Living in Loami, Illinois
Cost of living, income, home prices, rent and demographics of Loami · Census data 2020–2024
Loami has 782 residents with a median age of 31.9. The median household income is $57,813 (31% lower than the Illinois median), the median home value is $131,900, the median rent is $907/month.
Loami is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Loami at a glance
- Population
- 782
- Median age
- 31.9State: 39
- Median household income
- $57,813State: $83,390
- Median home value
- $131,900State: $263,300
- Median rent
- $907/moState: $1,274
- Homeowners
- 75.7%
- Bachelor's degree or higher
- 22.9%
- Average commute
- 27 min
Is Loami a good place to live?
Pros: Home values 50% lower than the state median; an average commute of 27 minutes; unemployment of 4.6%.
Cons: Median household income 31% lower than the Illinois median; a poverty rate of 12.9%.
The weather is best in May–June and August–September.
Cost of living in Loami
Housing is the biggest part of the cost of living. In Loami the median home value is $131,900, 60% lower than the U.S. median. Renters pay a median of $907 per month, which is 31.2% of household income. Homeowners with a mortgage pay $1,241 a month in housing costs.
Loami median household income
The median household income in Loami is $57,813 and the income per person is $30,007. 12.9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Loami: homes for sale and rent
- Housing units
- 342
- Owner-occupied
- 75.7%
- Renter-occupied
- 24.3%
- Vacant
- 8.5%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.50
Loami demographics
- Population
- 782
- Median age
- 31.9
- Under 18
- 26.5%
- 65 and older
- 15.2%
- Households
- 313
- Foreign-born
- 0.1%
- Veterans
- 9.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Loami ›
Education in Loami
22.9% of adults 25 and older in Loami have a bachelor's degree or higher (Illinois: 37.8%), and 6.1% have a graduate or professional degree.
Jobs and commute in Loami
- Unemployment rate
- 4.6%State: 5.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 15.2%
- Drive alone
- 81.9%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 91.7%
Loami vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Loami | 782 | $57,813 | $131,900 | $907 |
| New Berlin | 1,442 | $70,179 | $163,400 | $643 |
| Curran | 115 | $53,750 | $107,100 | $850 |
| Berlin | 103 | $66,250 | — | — |
| Waverly | 1,375 | $55,671 | $98,400 | $772 |
| Chatham | 14,639 | $106,773 | $243,200 | $1,256 |
| Auburn | 4,306 | $81,411 | $149,600 | $1,011 |
| Thayer | 531 | $62,083 | $97,100 | $968 |
| Jerome | 1,807 | $65,189 | $127,800 | $951 |
More for people moving to Loami
Loami ZIP code ›Weather and climate ›Living in Loami: FAQ
What is the median household income in Loami, IL?
The median household income in Loami is $57,813, 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 Loami?
The median home value in Loami is $131,900, compared with $263,300 in Illinois.
How much is rent in Loami?
The median gross rent in Loami is $907 per month, about 31.2% of household income.
Is Loami, IL a good place to live?
Pluses: home values 50% lower than the state median; an average commute of 27 minutes; unemployment of 4.6%. Minuses: median household income 31% lower than the Illinois median; a poverty rate of 12.9%.
What is the median age in Loami?
The median age in Loami is 31.9 years (Illinois: 39).
How long is the commute in Loami?
The average commute to work in Loami is 27 minutes; 15.2% of workers work from home.
What is the unemployment rate in Loami?
The unemployment rate in Loami is 4.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Loami?
22.9% of adults in Loami 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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