Living in Elizabeth, Illinois
Cost of living, income, home prices, rent and demographics of Elizabeth · Census data 2020–2024
Elizabeth has 775 residents with a median age of 48.2. The median household income is $56,250 (33% lower than the Illinois median), the median home value is $135,900, the median rent is $739/month.
Elizabeth is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elizabeth at a glance
- Population
- 775
- Median age
- 48.2State: 39
- Median household income
- $56,250State: $83,390
- Median home value
- $135,900State: $263,300
- Median rent
- $739/moState: $1,274
- Homeowners
- 68.5%
- Bachelor's degree or higher
- 25.2%
- Average commute
- 21 min
Is Elizabeth a good place to live?
Pros: Home values 48% lower than the state median; an average commute of 21 minutes; unemployment of 0.5%; a poverty rate of 8%.
Cons: Median household income 33% lower than the Illinois median.
The weather is best in June to September.
Cost of living in Elizabeth
Housing is the biggest part of the cost of living. In Elizabeth the median home value is $135,900, 59% lower than the U.S. median. Renters pay a median of $739 per month, which is 29% of household income. Homeowners with a mortgage pay $1,199 a month in housing costs.
Elizabeth median household income
The median household income in Elizabeth is $56,250 and the income per person is $38,635. 8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Elizabeth: homes for sale and rent
- Housing units
- 478
- Owner-occupied
- 68.5%
- Renter-occupied
- 31.5%
- Vacant
- 11.1%Includes seasonal homes
- Median year built
- 1948
- Average household size
- 1.77
Elizabeth demographics
- Population
- 775
- Median age
- 48.2
- Under 18
- 15.9%
- 65 and older
- 29.4%
- Households
- 425
- Foreign-born
- 2.2%
- Veterans
- 3.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Elizabeth ›
Education in Elizabeth
25.2% of adults 25 and older in Elizabeth have a bachelor's degree or higher (Illinois: 37.8%), and 6.9% have a graduate or professional degree.
Jobs and commute in Elizabeth
- Unemployment rate
- 0.5%State: 5.8%
- Average commute
- 21 minState: 28 min
- Work from home
- 8%
- Drive alone
- 79.9%
- Public transit
- 0%
- Walk to work
- 3.1%
- Homes with broadband
- 71.5%
Elizabeth vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elizabeth | 775 | $56,250 | $135,900 | $739 |
| Hanover | 829 | $42,250 | $89,500 | $705 |
| The Galena Territory | 1,735 | $117,548 | $324,700 | $1,279 |
| Apple Canyon Lake | 741 | $115,072 | $329,400 | — |
| Scales Mound | 463 | $69,141 | $155,600 | $831 |
| Bellevue | 2,259 | $79,417 | $216,500 | $843 |
| Stockton | 1,873 | $46,934 | $93,700 | $791 |
| Galena | 2,931 | $58,689 | $233,200 | $836 |
| Apple River | 290 | $44,028 | $87,100 | $880 |
More for people moving to Elizabeth
Elizabeth ZIP code ›Weather and climate ›Living in Elizabeth: FAQ
What is the median household income in Elizabeth, IL?
The median household income in Elizabeth is $56,250, 33% 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 Elizabeth?
The median home value in Elizabeth is $135,900, compared with $263,300 in Illinois.
How much is rent in Elizabeth?
The median gross rent in Elizabeth is $739 per month, about 29% of household income.
Is Elizabeth, IL a good place to live?
Pluses: home values 48% lower than the state median; an average commute of 21 minutes; unemployment of 0.5%; a poverty rate of 8%. Minuses: median household income 33% lower than the Illinois median.
What is the median age in Elizabeth?
The median age in Elizabeth is 48.2 years (Illinois: 39).
How long is the commute in Elizabeth?
The average commute to work in Elizabeth is 21 minutes; 8% of workers work from home.
What is the unemployment rate in Elizabeth?
The unemployment rate in Elizabeth is 0.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elizabeth?
25.2% of adults in Elizabeth 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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