Living in Gifford, Illinois
Cost of living, income, home prices, rent and demographics of Gifford · Census data 2020–2024
Gifford has 822 residents with a median age of 54.4. The median household income is $76,964 (8% lower than the Illinois median), the median home value is $171,200, the median rent is $555/month.
Gifford is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Gifford at a glance
- Population
- 822
- Median age
- 54.4State: 39
- Median household income
- $76,964State: $83,390
- Median home value
- $171,200State: $263,300
- Median rent
- $555/moState: $1,274
- Homeowners
- 95.1%
- Bachelor's degree or higher
- 21%
- Average commute
- 25 min
Is Gifford a good place to live?
Pros: Home values 35% lower than the state median; an average commute of 25 minutes; unemployment of 2.5%; a poverty rate of 7.1%.
Cons: Median household income 8% lower than the Illinois median.
The weather is best in May and August to October.
Cost of living in Gifford
Housing is the biggest part of the cost of living. In Gifford the median home value is $171,200, 49% lower than the U.S. median. Renters pay a median of $555 per month, which is 34.2% of household income. Homeowners with a mortgage pay $1,387 a month in housing costs.
Gifford median household income
The median household income in Gifford is $76,964 and the income per person is $38,502. 7.1% of residents live below the poverty line (Illinois: 11.8%).
Housing in Gifford: homes for sale and rent
- Housing units
- 366
- Owner-occupied
- 95.1%
- Renter-occupied
- 4.9%
- Vacant
- 5.2%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.13
Gifford demographics
- Population
- 822
- Median age
- 54.4
- Under 18
- 18%
- 65 and older
- 34.1%
- Households
- 347
- Foreign-born
- 0.4%
- Veterans
- 9.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Gifford ›
Education in Gifford
21% of adults 25 and older in Gifford have a bachelor's degree or higher (Illinois: 37.8%), and 6.1% have a graduate or professional degree.
Jobs and commute in Gifford
- Unemployment rate
- 2.5%State: 5.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 7.6%
- Drive alone
- 80.2%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 77.2%
Gifford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Gifford | 822 | $76,964 | $171,200 | $555 |
| Penfield | 190 | $97,000 | $96,200 | — |
| Rantoul | 12,421 | $48,691 | $118,200 | $890 |
| Ludlow | 372 | $45,000 | $72,500 | $1,024 |
| Royal | 292 | $86,250 | $161,200 | $1,136 |
| Thomasboro | 918 | $64,038 | $111,800 | $808 |
| Paxton | 4,131 | $62,386 | $120,400 | $784 |
| Potomac | 605 | $53,194 | $95,500 | $780 |
| Rankin | 601 | $41,250 | $56,900 | $767 |
More for people moving to Gifford
Gifford ZIP code ›Weather and climate ›Living in Gifford: FAQ
What is the median household income in Gifford, IL?
The median household income in Gifford is $76,964, 8% 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 Gifford?
The median home value in Gifford is $171,200, compared with $263,300 in Illinois.
How much is rent in Gifford?
The median gross rent in Gifford is $555 per month, about 34.2% of household income.
Is Gifford, IL a good place to live?
Pluses: home values 35% lower than the state median; an average commute of 25 minutes; unemployment of 2.5%; a poverty rate of 7.1%. Minuses: median household income 8% lower than the Illinois median.
What is the median age in Gifford?
The median age in Gifford is 54.4 years (Illinois: 39).
How long is the commute in Gifford?
The average commute to work in Gifford is 25 minutes; 7.6% of workers work from home.
What is the unemployment rate in Gifford?
The unemployment rate in Gifford is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Gifford?
21% of adults in Gifford 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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