Living in Jerome, Illinois
Cost of living, income, home prices, rent and demographics of Jerome · Census data 2020–2024
Jerome has 1,807 residents with a median age of 35.6. The median household income is $65,189 (22% lower than the Illinois median), the median home value is $127,800, the median rent is $951/month.
Jerome at a glance
- Population
- 1,807
- Median age
- 35.6State: 39
- Median household income
- $65,189State: $83,390
- Median home value
- $127,800State: $263,300
- Median rent
- $951/moState: $1,274
- Homeowners
- 70.4%
- Bachelor's degree or higher
- 29.8%
- Average commute
- 20 min
Is Jerome a good place to live?
Pros: Home values 51% lower than the state median; an average commute of 20 minutes; unemployment of 2.8%; a poverty rate of 6.4%.
Cons: Median household income 22% lower than the Illinois median.
The weather is best in May–June and August–September.
Cost of living in Jerome
Housing is the biggest part of the cost of living. In Jerome the median home value is $127,800, 62% lower than the U.S. median. Renters pay a median of $951 per month, which is 20.8% of household income. Homeowners with a mortgage pay $1,220 a month in housing costs.
Jerome median household income
The median household income in Jerome is $65,189 and the income per person is $38,779. 6.4% of residents live below the poverty line (Illinois: 11.8%).
Housing in Jerome: homes for sale and rent
- Housing units
- 1,018
- Owner-occupied
- 70.4%
- Renter-occupied
- 29.6%
- Vacant
- 6.8%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 1.90
Jerome demographics
- Population
- 1,807
- Median age
- 35.6
- Under 18
- 19%
- 65 and older
- 16.5%
- Households
- 949
- Foreign-born
- 4.2%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Jerome ›
Education in Jerome
29.8% of adults 25 and older in Jerome have a bachelor's degree or higher (Illinois: 37.8%), and 7.1% have a graduate or professional degree.
Jobs and commute in Jerome
- Unemployment rate
- 2.8%State: 5.8%
- Average commute
- 20 minState: 28 min
- Work from home
- 9.1%
- Drive alone
- 79.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89%
Jerome vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Jerome | 1,807 | $65,189 | $127,800 | $951 |
| Leland Grove | 1,517 | $130,833 | $274,300 | $1,261 |
| Southern View | 1,751 | $57,270 | $105,300 | $1,240 |
| Springfield | 113,330 | $66,064 | $162,100 | $975 |
| Grandview | 1,243 | $48,819 | $71,500 | $1,069 |
| Curran | 115 | $53,750 | $107,100 | $850 |
| Chatham | 14,639 | $106,773 | $243,200 | $1,256 |
| Rochester | 3,766 | $117,118 | $238,900 | $1,288 |
| Sherman | 4,386 | $148,906 | $297,800 | $2,041 |
More for people moving to Jerome
Jerome ZIP code ›Weather and climate ›Living in Jerome: FAQ
What is the median household income in Jerome, IL?
The median household income in Jerome is $65,189, 22% 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 Jerome?
The median home value in Jerome is $127,800, compared with $263,300 in Illinois.
How much is rent in Jerome?
The median gross rent in Jerome is $951 per month, about 20.8% of household income.
Is Jerome, IL a good place to live?
Pluses: home values 51% lower than the state median; an average commute of 20 minutes; unemployment of 2.8%; a poverty rate of 6.4%. Minuses: median household income 22% lower than the Illinois median.
What is the median age in Jerome?
The median age in Jerome is 35.6 years (Illinois: 39).
How long is the commute in Jerome?
The average commute to work in Jerome is 20 minutes; 9.1% of workers work from home.
What is the unemployment rate in Jerome?
The unemployment rate in Jerome is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Jerome?
29.8% of adults in Jerome 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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