Living in Melvin, Illinois
Cost of living, income, home prices, rent and demographics of Melvin · Census data 2020–2024
Melvin has 430 residents with a median age of 30.7. The median household income is $43,958 (47% lower than the Illinois median), the median home value is $66,300, the median rent is $681/month.
Melvin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Melvin at a glance
- Population
- 430
- Median age
- 30.7State: 39
- Median household income
- $43,958State: $83,390
- Median home value
- $66,300State: $263,300
- Median rent
- $681/moState: $1,274
- Homeowners
- 81.6%
- Bachelor's degree or higher
- 13%
- Average commute
- 23 min
Is Melvin a good place to live?
Pros: Home values 75% lower than the state median; an average commute of 23 minutes.
Cons: Median household income 47% lower than the Illinois median; unemployment of 6.7%; a poverty rate of 20.2%.
The weather is best in May–June and August–September.
Cost of living in Melvin
Housing is the biggest part of the cost of living. In Melvin the median home value is $66,300, 80% lower than the U.S. median. Renters pay a median of $681 per month, which is 20.3% of household income. Homeowners with a mortgage pay $1,005 a month in housing costs.
Melvin median household income
The median household income in Melvin is $43,958 and the income per person is $25,370. 20.2% of residents live below the poverty line (Illinois: 11.8%).
Housing in Melvin: homes for sale and rent
- Housing units
- 209
- Owner-occupied
- 81.6%
- Renter-occupied
- 18.4%
- Vacant
- 14.4%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.40
Melvin demographics
- Population
- 430
- Median age
- 30.7
- Under 18
- 27%
- 65 and older
- 15.3%
- Households
- 179
- Foreign-born
- 4.2%
- Veterans
- 7.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Melvin ›
Education in Melvin
13% of adults 25 and older in Melvin have a bachelor's degree or higher (Illinois: 37.8%), and 5.1% have a graduate or professional degree.
Jobs and commute in Melvin
- Unemployment rate
- 6.7%State: 5.8%
- Average commute
- 23 minState: 28 min
- Work from home
- 3.6%
- Drive alone
- 86.7%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 91.1%
Melvin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Melvin | 430 | $43,958 | $66,300 | $681 |
| Roberts | 487 | $60,500 | $59,700 | $865 |
| Sibley | 286 | $72,250 | $90,600 | $1,281 |
| Elliott | 258 | $51,094 | $83,800 | $736 |
| Loda | 279 | $80,250 | $108,300 | — |
| Thawville | 210 | $42,500 | $80,800 | $817 |
| Gibson City | 3,434 | $42,955 | $153,800 | $943 |
| Chatsworth | 1,172 | $69,559 | $103,200 | $723 |
| Paxton | 4,131 | $62,386 | $120,400 | $784 |
More for people moving to Melvin
Melvin ZIP code ›Weather and climate ›Living in Melvin: FAQ
What is the median household income in Melvin, IL?
The median household income in Melvin is $43,958, 47% 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 Melvin?
The median home value in Melvin is $66,300, compared with $263,300 in Illinois.
How much is rent in Melvin?
The median gross rent in Melvin is $681 per month, about 20.3% of household income.
Is Melvin, IL a good place to live?
Pluses: home values 75% lower than the state median; an average commute of 23 minutes. Minuses: median household income 47% lower than the Illinois median; unemployment of 6.7%; a poverty rate of 20.2%.
What is the median age in Melvin?
The median age in Melvin is 30.7 years (Illinois: 39).
How long is the commute in Melvin?
The average commute to work in Melvin is 23 minutes; 3.6% of workers work from home.
What is the unemployment rate in Melvin?
The unemployment rate in Melvin is 6.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Melvin?
13% of adults in Melvin 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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