Living in Lomax, Illinois
Cost of living, income, home prices, rent and demographics of Lomax · Census data 2020–2024
Lomax has 318 residents with a median age of 41.9. The median household income is $51,875 (38% lower than the Illinois median), the median home value is $79,000, the median rent is $810/month.
Lomax is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lomax at a glance
- Population
- 318
- Median age
- 41.9State: 39
- Median household income
- $51,875State: $83,390
- Median home value
- $79,000State: $263,300
- Median rent
- $810/moState: $1,274
- Homeowners
- 81.3%
- Bachelor's degree or higher
- 17.4%
- Average commute
- 32 min
Is Lomax a good place to live?
Pros: Home values 70% lower than the state median; unemployment of 1.3%; a poverty rate of 11%.
Cons: Median household income 38% lower than the Illinois median; an average commute of 32 minutes.
The weather is best in May–June and August–September.
Cost of living in Lomax
Housing is the biggest part of the cost of living. In Lomax the median home value is $79,000, 76% lower than the U.S. median. Renters pay a median of $810 per month, which is 47.5% of household income. Homeowners with a mortgage pay $937 a month in housing costs.
Lomax median household income
The median household income in Lomax is $51,875 and the income per person is $29,132. 11% of residents live below the poverty line (Illinois: 11.8%).
Housing in Lomax: homes for sale and rent
- Housing units
- 154
- Owner-occupied
- 81.3%
- Renter-occupied
- 18.7%
- Vacant
- 20.1%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.59
Lomax demographics
- Population
- 318
- Median age
- 41.9
- Under 18
- 21.7%
- 65 and older
- 18.9%
- Households
- 123
- Foreign-born
- 0.9%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Lomax ›
Education in Lomax
17.4% of adults 25 and older in Lomax have a bachelor's degree or higher (Illinois: 37.8%), and 6.7% have a graduate or professional degree.
Jobs and commute in Lomax
- Unemployment rate
- 1.3%State: 5.8%
- Average commute
- 32 minState: 28 min
- Work from home
- 0%
- Drive alone
- 89.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 87%
Lomax vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lomax | 318 | $51,875 | $79,000 | $810 |
| Dallas City | 894 | $63,056 | $90,000 | $866 |
| Oak Hills | 137 | $250,001 | $373,900 | — |
| Pontoosuc | 108 | $62,500 | $66,700 | — |
| Wever | 142 | $43,750 | $311,100 | — |
| La Harpe | 1,273 | $49,205 | $86,400 | $491 |
| Burlington | 23,728 | $59,000 | $114,300 | $924 |
| Stronghurst | 949 | $59,375 | $124,600 | $894 |
| West Burlington | 3,189 | $48,542 | $124,000 | $800 |
More for people moving to Lomax
Lomax ZIP code ›Weather and climate ›Living in Lomax: FAQ
What is the median household income in Lomax, IL?
The median household income in Lomax is $51,875, 38% 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 Lomax?
The median home value in Lomax is $79,000, compared with $263,300 in Illinois.
How much is rent in Lomax?
The median gross rent in Lomax is $810 per month, about 47.5% of household income.
Is Lomax, IL a good place to live?
Pluses: home values 70% lower than the state median; unemployment of 1.3%; a poverty rate of 11%. Minuses: median household income 38% lower than the Illinois median; an average commute of 32 minutes.
What is the median age in Lomax?
The median age in Lomax is 41.9 years (Illinois: 39).
How long is the commute in Lomax?
The average commute to work in Lomax is 32 minutes; 0% of workers work from home.
What is the unemployment rate in Lomax?
The unemployment rate in Lomax is 1.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lomax?
17.4% of adults in Lomax 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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