Living in Lincoln, Illinois
Cost of living, income, home prices, rent and demographics of Lincoln · Census data 2020–2024
Lincoln has 13,281 residents with a median age of 39.2. The median household income is $57,340 (31% lower than the Illinois median), the median home value is $124,300, the median rent is $828/month.
Lincoln at a glance
- Population
- 13,281
- Median age
- 39.2State: 39
- Median household income
- $57,340State: $83,390
- Median home value
- $124,300State: $263,300
- Median rent
- $828/moState: $1,274
- Homeowners
- 56.9%
- Bachelor's degree or higher
- 20.3%
- Average commute
- 18 min
Is Lincoln a good place to live?
Pros: Home values 53% lower than the state median; an average commute of 18 minutes; unemployment of 2.9%.
Cons: Median household income 31% lower than the Illinois median; a poverty rate of 17%.
The weather is best in May–June and August–September.
Cost of living in Lincoln
Housing is the biggest part of the cost of living. In Lincoln the median home value is $124,300, 63% lower than the U.S. median. Renters pay a median of $828 per month, which is 30.6% of household income. Homeowners with a mortgage pay $1,152 a month in housing costs.
Lincoln median household income
The median household income in Lincoln is $57,340 and the income per person is $33,380. 17% of residents live below the poverty line (Illinois: 11.8%).
Housing in Lincoln: homes for sale and rent
- Housing units
- 6,357
- Owner-occupied
- 56.9%
- Renter-occupied
- 43.1%
- Vacant
- 4%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.01
Lincoln demographics
- Population
- 13,281
- Median age
- 39.2
- Under 18
- 18.6%
- 65 and older
- 22.2%
- Households
- 6,102
- Foreign-born
- 1.4%
- Veterans
- 6.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Lincoln ›
Education in Lincoln
20.3% of adults 25 and older in Lincoln have a bachelor's degree or higher (Illinois: 37.8%), and 8.3% have a graduate or professional degree.
Jobs and commute in Lincoln
- Unemployment rate
- 2.9%State: 5.8%
- Average commute
- 18 minState: 28 min
- Work from home
- 6.9%
- Drive alone
- 78.9%
- Public transit
- 0.7%
- Walk to work
- 3%
- Homes with broadband
- 89.6%
Lincoln vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lincoln | 13,281 | $57,340 | $124,300 | $828 |
| Broadwell | 248 | $61,250 | $107,300 | $725 |
| Hartsburg | 415 | $73,529 | $84,300 | $1,065 |
| Beason | 142 | $55,208 | $104,200 | — |
| Atlanta | 1,580 | $80,972 | $134,400 | $894 |
| Mount Pulaski | 1,507 | $66,176 | $110,500 | $747 |
| Elkhart | 533 | $108,594 | $121,600 | $839 |
| New Holland | 216 | $77,500 | $87,900 | $858 |
| Chestnut | 347 | $54,091 | $135,600 | — |
More for people moving to Lincoln
Lincoln ZIP code ›Weather and climate ›Living in Lincoln: FAQ
What is the median household income in Lincoln, IL?
The median household income in Lincoln is $57,340, 31% 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 Lincoln?
The median home value in Lincoln is $124,300, compared with $263,300 in Illinois.
How much is rent in Lincoln?
The median gross rent in Lincoln is $828 per month, about 30.6% of household income.
Is Lincoln, IL a good place to live?
Pluses: home values 53% lower than the state median; an average commute of 18 minutes; unemployment of 2.9%. Minuses: median household income 31% lower than the Illinois median; a poverty rate of 17%.
What is the median age in Lincoln?
The median age in Lincoln is 39.2 years (Illinois: 39).
How long is the commute in Lincoln?
The average commute to work in Lincoln is 18 minutes; 6.9% of workers work from home.
What is the unemployment rate in Lincoln?
The unemployment rate in Lincoln is 2.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lincoln?
20.3% of adults in Lincoln 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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