Living in Hopewell, Illinois
Cost of living, income, home prices, rent and demographics of Hopewell · Census data 2020–2024
Hopewell has 604 residents with a median age of 43.7. The median household income is $120,592 (45% higher than the Illinois median), the median home value is $182,700.
Hopewell is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hopewell at a glance
- Population
- 604
- Median age
- 43.7State: 39
- Median household income
- $120,592State: $83,390
- Median home value
- $182,700State: $263,300
- Homeowners
- 100%
- Bachelor's degree or higher
- 37.1%
- Average commute
- 34 min
Is Hopewell a good place to live?
Pros: Median household income 45% higher than the Illinois median; home values 31% lower than the state median; unemployment of 0.7%; a poverty rate of 3%.
Cons: An average commute of 34 minutes.
The weather is best in May–June and August–September.
Cost of living in Hopewell
Housing is the biggest part of the cost of living. In Hopewell the median home value is $182,700, 45% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,695 a month in housing costs.
Hopewell median household income
The median household income in Hopewell is $120,592 and the income per person is $48,420. 3% of residents live below the poverty line (Illinois: 11.8%).
Housing in Hopewell: homes for sale and rent
- Housing units
- 214
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 2.3%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 2.89
Hopewell demographics
- Population
- 604
- Median age
- 43.7
- Under 18
- 30.1%
- 65 and older
- 15.2%
- Households
- 209
- Foreign-born
- 0.3%
- Veterans
- 10%Adults 18+
Hispanic or Latino can be of any race. Population history of Hopewell ›
Education in Hopewell
37.1% of adults 25 and older in Hopewell have a bachelor's degree or higher (Illinois: 37.8%), and 9.8% have a graduate or professional degree.
Jobs and commute in Hopewell
- Unemployment rate
- 0.7%State: 5.8%
- Average commute
- 34 minState: 28 min
- Work from home
- 9.7%
- Drive alone
- 86.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89%
Hopewell vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hopewell | 604 | $120,592 | $182,700 | — |
| Sparland | 295 | $43,125 | $83,600 | $1,063 |
| Lacon | 1,916 | $63,162 | $121,900 | $817 |
| Chillicothe | 5,900 | $66,132 | $132,900 | $899 |
| Rome | 1,947 | $88,750 | $159,800 | $1,094 |
| Washburn | 945 | $76,667 | $89,100 | $856 |
| Henry | 2,441 | $65,577 | $117,000 | $681 |
| Spring Bay | 520 | $61,389 | $130,200 | $1,071 |
| Varna | 387 | $62,639 | $89,300 | $833 |
More for people moving to Hopewell
Hopewell ZIP code ›Weather and climate ›Living in Hopewell: FAQ
What is the median household income in Hopewell, IL?
The median household income in Hopewell is $120,592, 45% higher 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 Hopewell?
The median home value in Hopewell is $182,700, compared with $263,300 in Illinois.
Is Hopewell, IL a good place to live?
Pluses: median household income 45% higher than the Illinois median; home values 31% lower than the state median; unemployment of 0.7%; a poverty rate of 3%. Minuses: an average commute of 34 minutes.
What is the median age in Hopewell?
The median age in Hopewell is 43.7 years (Illinois: 39).
How long is the commute in Hopewell?
The average commute to work in Hopewell is 34 minutes; 9.7% of workers work from home.
What is the unemployment rate in Hopewell?
The unemployment rate in Hopewell is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hopewell?
37.1% of adults in Hopewell 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: