Living in Lacon, Illinois
Cost of living, income, home prices, rent and demographics of Lacon · Census data 2020–2024
Lacon has 1,916 residents with a median age of 38.8. The median household income is $63,162 (24% lower than the Illinois median), the median home value is $121,900, the median rent is $817/month.
Lacon at a glance
- Population
- 1,916
- Median age
- 38.8State: 39
- Median household income
- $63,162State: $83,390
- Median home value
- $121,900State: $263,300
- Median rent
- $817/moState: $1,274
- Homeowners
- 71.7%
- Bachelor's degree or higher
- 9.7%
- Average commute
- 33 min
Is Lacon a good place to live?
Pros: Home values 54% lower than the state median; unemployment of 5.3%.
Cons: Median household income 24% lower than the Illinois median; an average commute of 33 minutes; a poverty rate of 14.8%.
The weather is best in May–June and August–September.
Cost of living in Lacon
Housing is the biggest part of the cost of living. In Lacon the median home value is $121,900, 63% lower than the U.S. median. Renters pay a median of $817 per month, which is 35% of household income. Homeowners with a mortgage pay $1,226 a month in housing costs.
Lacon median household income
The median household income in Lacon is $63,162 and the income per person is $31,420. 14.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Lacon: homes for sale and rent
- Housing units
- 854
- Owner-occupied
- 71.7%
- Renter-occupied
- 28.3%
- Vacant
- 6.4%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.28
Lacon demographics
- Population
- 1,916
- Median age
- 38.8
- Under 18
- 22.8%
- 65 and older
- 21.2%
- Households
- 799
- Foreign-born
- 0%
- Veterans
- 9.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Lacon ›
Education in Lacon
9.7% of adults 25 and older in Lacon have a bachelor's degree or higher (Illinois: 37.8%), and 2.2% have a graduate or professional degree.
Jobs and commute in Lacon
- Unemployment rate
- 5.3%State: 5.8%
- Average commute
- 33 minState: 28 min
- Work from home
- 7.9%
- Drive alone
- 88.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 83.1%
Lacon vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lacon | 1,916 | $63,162 | $121,900 | $817 |
| Sparland | 295 | $43,125 | $83,600 | $1,063 |
| Hopewell | 604 | $120,592 | $182,700 | — |
| Henry | 2,441 | $65,577 | $117,000 | $681 |
| Chillicothe | 5,900 | $66,132 | $132,900 | $899 |
| Washburn | 945 | $76,667 | $89,100 | $856 |
| Varna | 387 | $62,639 | $89,300 | $833 |
| Rome | 1,947 | $88,750 | $159,800 | $1,094 |
| Magnolia | 232 | $81,406 | $153,000 | — |
More for people moving to Lacon
Lacon ZIP code ›Weather and climate ›Living in Lacon: FAQ
What is the median household income in Lacon, IL?
The median household income in Lacon is $63,162, 24% 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 Lacon?
The median home value in Lacon is $121,900, compared with $263,300 in Illinois.
How much is rent in Lacon?
The median gross rent in Lacon is $817 per month, about 35% of household income.
Is Lacon, IL a good place to live?
Pluses: home values 54% lower than the state median; unemployment of 5.3%. Minuses: median household income 24% lower than the Illinois median; an average commute of 33 minutes; a poverty rate of 14.8%.
What is the median age in Lacon?
The median age in Lacon is 38.8 years (Illinois: 39).
How long is the commute in Lacon?
The average commute to work in Lacon is 33 minutes; 7.9% of workers work from home.
What is the unemployment rate in Lacon?
The unemployment rate in Lacon is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lacon?
9.7% of adults in Lacon 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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