Living in Erie, Illinois
Cost of living, income, home prices, rent and demographics of Erie · Census data 2020–2024
Erie has 1,614 residents with a median age of 42.5. The median household income is $82,760 (about the same as the Illinois median), the median home value is $151,900, the median rent is $767/month.
Erie at a glance
- Population
- 1,614
- Median age
- 42.5State: 39
- Median household income
- $82,760State: $83,390
- Median home value
- $151,900State: $263,300
- Median rent
- $767/moState: $1,274
- Homeowners
- 75.6%
- Bachelor's degree or higher
- 16.8%
- Average commute
- 19 min
Is Erie a good place to live?
Pros: Home values 42% lower than the state median; an average commute of 19 minutes; unemployment of 4.1%; a poverty rate of 3%.
Cons: Median household income about the same as the Illinois median.
The weather is best in June to September.
Cost of living in Erie
Housing is the biggest part of the cost of living. In Erie the median home value is $151,900, 54% lower than the U.S. median. Renters pay a median of $767 per month, which is 19.4% of household income. Homeowners with a mortgage pay $1,147 a month in housing costs.
Erie median household income
The median household income in Erie is $82,760 and the income per person is $40,147. 3% of residents live below the poverty line (Illinois: 11.8%).
Housing in Erie: homes for sale and rent
- Housing units
- 781
- Owner-occupied
- 75.6%
- Renter-occupied
- 24.4%
- Vacant
- 3.6%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.14
Erie demographics
- Population
- 1,614
- Median age
- 42.5
- Under 18
- 29.4%
- 65 and older
- 20.1%
- Households
- 753
- Foreign-born
- 0.6%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Erie ›
Education in Erie
16.8% of adults 25 and older in Erie have a bachelor's degree or higher (Illinois: 37.8%), and 7% have a graduate or professional degree.
Jobs and commute in Erie
- Unemployment rate
- 4.1%State: 5.8%
- Average commute
- 19 minState: 28 min
- Work from home
- 3.9%
- Drive alone
- 90.3%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 85.5%
Erie vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Erie | 1,614 | $82,760 | $151,900 | $767 |
| Hillsdale | 451 | $86,250 | $99,200 | $794 |
| Prophetstown | 1,903 | $65,125 | $116,600 | $733 |
| Lyndon | 433 | $60,104 | $113,500 | — |
| Albany | 776 | $62,857 | $148,800 | $724 |
| Morrison | 3,739 | $69,089 | $118,000 | $760 |
| Cordova | 666 | $84,167 | $181,300 | $925 |
| Hooppole | 182 | $44,261 | $75,000 | — |
| Port Byron | 1,854 | $111,667 | $278,200 | $525 |
More for people moving to Erie
Erie ZIP code ›Weather and climate ›Living in Erie: FAQ
What is the median household income in Erie, IL?
The median household income in Erie is $82,760, about the same as 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 Erie?
The median home value in Erie is $151,900, compared with $263,300 in Illinois.
How much is rent in Erie?
The median gross rent in Erie is $767 per month, about 19.4% of household income.
Is Erie, IL a good place to live?
Pluses: home values 42% lower than the state median; an average commute of 19 minutes; unemployment of 4.1%; a poverty rate of 3%. Minuses: median household income about the same as the Illinois median.
What is the median age in Erie?
The median age in Erie is 42.5 years (Illinois: 39).
How long is the commute in Erie?
The average commute to work in Erie is 19 minutes; 3.9% of workers work from home.
What is the unemployment rate in Erie?
The unemployment rate in Erie is 4.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Erie?
16.8% of adults in Erie 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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