rent
- $883/moState: $1,274
- Homeowners
- 69.6%
- Bachelor's degree or higher
- 13.2%
- Average commute
- 22 min
Is Cornell a good place to live?
Pros: Home values 65% lower than the state median; an average commute of 22 minutes; unemployment of 5%.
Cons: Median household income 18% lower than the Illinois median; a poverty rate of 22.5%.
The weather is best in May–June and August–September.
Cost of living in Cornell
Housing is the biggest part of the cost of living. In Cornell the median home value is $92,200, 72% lower than the U.S. median. Renters pay a median of $883 per month, which is 14.3% of household income. Homeowners with a mortgage pay $1,029 a month in housing costs.
Cornell median household income
The median household income in Cornell is $68,750 and the income per person is $29,402. 22.5% of residents live below the poverty line (Illinois: 11.8%).
Housing in Cornell: homes for sale and rent
- Housing units
- 181
- Owner-occupied
- 69.6%
- Renter-occupied
- 30.4%
- Vacant
- 11%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 2.42
Cornell demographics
- Population
- 389
- Median age
- 38.1
- Under 18
- 21.1%
- 65 and older
- 17.7%
- Households
- 161
- Foreign-born
- 0.3%
- Veterans
- 10.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Cornell ›
Education in Cornell
13.2% of adults 25 and older in Cornell have a bachelor's degree or higher (Illinois: 37.8%), and 1.1% have a graduate or professional degree.
Jobs and commute in Cornell
- Unemployment rate
- 5%State: 5.8%
- Average commute
- 22 minState: 28 min
- Work from home
- 10.9%
- Drive alone
- 78.1%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 92.5%
Cornell vs nearby towns
More for people moving to Cornell
Cornell ZIP code ›Weather and climate ›Living in Cornell: FAQ
What is the median household income in Cornell, IL?
The median household income in Cornell is $68,750, 18% 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 Cornell?
The median home value in Cornell is $92,200, compared with $263,300 in Illinois.
How much is rent in Cornell?
The median gross rent in Cornell is $883 per month, about 14.3% of household income.
Is Cornell, IL a good place to live?
Pluses: home values 65% lower than the state median; an average commute of 22 minutes; unemployment of 5%. Minuses: median household income 18% lower than the Illinois median; a poverty rate of 22.5%.
What is the median age in Cornell?
The median age in Cornell is 38.1 years (Illinois: 39).
How long is the commute in Cornell?
The average commute to work in Cornell is 22 minutes; 10.9% of workers work from home.
What is the unemployment rate in Cornell?
The unemployment rate in Cornell is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cornell?
13.2% of adults in Cornell 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.
Last updated: