Living in Mahomet, Illinois
Cost of living, income, home prices, rent and demographics of Mahomet · Census data 2020–2024
Mahomet has 10,049 residents with a median age of 37.7. The median household income is $118,586 (42% higher than the Illinois median), the median home value is $299,100, the median rent is $1,396/month.
Mahomet at a glance
- Population
- 10,049
- Median age
- 37.7State: 39
- Median household income
- $118,586State: $83,390
- Median home value
- $299,100State: $263,300
- Median rent
- $1,396/moState: $1,274
- Homeowners
- 79.5%
- Bachelor's degree or higher
- 54.2%
- Average commute
- 21 min
Is Mahomet a good place to live?
Pros: Median household income 42% higher than the Illinois median; an average commute of 21 minutes; unemployment of 3.5%; a poverty rate of 3.8%.
Cons: Home values 14% higher than the state median.
The weather is best in May and July to September.
Cost of living in Mahomet
Housing is the biggest part of the cost of living. In Mahomet the median home value is $299,100, 10% lower than the U.S. median. Renters pay a median of $1,396 per month, which is 29% of household income. Homeowners with a mortgage pay $2,158 a month in housing costs.
Mahomet median household income
The median household income in Mahomet is $118,586 and the income per person is $53,341. 3.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Mahomet: homes for sale and rent
- Housing units
- 3,776
- Owner-occupied
- 79.5%
- Renter-occupied
- 20.5%
- Vacant
- 8.1%Includes seasonal homes
- Median year built
- 2001
- Average household size
- 2.89
Mahomet demographics
- Population
- 10,049
- Median age
- 37.7
- Under 18
- 31.6%
- 65 and older
- 12%
- Households
- 3,471
- Foreign-born
- 6.4%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Mahomet ›
Education in Mahomet
54.2% of adults 25 and older in Mahomet have a bachelor's degree or higher (Illinois: 37.8%), and 26.2% have a graduate or professional degree.
Jobs and commute in Mahomet
- Unemployment rate
- 3.5%State: 5.8%
- Average commute
- 21 minState: 28 min
- Work from home
- 16.5%
- Drive alone
- 75.5%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 96.8%
Mahomet vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Mahomet | 10,049 | $118,586 | $299,100 | $1,396 |
| Lake of the Woods | 2,091 | $61,625 | $193,500 | $1,190 |
| Bondville | 404 | $71,250 | $168,200 | $1,292 |
| Seymour | 270 | $36,063 | $135,700 | — |
| Mansfield | 866 | $78,750 | $142,200 | $1,021 |
| Champaign | 89,996 | $56,118 | $210,900 | $1,123 |
| Fisher | 1,605 | $97,702 | $190,100 | $917 |
| White Heath | 163 | $98,409 | $168,500 | — |
| Thomasboro | 918 | $64,038 | $111,800 | $808 |
More for people moving to Mahomet
Mahomet ZIP code ›Weather and climate ›Living in Mahomet: FAQ
What is the median household income in Mahomet, IL?
The median household income in Mahomet is $118,586, 42% higher 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 Mahomet?
The median home value in Mahomet is $299,100, compared with $263,300 in Illinois.
How much is rent in Mahomet?
The median gross rent in Mahomet is $1,396 per month, about 29% of household income.
Is Mahomet, IL a good place to live?
Pluses: median household income 42% higher than the Illinois median; an average commute of 21 minutes; unemployment of 3.5%; a poverty rate of 3.8%. Minuses: home values 14% higher than the state median.
What is the median age in Mahomet?
The median age in Mahomet is 37.7 years (Illinois: 39).
How long is the commute in Mahomet?
The average commute to work in Mahomet is 21 minutes; 16.5% of workers work from home.
What is the unemployment rate in Mahomet?
The unemployment rate in Mahomet is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Mahomet?
54.2% of adults in Mahomet 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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